Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 13,740,000
Catalog: KM-90
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 4.67 Grams
Diameter: 19mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
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1864 COPPER NICKEL 1C MS obverse 1864 COPPER NICKEL 1C MS reverse


  
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Description & Analysis

The hoarding of cents continued unabated during 1864, and various merchants had already resorted to issuing thin, copper tokens of cent size to make change. Unlike the federal issues, which had contained nearly one cent's worth of metal before the war, these tokens were worth just a fraction of their nominal value and circulated freely. Congress took notice of their success and passed a new act replacing the copper-nickel cent with one of bronze that was similar to the ubiquitous tokens.

In the early months of 1864, before the new law became effective, over 13 million copper-nickel cents were coined for circulation. Like their predecessors, these were mostly hoarded at the time, though the abundance of worn examples prove that these did return to circulation once the money crisis had passed.

The 1864 "nickels" seem to have been made in haste, with most examples being weakly struck from overused dies. Slightly scarce as a date due to its low mintage, this issue is also challenging to find with full luster and a sharp strike.

GRADE SUMMARY

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Price Guide

Last Updated: 6/18/2015

Click on a price to see historical prices, comparison charts and trends.

1864 COPPER NICKEL 1C MS
  GVGFVFXF5053555861626364656667686970
Base $ 16.00 24.00 35.00 50.00 80.00 90.00 100.00 140 155 185 250 400 625 1750 4100 22500 - - -
$ 85.00 - 110 150 160 205 280 500 750 2600 8500 - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Census

 
NGC GRADE SUMMARY

Total Graded: 1539
Low Grade: G
Average Grade: 61
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/25/2004 NGC MS 64   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 1349 $265.00
8/5/2012 NGC Details UNC Details  Heritage Auctions Internet Coin Auction Session(1), 131233/Lot# 22011 $146.88
2/18/2013 NGC MS 62   Teletrade Auction 3418, 3418/Lot# 1155 $180.00
8/4/2013 NGC Details AU Details  Heritage Auctions Internet Coin Auction Session(2), 131333/Lot# 28830 $76.00
12/15/2013 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 12/15/2013, 105/Lot# 156390 $214.50
11/2/2014 PCGS G 6   David Lawrence Rare Coins Internet Auction # 828, 837/Lot# 10434 $90.00
11/2/2014 NGC AU 58   Heritage Auctions Internet Coin Auction Session(1), 131445/Lot# 23031 $110.45
12/24/2014 NGC VF 25   Stack's Bowers iAuction 3514, 6083/Lot# 20026 $25.85


NGC Registry

NGC Registry Score 1864 COPPER NICKEL 1C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base5472981432013043203363664775155395867259901303236837127138707776518153
608111316223530932534640349052355563281310941658281648547138726878180
00000032534640349052355563281310941658281648547138726800
00000033135644050253157067990211992013326459967138746000
1864 COPPER NICKEL 1C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base59811061392203203363663955025395656207749661345223336946917734079308445
668911716625332534637543051454758367183810921641272047687058753681010
00000034637543051454758367183810921641272047687058753600
00000035638546652655660172290212181937320758427199773300
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