1795 1/2C Lettered Edge, No Pole, BN

The 1795 1/2C Lettered Edge, No Pole, BN (Regular Strike) holds a unique place in numismatic history, representing one of the earliest issues of the United States Half Cent series. Struck at the Philadelphia Mint, this coin is part of the inaugural era of U.S. coinage, crafted with the intent to facilitate small transactions in the nascent American economy. 

Description and Rarity Distinguished by its "Lettered Edge" and absence of a pole on the obverse, this variety is considered a highly desirable collectible among early copper coins due to its scarcity and historical significance. The coin features Liberty facing right, with flowing hair and no support pole visible behind her bust. The reverse showcases a wreath encircling the denomination "HALF CENT," along with the United States' motto—thus its designation as a "No Pole" sub-type. The absence of the pole, an anomaly within the design progression, makes it particularly intriguing for collectors. This feature sets it apart from other 1795 half cents, contributing to its rarity. The coin is also sought after in Brown (BN) designation, indicating its original coloration that contributed to its enduring appeal among both numismatists and investors.

 Mintage The 1795 Half Cent saw a total mintage of approximately 139,690 pieces. However, the exact number of the "Lettered Edge, No Pole" variant is not precisely documented, which adds to its enigma and desirability. From the PCGS Coin Facts database, the assigned PCGS number for this variant is 1008, a reference point for collectors and dealers alike.

Historical Context From a numismatic perspective, the 1795 1/2C Lettered Edge, No Pole encapsulates the experimental nature of the early U.S. Mint operations. At the time, coinage dies and equipment were relatively primitive, resulting in variations and errors that are now prized for their historical significance. The copper planchets used were often sourced through recycling or import, reflecting the financial constraints and resourcefulness of the period.

Recent Sales and Values Due to its rarity, this particular half cent often attracts significant attention when it appears in auctions. Recent sales data illustrates the demand and value for well-preserved specimens:

•  Fine Grade: Values can range significantly, often starting around $2,000 and increasing with interest during certain market conditions, such as sales reaching upwards of $4,000 depending on the coin's condition and collector interest. -
• Very Fine Grade: This grade can command prices in the vicinity of $6,000 to $10,000, reflecting both the scarcity and desire for more sharply defined examples.
• Extremely Fine to About Uncirculated: Exceptional examples have seen sales in excess of $20,000, with prices varying considerably based on the coin's aesthetic appeal and buyer competition. 

Investment and Collecting Insights Holding a 1795 1/2C No Pole is akin to owning a tangible piece of American history. Its coppery patina, symbolized by the "BN" designation, adds an aesthetic allure that resonates with collectors deeply appreciative of early American numismatics. The coin's provenance and auction history can often enhance its value, with documented past sales providing a framework for future pricing expectations. Adding to this, variations in grading and subtle differences in strike details may further impact value, thus offering a nuanced opportunity for investors and history enthusiasts alike.

Conclusion In capstone to its rich narrative, the 1795 1/2C Lettered Edge, No Pole stands as a testament to the storied beginnings of U.S. coinage, embodying the spirit of the era while presenting a collectible treasure for those captivated by the intersection of artistry, history, and monetary heritage. This coin not only enriches any collection but also perpetuates the legacy of early American minting ingenuity.