This coin is an Indian Cent, specifically a 1¢ piece minted in 1893 at the Philadelphia Mint, denoted by the 'P' mint mark. It is made of bronze and has a diameter of 19 millimeters and a weight of 3.11 grams. This particular coin is categorized as a proof issue, which generally signifies a higher quality and a more polished finish compared to regular circulation coins. The 1893 Indian Cent is notable for its low mintage of just 2,195 pieces, making it a rare item among collectors. Proof coins are typically struck multiple times to ensure a sharp image and a brilliant surface, contributing to their appeal and value in the numismatic market. As a coin from the United States of America, it represents a significant era in American coinage history and reflects the designs and production standards of the time. Given its rarity and the specific characteristics of being a proof Indian Cent, this coin could hold considerable value to collectors and investors alike, especially those focused on early American currency.