The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
The final issue of this metal composition and the second lowest mintage to just the 1861. Slightly more common than the 1861 but more popular because of this massive change in the production of Indian Cents in 1864. Gems are scarce with the finest of those being quite rare.
Obverse Description
A portrait bearing the likeness of a Native American in full headdress framed by the words UNITED STATES OF AMERICA around the periphery. The date is centered at the bottom under the portrait.
Reverse Description
The reverse bears the denomination of ONE CENT in the center surrounded by a wreath bearing a ribbon with arrows tied in at the bottom center.
Book Reference
1864 Copper-Nickel Cent Production: Due to inaction on the part of Congress, the Mint was required to continue striking the copper-nickel cents in 1864. They were bought up by speculators and offered to the public only at a premium, even though their bullion value never reached a point where it was profitable to melt them down. These coins traded at a premium because the alternatives in circulation were worse. Merchants and their customers had to deal with paper money that seemed to lose value every week. Small change was made with postage stamps, Fractional Currency notes, and private copper tokens. When it came to silver and gold, any holder of federal coins could expect to get favorable discounts from merchants for using them instead of the alternatives. The copper-nickel cents were last struck in May.
Survivability: Almost all 1864 cents were removed from circulation as soon as they were released. After the war, they came out and circulated extensively for about ten more years. Examples that escaped the recoinage redemption of the 1870’s may have circulated for another 20 more years. (For a record of minor coins redeemed from 1871 to 1881, see page 102.)
Collecting Challenges: This is one of the toughest dates in the copper-nickel series to find with attractive eye appeal. As such, collectors should put more effort into finding this date with a sharp strike and attractive luster.
Collecting Circulated Pieces: The optimal collecting grade for circulated coins is EF-40. Examples are typically mushy with average strikes. Searching for early-diestate examples will take some patience.
Collecting Mint State Pieces: The optimal collecting grade for Mint State coins is MS-64. These typically lack eye appeal. Many are struck with worn dies and exhibit a grayish color. Search out examples with better luster and a sharp strike.
Collecting Proof Issues: These tend to be of a very high quality. They are a bit more common than the Proof cents of 1863, probably due to a higher survivability rate. High-grade coins usually come with deep mirrors. Cameo contrast is available on about 50% of these.
The year sets sold by the Mint were usually produced early in the year. Therefore most sets contained only one cent, the copper-nickel cent.
VARIETIES:
There are only a few minor repunched dates known. A defective digit punch has what looks like repunching under the horizontal bar of the 4. Since the defect is on the punch, many dies show this feature.
Greysheet Catalog ID (GSIDSM) is the universal standard for cataloging and identification of U.S. and World Coins and Bank
Notes. Visit greysheet.com/gsid for details.
GREYSHEET ID:
Catalog Information
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Subject: I would like to contribute catalog info to CDN for 1864 1c Copper Nickel MS
Body: Referring page: http://dev.greysheet.com/prices/item/1864-copper-nickel-united-states-indian-cent/gsid/1295 GSID: 1295 Title: 1864 1c Copper Nickel MS
View more data, info, and visualizations. Get access to retail and wholesale pricing as well as auction data.
Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS67 |
|
$24,000 | $1,234 |
| MS67 | - | $19,000 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
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