1864 1C Copper-Nickel (Regular Strike)

**1864 1C Copper-Nickel (Regular Strike) Numismatic Perspective:** The 1864 1-cent copper-nickel, often termed as the Indian Head Cent, holds a unique position in United States numismatic history. Known for its distinctive alloy combining 88% copper and 12% nickel, this coin marked a transitional epoch before the much-admired bronze version later in the same year. **Historical Context:** The year 1864 was a pivotal one, signifying the height of the American Civil War, which led to increased demand for small denomination coins. The use of copper-nickel was favored initially due to its durability compared to the earlier copper coins introduced in the late 1850s. However, due to its cost and difficulty in minting, the U.S. Mint switched to a bronze composition mid-year. **Rarity and Appeal:** As a result of the 1864 transition from copper-nickel to bronze, the 1864 copper-nickel cent is slightly scarce compared to its bronze counterparts. Its rarity makes it a coveted specimen among collectors, especially in higher grades. Collectors particularly seek examples that exhibit sharp strikes and maintain their original luster, which becomes the epitome of eye appeal in numismatic circles. **Mintage and Mint:** The Philadelphia Mint produced the 1864 copper-nickel cents, and according to available records, its mintage stands at approximately 13,740,000 pieces. This figure underlines its lower-end rarity when juxtaposed against more frequently minted contemporary coins. **PCGS Classification:** According to PCGS CoinFacts, this particular coin is classified under PCGS #2071. The grading by PCGS can significantly affect the value of the coin, especially when considering its scarcity in Mint State conditions. **Market Value and Sales:** The value of 1864 1-cent copper-nickel coins can vary widely based on the coin's grade and market conditions. Generally, circulated coins can range from modest amounts to several hundred dollars, while those in uncirculated or higher mint states can fetch thousands of dollars at auctions. Notable sales have demonstrated this coin's upward trajectory in value. For instance, MS66 graded versions have seen auction prices exceeding $6,000. Heritage Auctions has been a common platform offering such pieces, and these sales highlight the strong investment appeal due to their rarity and the historic significance of the Civil War era. **Collecting Insights:** For numismatists, the 1864 1-cent copper-nickel coin acts as a fascinating study in minting metallurgy changes and economic challenges of the era. Collectors often align this interest with the broader context of Civil War coinage, owing to its significance both historically and materially. Collectors are also advised to be vigilant for counterfeits, given the coin’s popularity and historical significance. Authenticating your collection with respected grading services like PCGS or NGC can safeguard against potential market pitfalls. Proper care and storage, avoiding environmental factors that may tarnish the coin, will help maintain its aesthetic value over time. By understanding these factors, collectors not only safeguard their investments but also deepen their appreciation of one of the U.S. Mint's pivotal numismatic productions.