1794 1C Starred Reverse, BN
The 1794 1C Starred Reverse, BN (Brown) Large Cent is one of the most fascinating coins for numismatists and collectors. Renowned for its unique reverse design, it features a series of 94 tiny stars interspersed among the denticles. This distinct feature sets it apart from other coinage of its era, making it highly sought after among collectors and maintaining its allure over the centuries.
Historical Context and Minting Details
The 1794 1C Starred Reverse was minted at the Philadelphia Mint, which was the first official mint facility of the United States. During this period, the young U.S. Mint was experimenting with various designs and engravings, and this particular variety stands out due to its exquisite craftsmanship.
Mintage Details
Mint: Philadelphia -
Total Mintage for all 1794 Large Cents: Approximately 918,521
PCGS Number: 1374 The exact number of the Starred Reverse variety produced is unknown, but it is a fraction of the total 1794 Large Cent mintage, making it exceedingly rare.
Rarity and Value
The rarity of the 1794 Starred Reverse cent cannot be overstated. Only around 50 examples are believed to exist today, contributing to its status as a key variety for any serious large cent collection. Its rarity is further exacerbated by the difficulty in locating specimens in higher grades, as most surviving coins tend to be in lower condition due to age and use. Collectors and investors place significant value on this particular piece. Its appeal is enhanced not only by its rarity but also by its historical significance, as it represents early American numismatics and the experimental spirit of the U.S. Mint’s early years. Recent auction sales highlight the coin's significant value: - In March 2021, a PCGS-graded specimen sold for over $150,000 despite showing signs of wear, underscoring its appeal even in lower grades. - In May 2022, another example fetched $250,000 due to its finer condition and strong collector interest. These sales indicate that the coin's market value continues to climb as interest in early American coinage remains strong.
Numismatic Significance
From a numismatist’s perspective, the 1794 1C Starred Reverse offers a glimpse into the artistry and experimental nature of early American coinage. Its unique star design is thought to possibly symbolize the states of the Union, aligning with the patriotic themes common in U.S. coinage of the time. Experts often debate the intention behind the star design, adding to the mystique and allure of the piece. The coin's significance is also highlighted by its inclusion in numerous prestigious collections, often serving as a centerpiece due to its distinctiveness and historical importance.
Conclusion The 1794 1C Starred Reverse, BN represents a confluence of history, rarity, and beauty. It stands out not only for its unique design but also for its embodiment of the early innovative spirit of the U.S. Mint. Its scarcity and appeal to collectors ensure that it remains one of the most desirable coins from the early years of American coinage. For those lucky enough to acquire a specimen, it offers both a tangible connection to the past and a significant financial investment.
