Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 49,840,000
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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1863 1C MS obverse 1863 1C MS reverse


  
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Description & Analysis

With silver coins worth more than their face value in green backs and thus unable to circulate, the Mint cranked out vast numbers of cents during 1863 in an attempt to provide small change. The mintage for 1863 cents set a record for a single emission that lasted until 1890. Desperate merchants took to bagging these coins in amounts of 25 or 50 cents as replacements for quarters and halves, a practice that lasted until fractional paper money filled the void.

With nearly 50 million cents coined in 1863, the dies were overworked, and many examples surviving in Mint State show noticeable die erosion. Examples in all grades short of MS-65 are nonetheless plentiful.

Popular varieties for this date are listed at left.

GRADE SUMMARY

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Price Guide

Last Updated: 5/9/2016

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1863 1C MS
  GVGFVFXF505355586061626364656667686970
Base $ 9.00 11.00 14.00 25.00 45.00 70.00 75.00 85.00 100.00 120 130 185 260 415 1175 2800 13000 - - -
$ - - 80.00 90.00 110 - 140 200 275 445 1450 5200 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 2590
Low Grade: G
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
9/15/2003 PCGS MS 65   Goldberg September 15-17, 2003 Pre-Long Beach Coin and Currency Auction, 21/Lot# 53 $862.50
1/25/2009 PCGS MS 63   Teletrade Auction 2644, 2644/Lot# 1012 $161.00
7/12/2012 PCGS MS 63   Heritage Auctions 2012 July 12-15 US Coin Summer FUN Signature Auction - Orlando Session(4), 1172/Lot# 7141 $184.00
4/24/2013 PCGS MS 65   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(1), 1184/Lot# 1150 $775.50
10/27/2013 PCGS MS 65   David Lawrence Rare Coins Internet Auction # 775, 784/Lot# 1206 $800.00
12/29/2013 PCGS MS 65   GreatCollections GreatCollections Coin Auctions 12/29/2013, 170/Lot# 156284 $836.00
10/27/2014 NGC MS 63   Heritage Auctions 2014 October 27 The Eugene H. Gardner Collection II US Coins Signature Auction - New York Session(1), 1214/Lot# 98068 $258.50
10/10/2014 PCGS MS 63   Stack's Bowers November Baltimore 2014, 6039/Lot# 14390 $164.50


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