Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 49,840,000
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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1863 1C MS obverse 1863 1C MS reverse


  
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Description & Analysis

With silver coins worth more than their face value in green backs and thus unable to circulate, the Mint cranked out vast numbers of cents during 1863 in an attempt to provide small change. The mintage for 1863 cents set a record for a single emission that lasted until 1890. Desperate merchants took to bagging these coins in amounts of 25 or 50 cents as replacements for quarters and halves, a practice that lasted until fractional paper money filled the void.

With nearly 50 million cents coined in 1863, the dies were overworked, and many examples surviving in Mint State show noticeable die erosion. Examples in all grades short of MS-65 are nonetheless plentiful.

Popular varieties for this date are listed at left.

GRADE SUMMARY

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Price Guide

Last Updated: 5/9/2016

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1863 1C MS
  GVGFVFXF5053555861626364656667686970
Base $ 9.00 11.00 14.00 25.00 45.00 70.00 75.00 85.00 100.00 130 185 260 415 1175 2800 13000 - - -
$ - - 80.00 90.00 110 140 200 275 445 1450 5200 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 2552
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
1/3/2000 PCGS MS 63   Teletrade Auction 1255, 1255/Lot# 1017 $109.00
6/28/2005 PCGS MS 64   Heritage Auctions Exclusively Internet Auction #25071, 25071/Lot# 11067 $316.25
9/15/2008 NGC MS 64   David Lawrence Rare Coins Monday - Internet Auction # 283, 289/Lot# 15 $310.50
9/4/2011 PCGS MS 63   Goldberg September 4-6, 2011 The Pre-Long Beach Auction, 65/Lot# 677 $207.00
12/4/2011 PCGS AU 55   GreatCollections GreatCollections Coin Auctions 12/04/2011, 147/Lot# 21030 $81.15
10/17/2012 NGC MS 65   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 508 $747.50
10/18/2012 NGC MS 65   Heritage Auctions 2012 October 18-21 ANA US Coins Signature Auction - Dallas Session(1), 1175/Lot# 3171 $763.75
8/17/2014 PCGS AU 58   Heritage Auctions Internet Coin Auction Session(1), 131434/Lot# 27015 $80.00


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