Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 28,075,000
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 4.6700g
Diameter: 19mm
Edge: Plain
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1862 1C MS obverse 1862 1C MS reverse
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Description & Analysis

The coinage of cents rose in 1862 from the previous year's total, because uncertainty over the outcome of the Civil War and the value of paper money prompted their hoarding. In an attempt to counter the rapid depletion of cents in circulation, the Philadelphia Mint stepped up production. The new coins were hoarded just as readily as the old ones, and this had led to a high survival rate for Mint State 1862 cents.

Walter Breen reported the use of 197 obverse dies and 396 reverse dies for 1862 cents. Surprisingly, this high number resulted in very few varieties. The doubled-die reverse listed at left is the most desirable of these.

GRADE SUMMARY

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Price Guide

Last Updated: 8/12/2019

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

1862 1C MS
  GVGFVFXF505355586061626364656667686970
Base $ 9.00 11.00 13.50 25.00 45.00 70.00 75.00 85.00 100.00 120 130 160 250 475 1000 2200 8000 - - -
$ - - 80.00 90.00 110 - 140 200 265 575 1700 3900 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 2176
Low Grade: PrAg
Average Grade: 61
High Grade: 67

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 11/12/2019 1862 1C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base16157232439374511917814152361384545187345---2176
-----------------------
--------------1621----10
-----------------------
Total16157232439374511917814152361385551189355---2186
 0 %0 %1 %0 %1 %1 %2 %2 %2 %5 %8 %1 %7 %17 %18 %25 %9 %2 %0 %--- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/15/2003 PCGS MS 65   Goldberg September 15-17, 2003 Pre-Long Beach Coin and Currency Auction, 21/Lot# 52 $920.00
2/1/2010 PCGS AU 58   Teletrade Auction 2806, 2806/Lot# 1008 $149.50
5/29/2011 PCGS AU 50   Heritage Auctions Internet Coin Auction Session(1), 131123/Lot# 28005 $74.00
12/17/2013 PCGS MS 66   Bonhams Coins and Medals Featuring the Robbins Collection of US Gold Coins, 21037/Lot# 1026 $3,276.00
3/9/2014 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 03/09/2014, 167/Lot# 169314 $825.00
8/24/2014 NGC MS 66   David Lawrence Rare Coins Internet Auction # 818, 827/Lot# 777 $1,606.00
9/5/2014 PCGS MS 64   Stack's Bowers iAuction 3498, 6052/Lot# 20021 $293.75
9/26/2014 NGC MS 61   Stack's Bowers iAuction 3501, 6055/Lot# 20014 $88.13


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