Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 20,566,000
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 4.6700g
Diameter: 19mm
Edge: Plain
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1860 1C MS obverse 1860 1C MS reverse
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Description & Analysis

By 1860 the Mint's program of retiring the old copper cents and half cents was largely complete, and merchants began to complain about a redundancy of the new small cents. These coins were not redeemable at the Treasury, so the existing stock forced a reduction in the number minted for 1860.

A mintage of 20+ million coins was still fairly large for the times, so this issue is not rare in any grade short of MS-65. Most examples are well struck and have pleasing luster.

A major variety for this date displays the old style bust used in 1859, with a pointed tip to Liberty's bust (photos). Just a few working dies were hubbed from this bust before a new one was adopted having a rounded tip, and the majority of 1860 cents have the rounded bust.

GRADE SUMMARY

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Price Guide

Last Updated: 8/12/2019

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

1860 1C MS
  GVGFVFXF505355586061626364656667686970
Base $ 13.50 18.75 25.50 35.00 70.00 100.00 110 135 175 190 225 260 340 490 1400 2900 19000 - - -
$ - - 115 145 180 - 235 280 385 750 1900 5100 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1593
Low Grade: PrAg
Average Grade: 61
High Grade: 67

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 11/19/2019 1860 1C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base27125596074424494123358186256396132354---1592
----------------1-----1
--------------163-----10
-----------------------
Total27125596074424494123358186257402136354---1603
 0 %0 %1 %0 %4 %4 %5 %3 %3 %6 %8 %0 %4 %12 %16 %25 %8 %2 %0 %--- 
1860 1C MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------------1-----1
-----------------------
-----------------------
-----------------------
Total----------------1-----1
 ----------------100 %----- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/19/2010 PCGS MS 64   Goldberg September 19-21, 2010 Pre-Long Beach Coin Auction, 60/Lot# 3564 $368.00
9/22/2010 PCGS MS 65   Heritage Auctions 2010 September Long Beach, CA Signature US Coin Auction #1144, 1144/Lot# 3134 $2,300.00
6/27/2011 NGC Details UNC Details  Teletrade Auction 3091, 3091/Lot# 1006 $103.50
12/8/2013 PCGS AU 58   David Lawrence Rare Coins Internet Auction # 781, 790/Lot# 503 $243.98
6/29/2014 PCGS MS 66   GreatCollections GreatCollections Coin Auctions 06/29/2014, 187/Lot# 198561 $5,500.00
9/5/2014 NGC MS 62   Stack's Bowers iAuction 3498, 6052/Lot# 20019 $164.50
10/8/2014 PCGS MS 64   Heritage Auctions 2014 October 8 - 13 PNG New York Invitational US Coins Signature Auction - New York Session(5), 1210/Lot# 7146 $822.50
3/19/2017 NGC MS 64   Heritage Auctions Internet Coin Auction Session(1), 131713/Lot# 27015 $1,527.50


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