Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 20,566,000
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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1860 1C MS obverse 1860 1C MS reverse


  
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Description & Analysis

By 1860 the Mint's program of retiring the old copper cents and half cents was largely complete, and merchants began to complain about a redundancy of the new small cents. These coins were not redeemable at the Treasury, so the existing stock forced a reduction in the number minted for 1860.

A mintage of 20+ million coins was still fairly large for the times, so this issue is not rare in any grade short of MS-65. Most examples are well struck and have pleasing luster.

A major variety for this date displays the old style bust used in 1859, with a pointed tip to Liberty's bust (photos). Just a few working dies were hubbed from this bust before a new one was adopted having a rounded tip, and the majority of 1860 cents have the rounded bust.

GRADE SUMMARY

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Price Guide

Last Updated: 5/9/2016

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1860 1C MS
  GVGFVFXF5053555861626364656667686970
Base $ 12.00 15.00 21.00 35.00 70.00 100.00 110 135 175 225 260 340 550 1400 3650 19500 - - -
$ - - 115 145 180 235 280 385 750 1800 4900 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1434
Low Grade: PrAg
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
5/28/2003 PCGS MS 65   Heritage Auctions 2003 May Long Beach Signature Sale #324, 324/Lot# 5194 $747.50
5/31/2004 NGC MS 64   Goldberg May 31 - June 2, 2004 Pre-Long Beach Coin and Currency Auction, 25/Lot# 87 $265.00
9/9/2004 PCGS MS 65   Heritage Auctions 2004 September Long Beach Signature Sale #355, 355/Lot# 5151 $718.75
7/30/2006 PCGS MS 65   Teletrade Auction 2238, 2238/Lot# 1005 $1,008.00
6/24/2012 PCGS MS 66   GreatCollections GreatCollections Coin Auctions 06/24/2012, 28/Lot# 54136 $2,612.50
12/8/2013 PCGS AU 58   David Lawrence Rare Coins Internet Auction # 781, 790/Lot# 503 $243.98
8/11/2015 NGC MS 65   Stack's Bowers 2015 Chicago ANA, 6104/Lot# 146 $2,820.00


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