Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 28,075,000
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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1862 1C MS obverse 1862 1C MS reverse


  
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Description & Analysis

The coinage of cents rose in 1862 from the previous year's total, because uncertainty over the outcome of the Civil War and the value of paper money prompted their hoarding. In an attempt to counter the rapid depletion of cents in circulation, the Philadelphia Mint stepped up production. The new coins were hoarded just as readily as the old ones, and this had led to a high survival rate for Mint State 1862 cents.

Walter Breen reported the use of 197 obverse dies and 396 reverse dies for 1862 cents. Surprisingly, this high number resulted in very few varieties. The doubled-die reverse listed at left is the most desirable of these.

GRADE SUMMARY

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Price Guide

Last Updated: 8/27/2015

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1862 1C MS
  GVGFVFXF5053555861626364656667686970
Base $ 9.00 11.00 13.00 20.00 35.00 63.00 70.00 82.00 95.00 130 185 255 400 1275 2900 14500 - - -
$ 40.00 - 75.00 90.00 100.00 140 210 275 500 1950 6500 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1908
Low Grade: G
Average Grade: 62
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
10/14/2003 PCGS MS 63   Heritage Auctions Exclusively Internet Auction #23103, 23103/Lot# 13040 $149.50
5/30/2005 PCGS MS 63   Goldberg May 30 - June 16, 2005 Pre-Long Beach Coin Auction, 31/Lot# 33 $126.50
1/1/2012 PCGS Genuine Genuine   GreatCollections GreatCollections Coin Auctions 01/01/2012, 1/Lot# 30258 $36.00
3/11/2013 PCGS MS 63   Teletrade Auction 3421, 3421/Lot# 1053 $180.00
4/1/2013 PCGS MS 64   Teletrade Auction 3424, 3424/Lot# 1055 $470.00
6/23/2013 PCGS MS 63   David Lawrence Rare Coins Internet Auction # 757, 766/Lot# 13 $230.00
12/17/2013 PCGS MS 66   Bonhams Coins and Medals Featuring the Robbins Collection of US Gold Coins, 21037/Lot# 1026 $3,276.00
8/8/2014 NGC AU 58   Stack's Bowers iAuction 3494, 6045/Lot# 21096 $141.00
9/26/2014 NGC MS 61   Stack's Bowers iAuction 3501, 6055/Lot# 20014 $88.13


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