1862 1C (Proof)

The 1862 1C Indian Head Cent (Proof) occupies a unique place in numismatic history and is regarded as a rare and desirable specimen for collectors. Minted during the early years of the Indian Head series, this proof coin is a testament to the evolving American coinage during the Civil War era. Struck at the Philadelphia Mint, the 1862 Indian Head Cent (Proof) showcases the intricate design work of Chief Engraver James B. Longacre. The obverse features the iconic portrait of Lady Liberty adorned with a Native American headdress, while the reverse displays a simple wreath encircling the denomination. ### Mintage and Rarity The 1862 Indian Head Cent (Proof) has a modest mintage, estimated at approximately 550 pieces. This limited number significantly contributes to its rarity and appeal among collectors today. The scarcity of these coins in high grades makes them even more sought after, particularly specimens with pristine surfaces and vibrant color. ### PCGS Information According to PCGS CoinFacts: - **Mint**: Philadelphia - **Mintage**: Approximately 550 pieces - **PCGS #**: 226 ### Auction Records and Market Value The market value of an 1862 Indian Head Cent (Proof) is heavily influenced by its condition and provenance. High-grade examples can command impressive prices at auction, with some reaching significant figures. Sales records indicate that specimens graded PR65 or better have fetched several thousand dollars. For example, certain high-quality pieces have been auctioned at major venues, with the final hammer price reflecting the coin's exceptional state and market demand at the time of sale. ### Historical and Numismatic Significance From a historical perspective, the 1862 Indian Head Cent (Proof) was produced during a period of great upheaval in the United States. The Civil War not only affected the availability of resources but also prompted changes in coinage composition. The proof coins from this era exhibit a degree of craftsmanship and attention to detail that is highly appreciated by collectors and historians alike. ### Collecting the 1862 Indian Head Cent (Proof) For numismatists, the 1862 Indian Head Cent (Proof) represents a remarkable piece of American history and artistry. Its rarity and the historical context of its production make it a highlight in any collection of 19th-century U.S. coinage. Collectors often seek coins with strong eye appeal, which includes attributes such as reflective surfaces, sharp strikes, and minimal imperfections. Originality is crucial, as it enhances both the coin's narrative and its market value. In conclusion, the 1862 Indian Head Cent (Proof) is a captivating relic from a pivotal time in American history. It stands as a testament to the skill of the craftsmen at the Philadelphia Mint and continues to intrigue and attract collectors with its rarity, historical significance, and numismatic charm.