1862 Indian Cent. Proof-67 Cameo (NGC). CAC. With bold field to device contrast and virtually pristine surfaces, this beautiful Superb Gem ranks among the finest Proof 1862 cents known to the major third party grading services. Both sides are bathed in warm tannish-rose patina. The strike is full throughout and the eye appeal is exceptional.<p>The United States Mint at Philadelphia struck 550 Proof Indian cents in 1862. Sales to contemporary collectors were likely sluggish at first since the Mint required payment in gold, which had disappeared from circulation in the East and Midwest late in 1861 after the start of the Civil War. While many examples likely remained unsold by years end Rick Snow (2014) states, "It is probable that these pieces, probably numbering 200, were later found and sold to collectors." We suspect that this theory was put forth to explain the relative availability of the 1862 compared to other Proof copper-nickel cents of the 1860 to 1864 era, especially in the finest grades. While this issue is also known for the high quality of most survivors, we stress that few Proof 1862 cents offer both the strong cameo contrast and virtually pristine surfaces evident here. A delight to behold, and a perfect candidate for another world class numismatic cabinet. PCGS# 82259. NGC ID: 229C. NGC Census: 6; with a single Proof-68 Cameo finer in this category. There are no other Proof-68s certified by NGC in any category.<p>CAC Population: 3; 0. From Heritages Summer FUN Signature Auction of July 2013, lot 3058; Heritages sale of the Dickson Collection, August 2021 ANA Signature Auction, lot 3616.
