1859 1C (Proof)

The 1859 1C (Proof) Indian Head Cent is a numismatic treasure with a captivating history and exquisite craftsmanship. Struck at the Philadelphia Mint, this proof coin is notable for being among the earliest examples of the Indian Head Cent series. The 1859 issue marks the inaugural year of this iconic design created by Chief Engraver James Barton Longacre. Unlike its later counterparts, the 1859 cent features the laurel wreath reverse design, which was used only for this one year, making it distinct and particularly sought after by collectors. ### Rarity and Mintage The rarity of the 1859 Proof Indian Head Cent stems from its limited mintage and historical context. According to PCGS Coin Facts, the official mintage for the proof issue was sparsely documented and remains somewhat speculative, but estimates suggest fewer than 800 specimens were struck. The vast majority of these may have been included in proof sets sold to collectors during that period. Due to this low mintage and the passage of time, surviving examples are scarce, and high-grade specimens are even rarer, elevating their desirability significantly. ### Value and Historical Sales The value of the 1859 1C (Proof) Indian Head Cent can vary widely based on its condition and the market demand at the time of sale. In recent auctions, examples in higher grades, such as Proof 65 or higher, have commanded impressive prices, often reaching tens of thousands of dollars. Noteworthy sales include a PF66 example that realized $36,000, emphasizing the robust interest among collectors. Prices for lower-grade specimens, such as PF60, can range from $6,000 to $8,000, indicative of the coin's consistent appeal across conditions. ### Numismatist's Perspective From a numismatist's point of view, the 1859 Proof Indian Head Cent holds considerable significance due to its place at the beginning of a beloved series that spanned from 1859 to 1909. The transition from the Flying Eagle to the Indian Head design represents a pivotal moment in American numismatics, capturing the essence of 19th-century artistry and symbolism. The delicate, mirror-like surfaces of proof coins from this era serve as a testament to the skill and artistry of the mint's craftsmen. Collecting proof Indian Head Cents, particularly those from the first year, provides insight into America's economic and cultural changes as the nation approached the Civil War period. Each coin is a tangible piece of history, offering a glimpse into the minting techniques and aesthetic preferences of the time. ### Information According to PCGS For collectors seeking precise information, the 1859 1C (Proof) Indian Head Cent is cataloged under PCGS #2257. Collectors often reference this number when seeking specific gradations and valuing their collections. The Philadelphia Mint's production and the coin's historic impact further emphasize its standing within the numismatic community. Overall, the 1859 1C (Proof) is a remarkable piece with a unique blend of rarity, historical resonance, and collector interest, making it an enduring centerpiece for any dedicated coin enthusiast.