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: 5/9/2016

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

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: 1472
Low Grade: PrAg
Average Grade: 61
High Grade: 67


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
2/19/2017 MS 63   Heritage Auctions 2017 February 16 - 19 Long Beach Expo US Coins Signature Auction - Long Beach Session(6), 1252/Lot# 7051


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/8/2006 NGC XF 40   David Lawrence Rare Coins Internet Auction # 86, 91/Lot# 20 $71.30
9/19/2010 PCGS MS 64   Goldberg September 19-21, 2010 Pre-Long Beach Coin Auction, 60/Lot# 3564 $368.00
7/16/2012 PCGS AU 50   Teletrade Auction 3312, 3312/Lot# 1037 $65.00
10/18/2012 NGC MS 61   Heritage Auctions 2012 October 18-21 ANA US Coins Signature Auction - Dallas Session(5), 1175/Lot# 7196 $152.75
5/4/2014 PCGS AU 55   GreatCollections GreatCollections Coin Auctions 05/04/2014, 169/Lot# 191389 $148.50
8/1/2014 NGC XF 45   Stack's Bowers iAuction 3493, 6044/Lot# 20022 $109.28
7/31/2016 NGC AU 55   Heritage Auctions Internet Coin Auction Session(1), 131632/Lot# 23012 $94.00


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