Lot 933
1863 Indian Head Cent. NGC graded Proof 66 Cameo. A uniform golden-sunset in color. Exquisite, admirable surfaces are boldly contrasted between satiny devices and mirror-finish fields. With a razor-sharp strike and warm, pinkish-tan color, this Gem comes highly recommended for the quality-conscious buyer.
Along with the 1862, the 1863 is the most frequently encountered Proof in the short-lived copper-nickel, oak wreath and shield Indian cent series of 1860-1864. This results in unflagging demand for surviving examples among type collectors, and the Proof 1863 a long tradition as a strong performer in the numismatic market.
The Cent type produced from 1860 through early 1864 is distinguished from its counterparts in the Indian series by an oak wreath with shield reverse motif coupled with a composition of 88% copper, 12% nickel. Proofs of this type were struck all years from 1860 through 1864, and examples are generally obtainable in most grades. At the finest levels of preservation, however, and particularly when linked with a Cameo or Deep Cameo designation, proof Copper-Nickel Cents are conditionally scarce (if not rare) coins that represent important buying opportunities when they appear in the market. Only 460 proofs struck. Pop 5; 2 finer in 67. (PCGS # 2262) .
Estimated Value $3,500 - 4,000.
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