1796 1C Draped, Reverse of 1797, BN (Regular Strike)

The 1796 1C Draped Bust, Reverse of 1797, BN, is a rare and captivating gem from the early days of American numismatics. This particular variant is recognized for its distinct reverse design which was used in 1797, differing notably from the earlier 1796 reverse design. With its rich historical context and numismatic significance, the 1796 Draped Bust cent offers a window into the formative years of U.S. Mint coinage. These coins were minted in Philadelphia, the sole mint location in the United States at that time. The mintage for the 1796 Draped Bust cent was notably limited. According to PCGS CoinFacts, the exact mintage figures are a subject of some debate among numismatists due to incomplete records from the era. However, it's estimated that approximately 1,390,000 large cents were produced in 1796, but this figure also includes the earlier and different reverse variant coins from 1796. The rarity of the 1796 Draped Bust, Reverse of 1797 stems from its limited numbers and the survival rate to the present day. These coins are sought after by collectors due to their historical relevance and intricate design which features Liberty with flowing hair and a draped bust on the obverse, and a wreath on the reverse. The blending of two different year designs adds to its intrigue and desirability within the numismatic community. In terms of value, the 1796 Draped Bust, Reverse of 1797, often commands significant premiums at auction, particularly for higher-grade examples. The market for such coins is strong due to the rarity and the collector demand for coins from the Draped Bust series. According to recent market trends and auction results, prices for this variant can vary substantially based on the condition, with Good to Fine grades reaching into the thousands of dollars, and Extremely Fine or better grades achieving prices upwards of tens of thousands. Notable sales have shown consistent upward pressure in pricing, exemplified by premium results at leading auction houses. Collectors value the 1796 Draped Bust cent for its place in early American coinage history. It represents the second official design type following the Flowing Hair cents, initiated under the direction of the first U.S. Mint Director, David Rittenhouse. This coin highlights the artistry and technological evolution in minting practices of the late 18th century and offers a tangible link to America’s nascent economic systems. According to PCGS, this coin's specific number is PCGS #1420. Whether for historical interest or numismatic investment, the 1796 Draped Bust, Reverse of 1797, remains a pinnacle piece for collectors, embodying the fascinating shifts in design and minting earnestness at the dawn of American currency.