1861 1C (Proof)

The 1861 1C Proof Indian Head Cent is a remarkable piece of numismatic history that resonates with collectors for its rarity and historical context. Struck during the early Civil War years, this proof coin offers a glimpse into a tumultuous period in American history. Numismatists value this coin not only for its exquisite design and craftsmanship but also for its connection to a pivotal era. ### Mint and Mintage The 1861 Indian Head Cent was produced at the Philadelphia Mint, a significant detail as this mint was the only one striking cents at that time. The proof mintage is estimated at just around 1,000 pieces, reflecting the modest number produced for collectors during this era, making it a sought-after rarity. ### PCGS Information According to the Professional Coin Grading Service (PCGS), this coin's identifier is PCGS #2257. These coins were struck in the familiar Bronze planchet, weighing 4.67 grams, with a diameter of 19mm. The composition was primarily Copper, which was standard for cents at the time. ### Value and Market Performance The rarity of the 1861 Proof Indian Head Cent contributes significantly to its value. Prices can vary greatly based on the coin's condition and market demand. Well-preserved pieces, especially those graded by PCGS or similar grading services as PR65 or higher, have seen impressive sales figures. Recent auctions have documented PR65 graded examples selling for upwards of $4,000 to $5,000, while ultra-rare PR66 examples can command prices over $10,000. ### Historical Context Produced during the first year of the Civil War, the 1861 1C Proof encapsulates a significant period in American numismatic history. During this era, the United States saw a dramatic increase in the circulation of paper currency due to the war, which in turn affected the minting of coins, including the Indian Head cents. ### Design and Artistic Merit The coin was designed by James B. Longacre, featuring Lady Liberty wearing a Native American headdress, symbolizing unity and freedom, representative of the time's ethos. The reverse side displays a wreath encompassing the "ONE CENT" denomination. The attention to detail in proof issues, underscored by deeply mirrored fields and razor-sharp strikes, enhances the design's aesthetic appeal. ### Numismatic Significance From a numismatist’s perspective, the 1861 1C Proof Indian Head Cent offers more than just monetary value—it provides insight into the history and technology of its time. Collectors are drawn to its historical resonance, rarity, and artistic beauty, ensuring that it remains a cornerstone for those seeking a deeper connection to America's numismatic legacy. Whether you're a seasoned numismatist or a passionate novice, the 1861 Proof Indian Head Cent stands as a testament to an enduring era, making it an invaluable addition to any collection focused on American coinage.