1794 1/2C Low Relief Head, BN

The 1794 1/2C Low Relief Head, BN (Regular Strike) is a fascinating and historical piece from the early years of the United States Mint. This coin represents the first type struck for the half cent denomination, which was part of the initial coinage and pivotal to the monetary system in the United States.

Mint and Mintage: The 1794 half cent was produced at the Philadelphia Mint, which was the only minting facility at the time. Its mintage is relatively low, with an estimated 81,600 coins produced. This low mintage, combined with the passing of time, makes surviving specimens quite rare.

Rarity and Historical Significance: From a numismatist's perspective, the 1794 1/2C holds considerable historical significance as it showcases early American copper coinage. Due to the rudimentary minting techniques and equipment used during this formative period, the coins often present with inconsistencies and imperfections. This adds a layer of intrigue for collectors, as each piece tells its own distinct story of production and circulation. The 1794 1/2C is particularly noted for its design variations, of which the Low Relief Head is one. This subtype is identifiable by the height of its relief, which is less pronounced than other contemporary variations, reflecting the experimental nature and challenges faced by the mint in achieving a practical and aesthetic coin design.

PCGS Information: According to PCGS CoinFacts, the specific designation for this coin is PCGS #1009. This code is essential for collectors and dealers to accurately identify the precise variety of the coin.

Value and Market Trends: The 1794 1/2C Low Relief Head, BN commands a strong demand in the collectors' market, primarily due to its rarity and the circumstances around its manufacture. Prices for this coin can vary significantly based on its condition and grade. High-grade specimens can fetch considerable sums at auction, sometimes reaching tens of thousands of dollars. For instance, an EF40 (Extremely Fine 40) specimen has historically sold for over $10,000, while a VF (Very Fine) graded piece might yield prices in the range of $4,000 to $7,000.

Recent Sales Examples: In referencing specific sales, a notable example includes a PCGS-graded 1794 1/2C Low Relief Head, BN selling for upwards of $15,000, illustrating the strong market interest and value appreciation for high-quality examples.

Numismatic Insights: Collecting the 1794 1/2C allows enthusiasts to hold a tangible piece of early American history. These coins offer insights into the economic conditions of the 18th century United States and embody the industrious spirit of the fledgling nation. Their survival over more than two centuries, often in remarkably well-preserved condition, speaks to both the quality of their production and the historical attention given by past collectors. For collectors and historians alike, these half cents are more than just currency; they are artifacts representing the struggles and achievements of early American minting. As such, they remain a cherished part of numismatic collections, providing both financial and historical value to their owners.