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: 1443
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
1/3/2007 PCGS MS 65   Heritage Auctions 2007 January Orlando, FL (FUN) Signature Coin Auction #422, 422/Lot# 476 $4,600.00
12/22/2008 NGC MS 64   David Lawrence Rare Coins Monday - Internet Auction # 312, 318/Lot# 38 $396.75
9/19/2010 PCGS MS 64   Goldberg September 19-21, 2010 Pre-Long Beach Coin Auction, 60/Lot# 3564 $368.00
2/23/2011 PCGS MS 63   Teletrade Auction 3020, 3020/Lot# 1020 $345.00
10/21/2012 PCGS AU 53   GreatCollections GreatCollections Coin Auctions 10/21/2012, 45/Lot# 79989 $88.60
1/4/2015 PCGS MS 64   Heritage Auctions Internet Coin Auction Session(2), 131502/Lot# 23835 $423.00
11/9/2015 NGC MS 63   Stack's Bowers November 2015 Baltimore, 6110/Lot# 24630 $282.00
1/6/2016 PCGS MS 66   Heritage Auctions 2016 January 6 - 11 FUN US Coins Signature Auction - Tampa Session(3), 1231/Lot# 4475 $2,585.00


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