Coin Specifications

Category: Indian Cents (1859-1909)
Mint: Philadelphia
Mintage: 13,740,000
Catalog: KM-90
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Copper-Nickel
Weight: 3.1100g
Diameter: 19mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
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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: 6/18/2015

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1864 COPPER NICKEL 1C MS
  GVGFVFXF5053555861626364656667686970
Base $ 16.00 24.00 35.00 50.00 80.00 90.00 100.00 140 155 185 250 400 625 1750 4100 22500 - - -
$ 85.00 - 110 150 160 205 280 500 750 2600 8500 - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 1562
Low Grade: G
Average Grade: 61
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/27/1996 NGC MS 61   Teletrade Auction 0897, 897/Lot# 1008 $163.50
6/2/2005 NGC MS 66   Heritage Auctions 2005 June Long Beach Signature Auction #376, 376/Lot# 5134 $2,300.00
9/4/2006 NGC MS 65   David Lawrence Rare Coins Internet Auction # 103, 108/Lot# 15 $1,000.50
9/19/2010 NGC MS 65   Goldberg $1,208.00
11/20/2011 PCGS AU 58   Heritage Auctions Internet Coin Auction Session(1), 131148/Lot# 28013 $149.50
12/8/2011 PCGS MS 65   Heritage Auctions 2011 December 8-11 US Coins Signature Auction- New York Session(1), 1162/Lot# 3062 $1,955.00
6/3/2012 PCGS AU 58   GreatCollections GreatCollections Coin Auctions 06/03/2012, 25/Lot# 54837 $148.50
9/19/2014 NGC XF 40   Stack's Bowers iAuction 3500, 6054/Lot# 22035 $64.63


NGC Registry

NGC Registry Score 1864 COPPER NICKEL 1C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base50639814320130432033636647751553958672599013032302348671387529818510497
547511316223530932534640349052355563281310941636269747037268774889560
00000032534640349052355563281310941636269747037268774800
00000033135644050253157067990211991969309159217399796600
1864 COPPER NICKEL 1C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base5472106159220330348363395512551579629774105113792417364274037804847810849
608312417925733635337443452556059667786611601725282548967537802992680
00000035337443452556059667786611601725282548967537802900
00000035838447353857061272695912702071323461497670825300
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