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.


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Price Guide

Last Updated: 5/9/2016

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

1862 1C MS
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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Total Graded: 1990
Low Grade: PrAg
Average Grade: 61
High Grade: 67

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
6/30/1997 NGC MS 64   Teletrade Auction 0958, 958/Lot# 1007 $174.40
8/18/2004 PCGS MS 66   Heritage Auctions 2004 August Pittsburgh, PA Signature Sale #352, 352/Lot# 5160 $3,220.00
2/11/2007 PCGS MS 65   Goldberg February 11-14, 2007 Pre-Long Beach Coin and Currency Auction, 39/Lot# 932 $1,150.00
9/23/2012 PCGS AU 50   Heritage Auctions Internet Coin Auction Session(2), 131240/Lot# 26821 $69.00
12/1/2013 NGC Details UNC Details  GreatCollections GreatCollections Coin Auctions 12/01/2013, 103/Lot# 154695 $89.10
12/17/2013 PCGS MS 66   Bonhams Coins and Medals Featuring the Robbins Collection of US Gold Coins, 21037/Lot# 1026 $3,276.00
1/26/2014 PCGS MS 64   David Lawrence Rare Coins Internet Auction # 788, 797/Lot# 509 $350.00
9/5/2014 PCGS MS 64   Stack's Bowers iAuction 3498, 6052/Lot# 20021 $293.75
2/22/2015 NGC MS 62   Heritage Auctions Internet Coin Auction Session(1), 131509/Lot# 21019 $141.00

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