Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 13,740,000
Catalog: KM-90
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 3.1100g
Diameter: 19mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
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1864 COPPER NICKEL 1C MS obverse 1864 COPPER NICKEL 1C MS reverse


  
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Description & Analysis

The hoarding of cents continued unabated during 1864, and various merchants had already resorted to issuing thin, copper tokens of cent size to make change. Unlike the federal issues, which had contained nearly one cent's worth of metal before the war, these tokens were worth just a fraction of their nominal value and circulated freely. Congress took notice of their success and passed a new act replacing the copper-nickel cent with one of bronze that was similar to the ubiquitous tokens.

In the early months of 1864, before the new law became effective, over 13 million copper-nickel cents were coined for circulation. Like their predecessors, these were mostly hoarded at the time, though the abundance of worn examples prove that these did return to circulation once the money crisis had passed.

The 1864 "nickels" seem to have been made in haste, with most examples being weakly struck from overused dies. Slightly scarce as a date due to its low mintage, this issue is also challenging to find with full luster and a sharp strike.

GRADE SUMMARY

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Price Guide

Last Updated: 5/9/2016

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

1864 COPPER NICKEL 1C MS
  GVGFVFXF505355586061626364656667686970
Base $ 18.00 28.00 38.00 58.00 90.00 100.00 110 150 165 190 200 250 340 625 1750 3800 22500 - - -
$ - - 120 160 175 - 215 265 375 725 2000 5000 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1585
Low Grade: G
Average Grade: 61
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
10/30/1996 PCGS AU 50   Teletrade Auction 0889, 889/Lot# 1019 $65.40
5/27/2012 PCGS MS 64   Goldberg May 27-31, 2012 The May Pre-Long Beach Auction, 69/Lot# 439 $483.00
1/13/2013 PCGS Genuine XF   GreatCollections GreatCollections Coin Auctions 01/13/2013, 57/Lot# 79990 $55.00
2/7/2013 NGC MS 65   Heritage Auctions 2013 February 7 -8 & 10 US Coin Signature Auction - Long Beach Session(1), 1182/Lot# 3099 $1,116.25
2/22/2013 NGC MS 62   Stack's Bowers The March 2013 Baltimore Auction, 181/Lot# 6537 $225.60
5/11/2014 PCGS AU 55   GreatCollections GreatCollections Coin Auctions 05/11/2014, 179/Lot# 192747 $179.43
10/5/2014 PCGS MS 63   David Lawrence Rare Coins Internet Auction # 824, 833/Lot# 25 $360.00
10/10/2014 NGC AU 53   Stack's Bowers November Baltimore 2014, 6039/Lot# 14396 $88.13
8/10/2016 PCGS MS 66   Heritage Auctions 2016 August 10 - 14 ANA US Coins Signature Auction - Anaheim Session(1), 1238/Lot# 3121 $3,172.50


NGC Registry

NGC Registry Score 1864 COPPER NICKEL 1C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base50639814320130432033636647751553958672599013032302348671387529818510497
547511316223530932534640349052355563281310941636269747037268774889560
00000032534640349052355563281310941636269747037268774800
00000033135644050253157067990211991969309159217399796600
1864 COPPER NICKEL 1C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base5472106159220330348363395512551579629774105113792417364274037804847810849
608312417925733635337443452556059667786611601725282548967537802992680
00000035337443452556059667786611601725282548967537802900
00000035838447353857061272695912702071323461497670825300
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