Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 852,500
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.
Link to this coin

1877 1C MS obverse 1877 1C MS reverse


  
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VarietyPlus®

There are no varieties for this coin.

Description & Analysis

Though it had only the second lowest mintage in the Indian Head series, the 1877 cent is by far the rarest issue in terms of survivors. The few thousand persons who collected cents at the time simply purchased proofs and disregarded the rarity of currency pieces. Most examples existing today are heavily worn. Needless to say, fully red examples are extremely rare.

This date's low mintage was the result of economic depression combined with the success of the Treasury's redemption policy. Almost 10 million cents were returned to the Mint in 1877 as unneeded in commerce, and 9,821,500 of these were reissued in place of newly-struck pieces.

The rarity of this issue is even greater than its low mintage suggests, and some researchers have speculated that the published figure is in error. Reinforcing this notion is the fact that only two obverse dies for the date are known in combination with a single reverse. It would take a greater number of dies than this to produce 852,500 cents under the most ideal circumstances, and it may be that the published figure included some dated 1876 or even some reissued coins.

GRADE SUMMARY

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Price Guide

Last Updated: 1/9/2015

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

1877 1C MS Brown
  GVGFVFXF5053555861626364656667686970
Base $ 630 800 1150 1700 2400 2950 3150 3550 3800 4100 4400 5400 6400 8500 12000 - - - -
$ 2600 - - - - - - - - - - - -
1877 1C MS Red Brown
  GVGFVFXF5053555861626364656667686970
Base $ - - - - - - - 3750 4050 4800 5600 6500 9500 15500 30000 - - - -
$ - - - - - - - - 11500 18450 - - -
1877 1C MS Red
  GVGFVFXF5053555861626364656667686970
Base $ - - - - - - - - - - 6000 8000 13000 42500 149500 - - - -
$ - - - - - - - - 24000 50000 - - -

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: 2917
Low Grade: PrAg
Average Grade: VF
High Grade: 66


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
4/26/2015 VG 8  Brown Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(7), 1219/Lot# 7159
4/26/2015 VG 8  Brown Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(7), 1219/Lot# 7160
4/26/2015 MS 66  Red Brown Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(4), 1219/Lot# 4926
4/26/2015 MS 65  Red Brown Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(1), 1219/Lot# 3214
4/26/2015 MS 62  Red Brown Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(1), 1219/Lot# 3212
4/26/2015 AU Details Brown Heritage Auctions 2015 April 22 - 26 CSNS US Coins Signature Auction - Chicago Session(7), 1219/Lot# 7162


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
6/16/2003 PCGS AU 55   Brown Teletrade Auction 1739, 1739/Lot# 1019 $1,870.00
3/15/2009 NGC G 4   Brown Heritage Auctions Sunday Internet Coin Auction #69034, 69034/Lot# 64018 $632.50
5/24/2009 NGC G 6   Brown Goldberg May 24-27, 2009 Pre-Long Beach Coin and Currency Auction, 53/Lot# 326 $891.00
5/30/2010 PCGS VF 25   Brown Bonhams Coins, Medals, and Banknotes, 18301/Lot# 1187 $1,638.00
12/2/2010 NGC G 4   Brown Heritage Auctions 2010 December Houston Signature US Coin Auction Session(4), 1147/Lot# 7243 $632.50
5/30/2012 NGC VF 30   Brown Heritage Auctions 2012 May 30- June 3 US Coins Signature Auction- Long Beach Session(1), 1171/Lot# 3130 $1,380.00
7/8/2012 NGC Details F Details  GreatCollections GreatCollections Coin Auctions 07/08/2012, 30/Lot# 50380 $695.20
1/1/2013 PCGS VF 20   Brown Stack's Bowers The January 2013 Americana Sale, 180/Lot# 12086 $1,185.58
2/22/2013 PCGS AG 3   Brown Stack's Bowers The March 2013 Baltimore Auction, 181/Lot# 6573 $399.50
3/16/2014 PCGS VF 25   Brown David Lawrence Rare Coins Internet Auction # 795, 804/Lot# 13 $1,650.00


NGC Registry

NGC Registry Score 1877 1C MS Brown
 PrAgGVGFVF4045505355586061626364656667686970
Base847130915051843226826992807298530803260336534473486360139524261481755635427639274798697
1001137416181985241227352866301731403295339234603524371840554446506655635749675478850
0000002866301731403295339234603524371840554446506655635749675400
0000002926304832003330342034733563383541584632531455636070711700
1877 1C MS Red Brown
 PrAgGVGFVF4045505355586061626364656667686970
Base903108412911527179420942270243125473345346735253747401642905049616979609817113011294514760
963115313701616189421532324247028133386348635993837410745435422676685791031211849135500
000000232424702813338634863599383741074543542267668579103121184900
000000237725083079342635063673392641994796579673639198108061239700
1877 1C MS Red
 PrAgGVGFVF4045505355586061626364656667686970
Base95911491367161318902202238425512671274828592930305841414694574790461389916889190912149924125
102212221449170519942263244025912697278528832973341943255045684710664148961762319894223740
00000024402591269727852883297334194325504568471066414896176231989400
00000024952631272228222906301537804510539679461228115892183572069600
Registry Image Gallery

No Images Found

Related Articles

Counterfeit Detection: Deception Includes Condition

4/8/2010  — One common way that counterfeiters attempt to deceive is by faking wear or damage. This is shown by looking at recently submitted fakes of an 1877 Indian Cent and a 1901-S Barber Quarter.
View full article >


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