1797 1/2C 1 Above 1, BN
The 1797 1/2 Cent with the "1 Above 1" variety is a fascinating and rare coin that draws significant interest among numismatists and collectors. Struck at the Philadelphia Mint, this coin represents one of the early efforts by the United States to produce small denomination copper currency following the Coinage Act of 1792.
Rarity and Mintage: This particular variety, known as the "1 Above 1" due to an overpunched numeral in the date, is highly coveted among collectors. It is considered rare, as errors from early U.S. minting are less common. The mintage for the 1797 half cent overall was about 127,840 coins, but the specific number of "1 Above 1" varieties is unknown. Over centuries, many of these early minted coins were lost or melted down, adding to their scarcity today.
Value and Sales: Coins exhibiting this minting error, especially those in high-grade conditions, tend to fetch high prices at auction. Values fluctuate based on condition and provenance, with past auction sales showing significant figures. For example, a specimen with a BN (Brown) designation in very fine (VF) condition can range from hundreds to thousands of dollars depending on the exact grade, provenance, and historical significance. High-end pieces, especially those graded by top-tier firms like PCGS or NGC, or those with a well-documented history, can command exceptional premiums. Recent sales from major auction houses have seen this variety sell for several thousand dollars in extremely fine conditions, with some remarkable examples reaching five figures. A notable sale saw a well-preserved specimen achieve a price that illustrated its desirability and historical value.
Historical Context and Numismatist Insight 1797 was a significant year in early American numismatics, reflecting a nation still in its formative years yet striving to establish a robust currency system. The early coppers, like the half cent, were essential in everyday commerce and provided a practical, economical solution for the relatively small denomination transactions of that time. The process of striking coins in the late 18th century was fraught with challenges, including inconsistent die production, which led to the creation of such overpunched errors. This "1 Above 1" error offers an intriguing glimpse into the early minting practices and the embryonic state of industrial capabilities in the nascent nation. Numismatists appreciate the 1797 half cent not just for its rarity but also for its tangible connection to American history. With its crude yet authentic appearance, each piece tells a story of the post-colonial drive towards nationwide economic stability.
PCGS Verification For collectors seeking authentication and grading, the Professional Coin Grading Service (PCGS) provides essential insights. The PCGS number for this coin is essential for identifying and verifying its authenticity and value. According to PCGS CoinFacts, this can also assist potential buyers in understanding the coin's background and help ensure informed purchasing decisions. In summary, the 1797 1/2 Cent "1 Above 1, BN" is not merely a piece of currency; it's a historical artifact that reflects the early challenges and triumphs of the United States Mint. Its rarity and intriguing error contribute to its allure, making it a prized possession for the dedicated numismatist.