1862 Indian Head Penny Worth, Price, and History: Learn About This Coin

1862 Copper-nickel was also used to produce small coins that came before and after the Indian Head cents. Because nickel gives them a white appearance, they are referred to as "white cents." Inventor Jim Longacre came up with the concept for Indian head pennies in 1859, and his 12-year-old daughter is shown as the "Indian" on one of the coins he created. I'm going to start at the beginning of this narrative for you. 

This is how a Native American chief dressed a little girl for a day of fun with his people. The designer drew a hasty sketch of the scenario to show it to his wife later that night.

How Much Is an 1862 Indian Head Penny Worth


A well-preserved 1862 Indian head penny worth more than $40 contains a significant amount of money. If your coin is one of the handfuls that haven’t had any "issues," many people will be interested in purchasing it. 

Old pennies have a lot of scrapes, bends, dents, and wear because they have been used often for an extended period. These features are absent from the 1862 Indian penny, the rarest and most expensive of the series.

Rarely do you find coins that haven't changed since leaving the mint? An "uncirculated" penny from 1862 is worth at least $70 because it has a bright, mark-free surface. 

Another thing that many people like is Indian pennies that were made during the US Civil War years. Your coin is copper-nickel, which isn't the same metal as other pennies. 

It's heavier and thicker than the rest of the Indian coins. People love your coin because it's very popular and there's a lot of demand, so it's trendy. It also has a unique metal alloy and dates back to the Civil War, which is an essential thing to know about.

1862 Indian Head Penny Worth


Unique Value of 1862 Indian Head Penny


It could be worth a lot of money if you find an 1862 Indian head penny in good condition. Indian coins that we have today are mostly worn because they were used. 

Those old pennies aren't many, and they're not all in good shape. Fewer still in this group have no marks, scratches, or mint luster left. Indian head penny 1862 sold for $862 at a David Lawrence sale of rare coins.

Your coin doesn't matter even if it's been used. It's still essential to the history of the United States, and people from all walks of life like to have it. 

They like coins that haven't been used very much. People who study the Civil War, collect Indian pennies, and people who want old coins all like these coins. 

To buy them, anyone who likes old coins can. They're cheap, so anyone can get them for cheap.

Find the Right Value by Observing the Condition


This ancient Indian coin is very rare nowadays, with just a handful of examples remaining in excellent condition. Coins of higher quality gain in value as more people seek them out and purchase them. 

1862 Indian Head Penny Value


Consider looking at the photographs and explanations that might assist you in determining the "grade" and worth of your coins.

1. Uncirculated

There aren't many of them. For not being used, the item hasn't worn down. Your feathers should be at the end of your coin to ensure it's in good shape. 

There are fewer "grain" and flow lines on coins that have been worn. This isn't the only part of her body that wears quickly. 

Her cheek goes down to her chin. When you look at the metal, you can see that it has been smoothed again, making it look very different from the rest.

2. Extremely Fine

When the item is in "excellent" condition, all design parts are marked on the piece. People can see the flattened details of the coin only at the top of the coin, so only the top parts of the coin can be seen. There is a chance that the tips of the feathers will get worn the first time they are used. 

There should be signs of wear on a few of the feathers, but only the very ends should show. The place where the headband and hair meet is also an excellent place to look at it. 

This makes people want to put the headband on, making them want to wear it. A clear separation can be seen between hair and headband, as well as letters inside the headband. The headband is on, but there is still a lot of space between the two.

3. Fine

Some Indian pennies haven't been used for a long time but still have many details. When you look at her face, there are rounded lines that separate her face from her hair. The font and the date are big. 

The most important parts of the design are those that go from her forehead to behind her ear. These are the places where wear has stripped away a lot of the more delicate parts of the picture.

4. Good

If they are in excellent condition and date back to 1862, they are worth money. Her photo is almost like an outline, yet there is still a tiny bit of her. 

It is possible to view all of the letters and dates on the exterior since they are visible. To see them, you have to go down on your knees. If your coin is not much worse than the one described, it is a decent coin for its grade.

Other Years From This Coin Series:

1859 1860 1861
1862 1863 1864
1865 1866 1867
1868 1869 1870
1871 1872 1873
1874 1875 1876
1877 1878 1879
1880 1881 1882
1883 1884 1885
1886 1887 1888
1889 1890 1891
1892 1893 1894
1895 1896 1897
1898 1899 1900
1901 1902 1903
1904 1905 1906
1907 1908 1909


1862 Indian Head Penny Price

We think an Indian Head Penny worth about $8.00 at auction is a safe bet. It could sell for as much as $125 at auction if it was in mint condition (MS+) or better. Not all coins are graded the same way. This price isn't based on that. There are other coins made in 1862 that are in the same condition as this one. Mint state means that it has been graded by one of the best coin grading companies, which means it is in good shape.

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