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Obverse of 1863 One Cent    


1863 ONE CENT

PCGS Nos: 2067, 2262

Mintage:

Circulation strikes: 49,840,000
Proofs: est. 460

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

Notes:
The finest Uncirculated examples graded by PCGS are 22 MS-66's.

The finest Proof example graded by PCGS is a single PR-67.

The finest Proof Cameo examples graded by PCGS are 4 PRCA-66's.

Images courtesy of Ira & Larry Goldberg Coins & Collectibles, Inc.

Varieties:
Repunched Date 1863/863
Repunched Date 1863/86

Significant examples:
Proof (illustrated above).  Ira & Larry Goldberg Coins & Collectibles, Inc.'s "The Benson Collection" Sale - Part 1, February 18-20, 2001

Recent appearances:
PCGS graded Proof 66.  Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, lot 1089, illustrated, where it was described as follows: "…A stunning deep mirror cameo gem! A touch of golden toning is visible on the obverse. This is an outstanding opportunity to acquire a high end example of a copper nickel Indian Cent. Only 6 example are currently graded by PCGS with one better.

Nearly the entire issue of 460 pieces was struck from a single set of dies. Later in the year a new set of regular proof dies were made to strike the bronze pattern issue, J-299 to test the feasibility of changing the composition of the cent from copper-nickel to bronze. About 100 bronze 1863 cents were struck with some examples sent to Treasury Secretary Salmon P. Chase on December 8th, 1863. This coin is struck with these same dies after this pattern press run. This coin is of course not a pattern, as it is struck on a copper-nickel planchet. It is interesting that it can be linked to the pattern issue. This is the only copper-nickel example from these dies that has been identified.

The die diagnostics for nearly all proofs of 1863 (PR-1) is unpolished centers in the final A in AMERICA. This example and the J-299 proofs show the center of the final A in AMERICA polished, with the lower loops of the 8 & 6 unpolished (PR-2).", sold for $5,060.00

PCGS Proof-65.  Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6649, illustrated, sold for $2,530.00

PCGS Proof-65.  Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 7615, illustrated, not sold

NGC Proof-64.  Stack's "The University of Notre Dame Sale", March 20-21, 2001:157, not plated, unsold

NGC Proof-64.  Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 1135, unsold

PCGS Proof-64.  Ira & Larry Goldberg Coin & Collectibles' "The Fairchild Family Trust Collection Sale", May 28-30, 2001, Lot 187, illustrated, sold for $862.00

Proof-60 Lightly Cleaned.  Ex - Heritage Numismatic Auctions, Inc.'s "Santa Clara Signature Sale", November 16-17, 2000, Lot 5103, not illustrated, sold for $272.55

PCGS MS-65.  Ex - Superior Galleries' "Pre-Long Beach Sale", October 1-3, 2000, Lot 4020, not illustrated, sold for $977.50

NGC MS-65.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 6593, not illustrated, sold for $862.50

NGC MS-65.  Ex - Bowers & Merena Galleries' "The Cabinet of Lucien M. LaRiviere, Part II", March 15-17, 2001, Lot 1136, sold for $690.00

PCGS MS-65.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 7526, not illustrated, sold for $690.00  Ex Newcomb

PCGS MS-65.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 7527, not illustrated, sold for $575.00

PCGS MS-65.  Ex - Heritage Numismatic Auctions, Inc.'s "Long Beach Signature Sale", May 31-June 2, 2001, Lot 7528, not illustrated, sold for $632.50

NGC MS-64.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 165, "1863 Repunched 86, Snow-4, FND-002, Rarity-6", illustrated, sold for $253.00

NGC MS-64.  Ex – American Numismatic Rarities, LLC’s “The Classics Sale,” July 25, 2003 , Lot 166, "1863 Doubled Die Reverse, Snow-10, FS1-006.46, 1-R-IV, Rarity-unassigned", illustrated, sold for $1,150.00

PCGS MS-64.  Ex - Ira & Larry Goldberg Coins & Collectibles, Inc.'s "Benson Collection, Part I", February 16, 18-20, 2001, Lot 1201, not illustrated, sold for $322.00  From the Howard R. Newcomb collection of Indian Cents, purchased June 30, 1944 from J.G. Macallister

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

"Flying Eagle and Indian Cent Varieties" by Larry R. Steve and Kevin J. Flynn

 
 

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