Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 28,075,000
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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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: 5/9/2016

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1862 1C MS
  GVGFVFXF505355586061626364656667686970
Base $ 9.00 11.00 14.00 25.00 45.00 70.00 75.00 85.00 100.00 120 130 185 250 400 1300 2700 12500 - - -
$ - - 80.00 90.00 110 - 140 210 265 440 1950 4250 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1982
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
9/1/1999 NGC MS 63   Teletrade Auction 1206, 1206/Lot# 1018 $141.70
1/25/2004 PCGS MS 64   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 1345 $253.00
7/31/2006 NGC MS 62   David Lawrence Rare Coins Internet Auction # 98, 103/Lot# 16 $116.15
10/23/2011 PCGS MS 62   Heritage Auctions Internet Coin Auction Session(2), 131144/Lot# 21040 $172.50
9/16/2012 NGC AU 55   Heritage Auctions Internet Coin Auction Session(2), 131239/Lot# 24581 $94.00
12/17/2013 PCGS MS 66   Bonhams Coins and Medals Featuring the Robbins Collection of US Gold Coins, 21037/Lot# 1026 $3,276.00
7/6/2014 PCGS MS 62   GreatCollections GreatCollections Coin Auctions 07/06/2014, 199/Lot# 194894 $203.50
6/30/2014 NGC AU 55   Stack's Bowers iAuction 3488, 6037/Lot# 20021 $56.40
11/6/2014 PCGS MS 67   Heritage Auctions 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills Session(2), 1211/Lot# 3580 $8,812.50


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