1876 Proof Indian Head Cent

Coin Details

Auction Record

$2,550 PR66BN 08-22-2021 eBay

Description

The 1876 Proof Indian Head Cent is a proof cent struck at the Philadelphia Mint, part of the Indian Head Cents 1859-1909 series. With a mintage of 1,150, this is an extremely rare issue — the scarcer of two mint variants, with less than 1% of total production. 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. Minted during Reconstruction and the Gilded Age, as the nation healed from civil war and debated the role of silver and gold in the monetary system. 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 original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $376. Struck in 95% copper, 5% tin and zinc, weighing 3.11 grams, 19 mm in diameter, with a plain edge. Cataloged as PCGS #2315.