1862 1C (Regular Strike)

### 1862 Indian Head Cent: An In-Depth Analysis #### Overview and Historical Context The 1862 Indian Head Cent is a significant piece from Civil War-era America, embodying a period of transition and innovation in U.S. coinage. Designed by James B. Longacre, the coin features Lady Liberty adorned with a Native American headdress, symbolizing an amalgamation of liberty and national identity during a tumultuous time in American history. The Indian Head Cent was minted from 1859 to 1909, with the 1862 edition holding particular importance due to its release amidst the Civil War. During this period, copper, previously heavily used for cent production, became scarce due to its increased demand for war materials. This led to the use of a copper-nickel alloy for the 1862 strike, which would continue until 1864 when the material was switched back to a solely copper composition due to ongoing shortages. #### Mintage and Rarity The 1862 1C Indian Head Cent boasts a substantial mintage of 28,075,000 coins. Despite this high figure, its popularity among collectors remains robust due to its historical significance and distinctive characteristics. Its widespread circulation during its mint year contributes to the difficulty in locating high-grade specimens today. Coins in Mint State with original mint luster are particularly sought after, making them rarer compared to circulated pieces. - **Mint:** Philadelphia - **Mintage:** 28,075,000 - **PCGS #:** 2066 #### Value and Market Performance The value of the 1862 Indian Head Cent varies significantly based on its condition and certification by grading services like PCGS. Coins in lower grades such as Good (G-4) can trade for relatively modest amounts, but those in higher, uncirculated grades like Mint State (MS-65) can fetch hundreds of dollars or more at auction. For instance, recent sales in MS-65 have achieved prices often exceeding $1,000, reflecting the coin's desirability in pristine condition. The market sees fluctuating values depending on factors such as grading nuances, buyer interest, and general economic conditions. Coins with Full Red (RD) designations are particularly in demand due to their eye appeal and rarity compared to Brown (BN) or Red-Brown (RB) examples. #### Notable Auction Results In recent auctions, the 1862 Indian Head Cent has demonstrated robust performance. High-grade examples have realized exceptional prices, underscoring the coin's appeal. For example, an MS-66 RD specimen may achieve prices considerably over $2,000, while an MS-65 RD often surpasses $1,000, reflecting its scarcity in such a prime state. These results underscore the enduring market interest and strong demand for the 1862 issue. #### Numismatist Perspective From a numismatist's viewpoint, the 1862 Indian Head Cent represents more than just a collectible—it's a tangible piece of history. The coin reflects the economic adaptations during the Civil War and showcases the evolving art and economy of its time. Collectors often seek examples with clear strikes, strong details, and full or partial mint red color due to its aesthetic and historical significance. Its presence on numismatic platforms and its performance in major auctions highlight its influence and standing within the coin collecting community. This popularity is especially notable given the issues of metal shortages and economic strife during its production period. #### Conclusion The 1862 Indian Head Cent remains a beloved coin among collectors, valued for both its historical context and its unique copper-nickel composition. With variable mintage figures and conditions impacting its price, it continues to captivate numismatists and investors alike, securing its position as a significant piece in the annals of American numismatic history. The combination of historical relevance, aesthetic appeal, and market performance makes it a stalwart presence in the world of coin collecting.