1862 Proof Indian Head Cent
Strike Type
Coin Details
Value Estimates
Value as of May 2026, from the one price recorded for this coin. Actual sales can differ. Compare recent sales of similar coins for a closer estimate.
Auction Record
- Price realized
- $8,625
- Sold
- Grade
- PR67
- Auction house
- Heritage Auctions
Description
The 1862 Proof Indian Head Cent is a proof cent struck at the Philadelphia Mint, part of the Indian Head Cents 1859-1909 series. The Philadelphia Mint struck 550 proof cents dated 1862. The obverse features Liberty wearing a feathered headdress, often misidentified as a Native American — actually represents Liberty adorned with a chief's war bonnet and the reverse displays an oak wreath with a shield at the top, enclosing ONE CENT. Produced during the Civil War, when coin hoarding caused severe shortages and the Mint experimented with new compositions to keep coins in circulation. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the Philadelphia Mint. Estimated market value is approximately $1.2K. Struck in 88% copper, 12% nickel, weighing 4.67 grams, 19 mm in diameter, with a plain edge. Cataloged as PCGS #2259.
External References
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