1864 1C Copper Nickel (Proof)

### 1864 1C Copper Nickel (Proof) Overview #### Rarity and Mintage The 1864 1C Copper Nickel Proof Indian Head cent holds a special place in numismatics due to its unique features and limited mintage. It is distinct from the Bronze Indian Head cents also produced in 1864. This copper nickel variety was struck as part of the transition away from the heavier copper-nickel alloy used in prior years. The precise mintage for these proof coins is not fully documented, but estimates suggest that fewer than 400 were struck. This makes the 1864 Copper Nickel Proofs particularly rare, especially in high grades. #### Historical Context The year 1864 marked a pivotal point in U.S. coinage. Owing to the Civil War and a shortage of precious metals, the U.S. Mint introduced bronze composition cents. However, the copper nickel versions remained available in smaller proof format, catering to collectors and numismatists of the era. This change from copper-nickel to bronze was part of a broader strategy to reduce the cost of coin minting and address the metal supply challenges faced during the Civil War. #### Collectability and Market Value From a collector’s standpoint, the 1864 1C Copper Nickel Proof is an exciting coin due to its dual representation of historic economic policy and numismatic artistry. In terms of market value, it varies significantly based on the coin's condition and certification status. High-grade examples are extremely sought-after. Sales records indicate prices reaching upwards of several thousand dollars for coins graded PR65 or better. For instance, notable auction sales have shown prices reaching from $5,000 to over $15,000, indicative of its high desirability among collectors. #### Grading and Certification According to PCGS CoinFacts, which is a valuable resource for grading and historical data, the 1864 1C Copper Nickel Proof holds specific grade or identification numbers for professional certification purposes. As an example, the coin's PCGS number is 2260. The rarity and condition are further validated when professionally graded by agencies like PCGS or NGC, adding to their allure and reassurance to buyers. ### Additional Numismatic Insights Collectors often seek these coins for their clarity in design and sharpness in strike, which prove exemplary representations of 19th-century U.S. minting artistry. The combination of rarity, historical significance, and striking design make them a critical addition to any serious collection of American coinage or those specializing in Civil War-era numismatics. Keep your collection's potential in mind by keeping abreast of current auction trends, as subsequent sales can influence perceived values and collector interest. With numismatic databases, tracking these patterns becomes more manageable, allowing collectors to make informed decisions regarding potential acquisitions or sales.