1795 1C Plain Edge, BN
The 1795 1C Plain Edge, BN (Regular Strike) is a sought-after piece amongst numismatists and collectors due to its historical significance and rarity. Minted by the Philadelphia Mint, this particular cent is a part of the early large cent series that began in 1793, a few years following the establishment of the U.S. Mint.
Mintage and Specifications
Mintage : Approximately 501,500, as recorded in historical mint records.
PCGS Catalog Number : 1380
Rarity and Demand : This coin is highly prized due to several factors. The 1795 1C Plain Edge is rarer than its Lettered Edge counterparts, making it appealing to collectors searching for a unique addition to their collections. The Plain Edge design was not prevalent until 1796, creating added allure for a Plain Edge variant from 1795.
Historical Context : From a historical perspective, these coins are directly tied to the early years of the U.S. coinage system. The 1795 1C Plain Edge represents a period of experimentation and transition in U.S. minting, which intrigues both historians and numismatists. This coin provides a tangible connection to the formative years of American currency.
Design Features : The obverse of the coin features Lady Liberty, while the reverse shows a chain of 15 links—representing the original 15 states of the union. The design underwent several modifications during that period, as the mint sought to improve the aesthetic and symbolic representation.
Market Performance and Value : As of recent reported sales, the value of a 1795 1C Plain Edge, BN depends significantly on its condition and grade. These coins can fetch thousands of dollars, especially when preserved in high grade with a clear, discernible strike. In some cases, auction results have shown prices well into the tens of thousands of dollars, depending on the rarity and quality of the coin available.
Grading and Condition : Coins graded by Professional Coin Grading Service (PCGS) tend to attract higher premiums. Higher-grade specimens like those graded XF (Extra Fine) and above are scarce, often boosting collector interest and auction results.
Notable Sales : While specific sales data isn't directly referenced from top auction houses, it is recognized that auction platforms consistently host these coins with significant interest from collectors, leading to record-setting prices that underscore the coin's desirability. Overall, the 1795 1C Plain Edge, BN (Regular Strike) remains a gem for collectors due to its unique historical footprint and rarity within early American numismatics. This coin encapsulates not only the fascinating early history of U.S. currency but also brings significant monetary value to those who own it.
