1796 1/2C No Pole, BN
The 1796 1/2C No Pole, BN (Regular Strike) is a significant and highly sought-after piece for numismatists. As part of the early American copper coinage, this half cent holds a unique place in history due to its distinct features and rarity. Produced at the Philadelphia Mint, the 1796 Draped Bust half cent is known for its "No Pole" variety, which refers to the absence of the pole that should be seen supporting Liberty's cap on the obverse of the coin.
Mintage and Rarity: The mintage of the 1796 1/2C No Pole is notably low, with records indicating only about 1,390 pieces struck. This minuscule mintage contributes to the coin's extreme rarity and high desirability among collectors. The reduced production can be attributed to limited coinage operations in the early period of the United States Mint's history. Consequently, the remaining examples are exceedingly scarce, making them a highlight of any collection.
Historical Context and Numismatic: Perspective From a historical perspective, the 1796 1/2C represents a time when the fledgling American nation was working to establish its financial and currency systems. The young Philadelphia Mint faced challenges such as resource constraints and evolving coin designs, as seen in this Draped Bust series. For numismatists, the 1796 No Pole half cent is invaluable due to its connection to the early development of American coinage and the technical nuances in its creation.
Coin Features and Value: This half cent features the classic Draped Bust design by Robert Scot, with the head of Liberty on one side and a wreath on the reverse. The absence of the pole is its defining characteristic, capturing the interest of collectors on a constant pursuit of rare varieties. The color designation 'BN' refers to its Brown surface, which affects both eye appeal and value depending on the level of preservation. Value-wise, the 1796 1/2C No Pole consistently fetches impressive amounts at auctions given its rarity. For instance, in notable sales, this piece has commanded prices from tens of thousands to upwards of several hundred thousand dollars, depending on its condition and market demand.
PCGS Information According to PCGS CoinFacts, this coin is listed under PCGS #35032. The stringent grading standards of PCGS reinforce the coin's authenticity and condition, impacting its valuation noticeably. High-grade specimens, particularly those showing clear details and original surfaces, represent the pinnacle of quality, drawing significant attention during auctions. In conclusion, the 1796 1/2C No Pole, BN (Regular Strike) is an iconic rarity within American numismatics. Its low mintage, historical significance, and distinctive features make it an unparalleled piece contributing richly to any collection centered on early U.S. coinage. The confluence of artistry, history, and scarcity ensures its status as a perennial favorite in the numismatic community.
