Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 49,840,000
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 4.6700g
Diameter: 19mm
Edge: Plain
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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: 8/12/2019

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

1863 1C MS
  GVGFVFXF505355586061626364656667686970
Base $ 9.00 11.00 13.50 25.00 45.00 70.00 75.00 85.00 100.00 120 130 185 240 375 1000 2500 10000 - - -
$ - - 80.00 90.00 110 - 140 200 275 500 1400 4800 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 2865
Low Grade: G
Average Grade: 61
High Grade: 67

The chart showing 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: 11/19/2019 1863 1C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-618437355535661422719191500572677223222---2865
----------------21----3
--------------11563----25
-----------------------
Total-618437355535661422719191500573692231262---2893
 -0 %1 %0 %1 %1 %2 %1 %2 %5 %9 %0 %7 %17 %20 %24 %8 %1 %0 %--- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
7/6/2004 PCGS MS 64   Heritage Auctions Exclusively Internet Auction #24072, 24072/Lot# 13053 $232.30
6/4/2006 PCGS VF 25   Teletrade Auction 2213, 2213/Lot# 1014 $35.00
1/8/2009 NGC AU 55   David Lawrence Rare Coins Thursday - Internet Auction # 319, 325/Lot# 5115 $63.25
9/6/2009 NGC MS 65   Goldberg September 6-8, 2009 Pre-Long Beach Coin and Currency Auction, 54/Lot# 2427 $978.00
5/27/2012 NGC MS 63   Goldberg May 27-31, 2012 The May Pre-Long Beach Auction, 69/Lot# 1067 $978.00
7/13/2014 PCGS MS 64   GreatCollections GreatCollections Coin Auctions 07/13/2014, 203/Lot# 206824 $331.10
10/10/2014 NGC AU 58   Stack's Bowers iAuction 3503, 6057/Lot# 20033 $52.88
11/6/2014 PCGS MS 66   Heritage Auctions 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills Session(1), 1211/Lot# 3047 $1,997.50


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