Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 20,566,000
Catalog: KM-90
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 4.6700g
Diameter: 19mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
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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: 5/9/2016

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1860 1C MS
  GVGFVFXF505355586061626364656667686970
Base $ 12.00 15.00 21.00 35.00 70.00 100.00 110 135 175 190 225 260 340 550 1400 3650 19500 - - -
$ - - 115 145 180 - 235 280 385 750 1800 4900 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1442
Low Grade: PrAg
Average Grade: 61
High Grade: 67


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/20/2005 PCGS MS 64   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 35 $460.00
4/9/2007 PCGS MS 64   Teletrade Auction 2351, 2351/Lot# 1007 $280.00
7/30/2008 PCGS MS 66   Heritage Auctions 2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114, 1114/Lot# 1529 $9,775.00
10/13/2011 PCGS MS 62   Heritage Auctions 2011 October 13-16 US Coins Signature Auction #1160- Pittsburgh Session(4), 1160/Lot# 7162 $184.00
10/27/2013 PCGS XF 45   David Lawrence Rare Coins Internet Auction # 775, 784/Lot# 1205 $68.00
2/16/2014 NGC AU 58   Heritage Auctions Internet Coin Auction Session(1), 131408/Lot# 24012 $105.75
5/11/2014 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 05/11/2014, 179/Lot# 192749 $49.00
8/1/2014 NGC AU 55   Stack's Bowers iAuction 3493, 6044/Lot# 20020 $158.63


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