1796 1C Liberty Cap, BN (Regular Strike)
The 1796 1C Liberty Cap, BN (Regular Strike) is a significant piece in American numismatic history. This classic early copper coin was minted in the Philadelphia Mint, marking one of the earliest issues of the U.S. Large Cents. The 1796 Liberty Cap Cent is distinguished by the prominent depiction of Lady Liberty with a cap, accompanied by dated elements representing the young nation's burgeoning identity.
Rarity and Mintage
The 1796 Liberty Cap Large Cent is an incredibly rare coin, making it highly sought after by collectors. According to PCGS CoinFacts, the mintage of this coin is reported at approximately 109,825. This low mintage number contributes significantly to its rarity in the numismatic market. The survival rate of these coins is exceptionally low due to the harsh circulation over the centuries, which further enhances their scarcity.
Historical Context
From a numismatist's perspective, the 1796 Liberty Cap represents an era of evolving coinage design in the United States. It marks the third year of the U.S. Mint's production of large cents. It also symbolizes the transition from the "Flowing Hair" design to more refined portrayals of Liberty. Each design change in this era reflects the United States' ongoing development in terms of both minting technology and national symbolism.
Market Value and Sales
The value of a 1796 Liberty Cap, BN, varies widely based on its condition and historical factors. Coins in good condition can fetch significant sums at auction, with some well-preserved examples reaching prices in the tens of thousands to hundreds of thousands of dollars. For instance, notable auction sales have seen these coins sold for over $50,000 to upward of $200,000 depending on their grade and historical significance.
PCGS Specifications
Mint : Philadelphia
Mintage : Approximately 109,825
PCGS Number : 1392
Numismatic Significance
This coin's numismatic allure is fueled by both its rarity and its distinctive emblematic imagery. Collectors prize it for the complex history it represents, encapsulating the United States' formative years and the challenges of establishing a national mint. The 1796 Liberty Cap is emblematic of early American identity, a tangible piece of history that continues to capture the imagination and passions of coin enthusiasts worldwide. In summary, the 1796 Liberty Cap Large Cent stands out not only for its rarity and historical importance but also as an artifact that tells the story of America's early foray into currency production, now immortalized in copper and cherished across generations of numismatists. Collectors seeking to delve into early American numismatics often prioritize this coin due to its pivotal place in U.S. history.
