1877 Proof Indian Head Cent

Coin Details

Auction Record

$8,400 PR67BN 06-17-2018 Heritage Auctions

Description

The 1877 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 900, 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. The undisputed key date of the series with a mintage of only 852,500 — the lowest regular-issue Indian Head Cent. 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 $4.2K. Struck in 95% copper, 5% tin and zinc, weighing 3.11 grams, 19 mm in diameter, with a plain edge. Cataloged as PCGS #2318.