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Question
hello I recently came across an 1862 Indian head penny that is uncirculated and in perfect condition. i looked at a chart and it says they are worth about 6.00. if it is truly uncirculated, is it worth any more? also should I have it looked at by a specialist? If so, how do i do that? thank you very much for any info you can give me bill
Hi Bill,
Assuming the coin is genuine and not counterfeit, an uncirculated 1862 Indian Cent is worth between $100 and $100 depending upon the mint state grade. Mint state coins are numerically graded from MS60 to MS70. As you can see there is a big spread in value.
You can send your coin for certification. Contact NGCCOIN.com
They are located in Florida and charge approximately $35 for the service. They will not only authenticate and encapsulate it, they will also advise you of the grade of the coin. This way, you can accurately determine the value.
Good Luck!
Regards
Joe Hylas
www.AllCoins.US
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Answers by Expert:
Joe Hylas
Expertise
Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.
Experience
Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US
Organizations
PCGS, NGC, Rotary
Publications
Physician's Money Digest
Education/Credentials
Bachelor's Degree in Business Administration
Awards and Honors
Paul Harris Fellow
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