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1862 Proof

Gold Coins · Indian Princess (Large Head) Gold Dollars · 1856–1889
Regular Proof
Weight1.672 g
Diameter15 mm
MintPhiladelphia
StrikeProof
EdgeReeded
Alignment↑↓ Coin
Composition90% Gold, 10% Copper
DesignerJames B. Longacre
Collector's Key IDCK-5279

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About this coinHistory

The 1862 proof gold dollar was produced in an estimated mintage of 35 coins. The small figure may reflect the difficulties of the early war years, when collectors faced disrupted mail service, uncertain finances, and the chaos of a nation at war. Gold traded at a premium over greenbacks, and proof gold coins were doubly valuable: as collectibles and as tangible assets in an inflationary economy.

Proof gold dollars from the Civil War years are scarce. The 1862 proof is one of the lower-mintage proof dates in the Type 3 series, and surviving examples draw strong bidding when they appear at auction. Certification is essential for establishing proof status and grade.

Price guideReference

Reference data only — not an appraisal.

GradeDescriptionLowHigh
PR-63 Proof (PR)
Frequently Asked QuestionsFAQ
What is a 1862 Proof Indian Princess (Large Head) Gold Dollar made of?
90% Gold, 10% Copper, weighing 1.672 g.
What is the melt value of a 1862 Proof Indian Princess (Large Head) Gold Dollar?
Its melt value is its metal content multiplied by the current spot price. See our melt calculator on the metals pages for a live figure.
Is the 1862 Proof Indian Princess (Large Head) Gold Dollar a key date?
It's a more common date overall, though scarcer die varieties may carry a premium — see the varieties list.