1862 Indian Head Cent Proof
Proof struck at the Philadelphia Mint · 550 made
- Mintage
- 550
- Metal
- 88% copper, 12% nickel
- Weight
- 4.67 g
- Diameter
- 19 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is an 1862 Indian Head Cent Proof worth?
Few coins in the series are harder to find. Even a worn 1862 sells well above face value. The flip side is that counterfeits and altered dates are common, so authentication matters.
What would make yours worth more:
- Grade and, for proofs, strong cameo contrast
- A die variety or minting error
- Certification by PCGS or NGC, which buyers expect for scarce dates
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1862 Indian Head Cent Proof rare?
- Fairly. The Mint made 550 for collectors. Most were kept in their original packaging.
- Where is the mint mark on an 1862 Indian Head Cent?
- No mint mark. Philadelphia struck every Indian cent until 1908.
- How many 1862 Indian Head Cent proofs were made?
- 550.
What to check on your 1862
- There's no mint mark on this one, so the date and condition are what matter.
- Judge the grade under good light. In Very Fine, all five letters of LIBERTY on the headband are visible; collectors also look at the feather tips and the "diamonds" on the ribbon. Color is graded too: Red (RD), Red-Brown (RB) and Brown (BN).
Proofs from 1862 were struck one at a time in small numbers and many were later spent or mishandled. Look for hairlines from cleaning, which lower the grade.
The story of the 1862
Copper-nickel years and the Civil War (1859 to 1863)
James Longacre's Indian Head replaced the Flying Eagle in 1859 because the new portrait struck up more fully. The 1859 is a one year type with a laurel wreath reverse. The Mint made 36.4 million. In 1860 the Mint switched to an oak wreath with a small shield at the top, the reverse used for the rest of the series.
The Civil War changed everything. By 1862 people were hoarding all coins, including these copper-nickel cents. Private merchants issued millions of lighter Civil War tokens to fill the gap. Mint output rose to meet demand, with 28 million cents in 1862 and nearly 50 million in 1863. Copper-nickel Indian cents are thick and pale tan in color. The hard metal often left weak feather tips and diamonds on the ribbon. They wear evenly and many survive in Fine to Extremely Fine.
Elsewhere in US coinage in 1862
Uncertainty over the war led people to hoard every kind of coin, including copper-nickel cents. Postage stamps, tokens and paper fractional currency filled the gap.
How to recognize it
Liberty wears a feathered headdress with LIBERTY on the band, surrounded by UNITED STATES OF AMERICA with the date below. The 1859 reverse is a laurel wreath around ONE CENT; from 1860 an oak wreath with a small shield at the top was used. Coins from 1864 on are bronze and from partway through 1864 they show the designer's initial L on the ribbon behind Liberty's neck. Mint marks (only S, 1908 and 1909) are below the wreath on the reverse.
Mintage chart
Specifications
| Series | Indian Head Cent (1859–1909) |
|---|---|
| Year | 1862 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Proof |
| Mintage | 550 |
| Face value | 1¢ |
| Composition | 88% copper, 12% nickel |
| Weight | 4.67 grams |
| Diameter | 19 mm |
| Edge | Plain |
| Designer | James B. Longacre |
Other 1862 Indian Head Cent issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1862 Indian Head Cent | 28,075,000 | Circulation strike | – |
| 1862 Indian Head Cent Proof | 550 | Proof | – |
Mintage: United States cent mintage figures (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.