diff --git a/types/coin.go b/types/coin.go
index e1ad00ec2..f269cec5e 100644
--- a/types/coin.go
+++ b/types/coin.go
@@ -142,12 +142,13 @@ func (coins Coins) IsValid() bool {
 	case 0:
 		return true
 	case 1:
-		return coins[0].IsPositive()
-	default:
 		if strings.ToLower(coins[0].Denom) != coins[0].Denom {
 			return false
 		}
-		if !coins[0].IsPositive() {
+		return coins[0].IsPositive()
+	default:
+		// Check single coin case
+		if !(Coins{coins[0]}).IsValid() {
 			return false
 		}
 		lowDenom := coins[0].Denom
diff --git a/types/coin_test.go b/types/coin_test.go
index 14d8925cc..3f69ad2cc 100644
--- a/types/coin_test.go
+++ b/types/coin_test.go
@@ -255,11 +255,18 @@ func TestCoins(t *testing.T) {
 		{"mineral", NewInt(1)},
 		{"tree", NewInt(1)},
 	}
-	mixedCase := Coins{
+	mixedCase1 := Coins{
 		{"gAs", NewInt(1)},
 		{"MineraL", NewInt(1)},
 		{"TREE", NewInt(1)},
 	}
+	mixedCase2 := Coins{
+		{"gAs", NewInt(1)},
+		{"mineral", NewInt(1)},
+	}
+	mixedCase3 := Coins{
+		{"gAs", NewInt(1)},
+	}
 	empty := Coins{
 		{"gold", NewInt(0)},
 	}
@@ -292,7 +299,9 @@ func TestCoins(t *testing.T) {
 	}
 
 	assert.True(t, good.IsValid(), "Coins are valid")
-	assert.False(t, mixedCase.IsValid(), "Coins denoms contain upper case characters")
+	assert.False(t, mixedCase1.IsValid(), "Coins denoms contain upper case characters")
+	assert.False(t, mixedCase2.IsValid(), "First Coins denoms contain upper case characters")
+	assert.False(t, mixedCase3.IsValid(), "Single denom in Coins contains upper case characters")
 	assert.True(t, good.IsPositive(), "Expected coins to be positive: %v", good)
 	assert.False(t, null.IsPositive(), "Expected coins to not be positive: %v", null)
 	assert.True(t, good.IsAllGTE(empty), "Expected %v to be >= %v", good, empty)