The 1863 Indian Head cent is still the copper-nickel composition (.880 copper & .120 nickel) 1864 is the year they were first struck in bronze.
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1863 penny with a 9 in the middle of the 18 and 63
As of 10/2008 $8 if worn $16 with moderate wear $26 if in almost-new condition.
There's no such thing as an "Indian wheat" penny. Indian head cents were made from 1859 to 1909. Wheat cents were made from 1909 to 1958. There was an overlap in 1909 - both designs were issued that year.
The last Indian Head penny was made in 1909, look at the coin again and post new question.
Indian Head cents were made from 1859 to 1909.