Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 10,100,000
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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1861 1C MS obverse 1861 1C MS reverse


  
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Description & Analysis

The mintage of cents fell to just over 10 million pieces in 1861, making this date the scarcest issue of the short-lived copper-nickel Indian Cent series. The huge number of small cents coined 1857-59 was sufficient to fill the market demand, and this accounts for the relatively low production in 1861.

The 1861 cent is not a truly rare coin, even in Mint State, due to an unusual situation that developed the following year. With the onset of the Civil War gold and silver coins were hoarded, and this practice ultimately spread to the humble cent. Many 1861 cents thus never had the chance to become worn.

This date is not notable for many varieties, due to the smaller number of dies used, but the repunched date listed at left is a popular one.

GRADE SUMMARY

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Price Guide

Last Updated: 5/9/2016

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1861 1C MS
  GVGFVFXF505355586061626364656667686970
Base $ 20.00 30.00 45.00 65.00 100.00 155 170 180 200 225 250 295 450 725 1800 3100 16000 70000 - -
$ - - 175 190 210 - 260 315 485 850 2000 5350 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1210
Low Grade: PrAg
Average Grade: 60
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
12/31/1997 NGC MS 64   Teletrade Auction 1011, 1011/Lot# 1032 $207.10
6/27/2005 NGC MS 63   David Lawrence Rare Coins Auction 43: The Cook Family Collection, 47/Lot# 45 $189.75
1/3/2006 NGC MS 65   Heritage Auctions 2006 January Orlando, FL (FUN) Signature Auction #394, 394/Lot# 707 $632.50
11/9/2010 NGC AU 58   Stack's Bowers The November 2010 Baltimore Online Session, 69/Lot# 10054 $120.75
4/9/2012 PCGS AU 58   Teletrade Auction 3256, 3256/Lot# 1047 $120.00
3/2/2014 NGC XF 45   GreatCollections GreatCollections Coin Auctions 03/02/2014, 182/Lot# 171925 $93.50
9/22/2014 NGC MS 65   Goldberg September 22-25, 2013 September Pre Long Beach, 75/Lot# 1080 $1,035.00
11/14/2014 NGC XF 45   Stack's Bowers iAuction 3508, 6062/Lot# 20027 $76.38


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