I found a 1859 Indian head. Do to the reverse design I guess this was only the first year that had the bow on the bottom and no shield on top from what I understand.
I believe you are correct DFX, 1859 was the first year for the IH penny and was the only year that didn't have the shield on the reverse. Nice find though, in that you have the first year of issuance.
It is the first issue, very cool find. Over 36 million were minted so it doesn't have much value in the condition it's in. I'm sure your going to keep it so cleaning it up might allow you to enjoy the coin a little more and won't have any effect on value.