Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 13,740,000
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 3.1100g
Diameter: 19mm
Edge: Plain
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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: 8/13/2019

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

1864 COPPER NICKEL 1C MS
  GVGFVFXF505355586061626364656667686970
Base $ 20.00 28.00 38.00 62.00 95.00 105 115 160 165 200 210 260 360 615 1300 3000 22500 - - -
$ - - 120 160 175 - 215 265 375 700 1900 4600 - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 1738
Low Grade: PrAg
Average Grade: 61
High Grade: 67

The chart showing PrAg series, 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: 3/2/2021 1864 COPPER NICKEL 1C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base161379162612136861346105264314392123141---1737
---------------1-1----2
--------------171-----9
-----------------------
Total161379162612136861346105264315400124151---1748
 0%0%1%0%5%4%3%1%2%5%8%0%6%15%18%23%7%1%0%--- 
1864 COPPER NICKEL 1C MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---------------1------1
-----------------------
-----------------------
-----------------------
Total---------------1------1
 ---------------100%------ 

NGC Registry

NGC Registry Score 1864 COPPER NICKEL 1C MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base5472106159220330348363395512551579629774105113792417364274037804847810849
6083124179257336353374434525560596677866116017252825489675378029926811391
00000035337443452556059667786611601725282548967537802900
00000035838447353857061272695912702071323461497670825300
1864 COPPER NICKEL 1C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base50639814320130432033636647751553958672599013032302348671387529818510497
5475113162235309325346403490523555632813109416362697470372687748895611022
00000032534640349052355563281310941636269747037268774800
00000033135644050253157067990211991969309159217399796600
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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.