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

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: 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
12/8/1997 NGC MS 63   Teletrade Auction 1004, 1004/Lot# 1008 $109.00
2/10/2008 NGC MS 65   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 1759 $718.75
6/9/2013 PCGS XF 40   GreatCollections GreatCollections Coin Auctions 06/09/2013, 78/Lot# 115192 $86.46
12/8/2013 PCGS AU 58   David Lawrence Rare Coins Internet Auction # 781, 790/Lot# 503 $243.98
7/11/2014 NGC XF 45   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 5140 $111.63
8/17/2014 PCGS MS 65   Heritage Auctions Internet Coin Auction Session(2), 131434/Lot# 27583 $2,408.75
2/8/2015 NGC Details UNC Details  Heritage Auctions Internet Coin Auction Session(1), 131507/Lot# 25013 $141.00
7/20/2015 PCGS   Stack's Bowers July 2015 Baltimore Auction, 6105/Lot# 30539 $299.63


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