Previous Date | Next Date | Indian Head Cents by Date | Small Cents by Type

Obverse of 1860 One Cent     Reverse of 1860 One Cent


1860 ONE CENT

PCGS Nos: 2058, 2253

Mintage:

Circulation strikes: 20,566,000
Proofs: est. 1,000

Designer: James B. Longacre

Diameter: 19 millimeters

Metal content:
Copper - 88%
Nickel - 12%

Weight: 72 grains (4.67 grams)

Edge: Plain

Mintmark: None (for Philadelphia) below the bow of the wreath on the reverse

Varieties:
Pointed Bust 
Rounded Bust

Notes:
The finest Uncirculated 1860 One Cents graded by PCGS are 7 MS-67's.

The finest Uncirculated "Pt. Bust" example graded by PCGS is a single MS-67.

The finest Proof 1860 One Cents graded by PCGS are 4 PR-66's.

The finest Proof Cameo 1860 One Cents graded by PCGS is a single PR-66CA.

Recent appearances:
PCGS graded Proof 65.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, lot 1085, illustrated, where it was described as follows: "…A visually appealing example with moderate mirrors and exceptional eye appeal. The surfaces are free of any contact marks. The coin exhibits a beautiful light golden tone. The first year of the series featuring the Lady Liberty in a Native American headdress paired with the new reverse featuring a wreath of oak with a sprig of olive and three arrows knotted at the base with a ribbon. The federal shield of the Union is featured above the wreath. This design is continued until the end of the series, with minor modifications along the way.  This is a very tough date to find in full gem condition. The majority of the estimated mintage of 542 was struck only once, imparting an impression that usually did not strike out all of the planchet marks. The quality of the 1860 issue is always somewhat lacking in the quality seen up to 1859 and after 1861. They are nearly always seen with mirrors that are only moderate and edges that are rounded, which is why these are sometimes confused as being prooflike strikings. The population figures bear this out with only 19 examples presently graded with 2 better by PCGS.  In early 1860 the portrait was redesigned significantly for some unknown reason. The main difference in the two designs is the shape of the bust truncation. The type of 1859 has a short pointed bust truncation. The type adopted in 1860 has a more rounded bust point. All proofs are struck from the rounded bust design.", sold for $4,370.00

PCGS Proof-64.  Ex- Heritage Numismatic Auctions, Inc.'s "Long Beach Sale" October 5-7, 2000, Lot 5917, not plated, unsold

PCGS MS-66.  Ex - Bowers and Merena Galleries "The Rarities Sale", July 31, 2002, Lot 52, illustrated, sold for $1,955.00

NGC MS-66.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6589, not illustrated, sold for $1,293.75

PCGS graded MS-65.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, lot 1086, illustrated, where it was described as follows: "Pointed bust…A beautiful example with a great strike and soft satiny cartwheel luster. A very scarce date and one of the finest known. Until the early 1990's this as considered a very rare variety, and was listed in Breen's Encyclopedia as such. The reality is, however that this is really a separate entry into the regular date set of Indian Cents. It is as dramatic and different a design as the 1864 With L is from the 1864 No L type. Starting in 1994, this type was included in the "Guide book of United States Coins" - The Red Book. Since then collectors have started including this coin in their sets, many of which were previously thought to be complete.  The "Pointed Bust" style refers to the narrower bust truncation as used in 1859. One may label this as the "type of 1859". The redesign to the broad bust point in 1860 seems to have come early in the year. Perhaps the 6 known obverse dies that struck the 1860 pointed busts were undated dies leftover from 1859. In any event the coin was struck in large enough quantities to satisfy most collectors demand, but a small enough quantity to make it one of the key dates of the series. The estimated original mintage is about 1/2 million to 1 million pieces, making it about between 20 to 40 times rarer than the broad bust point pieces.", sold for $6,325.00

PCGS MS-65.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 1195,  illustrated, sold for $805.00  From the Howard R. Newcomb collection of Indian Cents, purchased June 30,1944 from J.G. Macallister

PCGS MS-65.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 7520, not illustrated, sold for $862.50

PCGS MS-65.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 7521, not illustrated, sold for $806.15  Ex Newcomb

PCGS MS-65.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part III", May 21, 2001, Lot 1350, "Rounded Bust", illustrated, sold for $690.00

MS-65.  Ex - Bowers & Merena Galleries' "The Lake Geneva Sale", June 28-29, 2001, Lot 136, "Rounded Bust", not illustrated, sold for $1,610.00

PCGS MS-64.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 161, "Type I, Pointed Bust, Snow's Die Pair-unlisted, Rarity-unassigned", illustrated, sold for $3,680.00

MS-64.  Ex - Heritage Numismatic Auctions, Inc.'s "Santa Clara Signature Sale", November 16-17, 2000, Lot 5063, not illustrated, sold for $322.00

MS-64.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 1126, sold for $690.00

MS-63.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 5416, not plated, sold for $189.75

NGC MS-63.  Ex- Heritage Numismatic Auctions, Inc.'s "Long Beach Sale" October 5-7, 2000, Lot 5899, not plated, sold for $276.00

MS-63.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 1127, sold for $506.00

Sources and/or recommended reading:
"The PCGS Population Report, October 2003" by The Professional Coin Grading Service