Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 39,233,714
Catalog: KM-90a
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Bronze
Weight: 3.11 Grams
Diameter: 19mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
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1864 BRONZE 1C MS obverse 1864 BRONZE 1C MS reverse


  
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Description & Analysis

A solution to the hoarding of cents during the Civil War was found by observing the success of commercially issued tokens of copper that circulated freely. On April 22, 1864 Congress authorized a cent of 95% copper and 5% tin and zinc to replace the useless copper-nickel cent.

With the coinage of gold and silver at the Philadelphia Mint already quite low, it was an easy matter to direct all of its resources to the mass production of bronze cents. Nearly 40 million were coined before year's end, most of these having the rounded bust tip of 1860-64 copper-nickel cents and lacking the designer's initial L.

Under such pressure, however, there were many die-punching errors both minor and major, as well as the overuse of dies which left them highly eroded. The resulting coins have blurry details and are not eye appealing in any grade. Fortunately, there appears to be a good supply of well struck Mint State examples, too. Enough 1864 bronze cents were preserved either by accident or design that this date is available even with full mint red color.

GRADE SUMMARY

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Price Guide

Last Updated: 1/15/2015

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1864 BRONZE 1C MS Brown
  GVGFVF4045505355586061626364656667686970
Base $ 10.00 13.00 22.00 40.00 65.00 65.00 80.00 85.00 90.00 95.00 100.00 105 145 160 200 355 500 975 - - -
$ 70.00 85.00 88.00 92.00 99.00 103 115 155 175 225 390 600 - -
1864 BRONZE 1C MS Red Brown
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 110 125 165 240 350 600 900 1700 - - -
$ - - - - - - - - - 400 650 1000 - -
1864 BRONZE 1C MS Red
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - 150 190 325 550 1140 2000 7500 - - -
$ - - - - - - - - - - - 2600 - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 1294
Low Grade: PrAg
Average Grade: 62
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
2/3/2015 MS 64  Red Brown Heritage Auctions Internet Coin Auction Session(1), 131505/Lot# 21031
2/3/2015 MS 64  Red Brown Heritage Auctions Internet Coin Auction Session(2), 131505/Lot# 21928


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
12/11/1996 NGC MS 66   Red Brown Teletrade Auction 0901, 901/Lot# 1010 $463.25
5/28/2003 NGC MS 65   Red Brown Heritage Auctions 2003 May Long Beach Signature Sale #324, 324/Lot# 5199 $330.00
9/6/2004 PCGS MS 65   Red Goldberg September 6-7, 2004 Pre-Long Beach Coin Auction, 26/Lot# 203 $1,093.00
2/10/2008 PCGS MS 66   Red Brown Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 1764 $575.00
10/2/2008 NGC MS 66   Red Brown David Lawrence Rare Coins Thursday - Internet Auction # 288, 294/Lot# 8474 $621.00
12/11/2011 PCGS XF 45   Brown Heritage Auctions Internet Coin Auction Session(1), 131151/Lot# 24019 $58.00
3/2/2014 PCGS MS 63   Brown GreatCollections GreatCollections Coin Auctions 03/02/2014, 182/Lot# 168025 $209.00
10/10/2014 PCGS MS 64   Red Brown Stack's Bowers November Baltimore 2014, 6039/Lot# 14398 $211.50


NGC Registry

NGC Registry Score 1864 BRONZE 1C MS Brown
 PrAgGVGFVF4045505355586061626364656667686970
Base375067941271671942202412582822983543723895176488441010129616382044
4155761051401762022272462662873163603774315607138991105141017730
0000002022272462662873163603774315607138991105141000
0000002112342522742923353663834746047789541200152400
1864 BRONZE 1C MS Red Brown
 PrAgGVGFVF4045505355586061626364656667686970
Base3750679412716719422024125828229840645650258889813812507305936974427
415576105140176202227246266287334422471530691105917562691327139400
000000202227246266287334422471530691105917562691327100
000000211234252274292370439486559794122021312875348400
1864 BRONZE 1C MS Red
 PrAgGVGFVF4045505355586061626364656667686970
Base37506794127167194220241258282298406502560898161923224464530262517320
4155761051401762022272462662873344385216721138185330364743561866070
0000002022272462662873344385216721138185330364743561800
0000002112342522742923704705407851378208737505022593400
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