What is the value of an 1862 US penny?

Answer 1

Assuming the coin is circulated, the 1862 Indian Head cent is a copper-nickel type and the date is fairly common. For an accurate assessment of value the coin needs to be seen and graded. Most coins show a lot of wear. In general retail values for low grade coins are $8.00-11.00, better grade are $16.00-$28.00 and coins showing almost no wear run from $60.00-$90.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelery or have been cleaned have far less value if any to a collector or dealer