1795 1/2C Lettered Edge, BN
The 1795 1/2C Lettered Edge, BN (Regular Strike) is a fascinating coin from the early years of American numismatics. Minted at the Philadelphia Mint, this half cent is part of an engraving series that offers a glimpse into the formative years of American coinage. The coin is well-known among collectors for its historical significance and scarcity, making it a sought-after piece in numismatic circles.
Rarity and Mintage The 1795 Half Cent with Lettered Edge is a rare coin. The total mintage for this year, encompassing multiple varieties, stands at 139,690 pieces according to PCGS CoinFacts. However, the Lettered Edge variant is significantly more rare, as only a portion of this total mintage comprises of the lettered edge type, making it especially desirable. The rarity is further compounded by the age and historical context. Many of these coins did not survive in good condition due to circulation, melting, or loss over two centuries. Consequently, those that remain, especially in higher grades, are rare gems for collectors.
Historical Context The lettered edge of the 1795 half cent is an interesting feature that aligns with practices of the era, where edge lettering was used both as a deterrent against clipping and to add aesthetic appeal. This specific coin bears the edge inscription "TWO HUNDRED FOR A DOLLAR," signifying its face value at the time of minting. This practice was relatively short-lived, adding to the allure and mystique of the coin. From a historical lens, the 1795 issue mirrors the challenges and experimental phases of early U.S. Mint operations. Engraving techniques and minting processes were still being refined, which led to numerous varieties of the same date, each with subtle differences.
Value and Auction Records The value of the 1795 1/2C Lettered Edge, BN can vary significantly based on its condition, provenance, and specific variant of the coin. Coins graded in extremely fine (EF) or higher can command a substantial premium due to their scarcity. Auction records have shown that these coins can fetch prices ranging from several thousand dollars to tens of thousands, depending on the particulars. Recent sales have underscored this trend. For example, well-preserved examples have been sold at renowned auction houses for impressive sums, often exceeding expectations due to strong demand from both historical and type collectors.
PCGS Information According to PCGS CoinFacts, the PCGS number for the 1795 1/2C Lettered Edge, BN is 1001. This provides a crucial identifier when assessing authenticity and valuation in professional contexts. Collectors seeking to authenticate and evaluate their coins often rely on PCGS certification for assurance in quality and grading accuracy. In conclusion, the 1795 1/2C Lettered Edge, BN encapsulates a rich tapestry of early American history, numismatic art, and the evolving landscape of United States minting technology. Its allure is timeless, captivating collectors with its rarity, historical significance, and the intriguing story of its creation. This coin not only represents a piece of monetary history but also serves as a symbol of the fledgling nation's economic growth and innovation.
