Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 10,100,000
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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1861 1C MS obverse 1861 1C MS reverse


  
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Description & Analysis

The mintage of cents fell to just over 10 million pieces in 1861, making this date the scarcest issue of the short-lived copper-nickel Indian Cent series. The huge number of small cents coined 1857-59 was sufficient to fill the market demand, and this accounts for the relatively low production in 1861.

The 1861 cent is not a truly rare coin, even in Mint State, due to an unusual situation that developed the following year. With the onset of the Civil War gold and silver coins were hoarded, and this practice ultimately spread to the humble cent. Many 1861 cents thus never had the chance to become worn.

This date is not notable for many varieties, due to the smaller number of dies used, but the repunched date listed at left is a popular one.

GRADE SUMMARY

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Price Guide

Last Updated: 5/9/2016

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1861 1C MS
  GVGFVFXF5053555861626364656667686970
Base $ 20.00 30.00 45.00 65.00 100.00 155 170 180 200 250 295 450 725 1800 3100 16000 70000 - -
$ - - 175 190 210 260 315 485 850 2000 5350 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1197
Low Grade: PrAg
Average Grade: 60
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
7/18/2005 PCGS MS 63   Teletrade Auction 2067, 2067/Lot# 1007 $176.00
12/18/2008 NGC AU 50   David Lawrence Rare Coins Thursday - Internet Auction # 310, 316/Lot# 5079 $143.75
9/19/2010 NGC MS 66   Goldberg $1,725.00
10/17/2012 PCGS XF 45   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 24098 $88.13
4/21/2013 PCGS AU 55   Heritage Auctions Internet Coin Auction Session(2), 131318/Lot# 28749 $135.13
6/22/2014 NGC MS 65   GreatCollections GreatCollections Coin Auctions 06/22/2014, 200/Lot# 202492 $1,027.40
11/7/2014 NGC VF 25   Stack's Bowers iAuction 3507, 6061/Lot# 23036 $30.55
2/4/2016 PCGS MS 64   Heritage Auctions 2016 February 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1232/Lot# 7039 $998.75


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