1797 1/2C Low Head, Plain Edge, BN
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The 1797 1/2C Low Head, Plain Edge, BN (Regular Strike) is a significant coin for collectors specializing in early American coinage due to its rarity and historical importance.
Rarity and Mintage: The 1797 half cent is a part of the Draped Bust series, produced at the Philadelphia Mint. The exact mintage figures are not reliably documented but are generally believed to be very low, contributing to its rarity. It was struck in an era when mint records were not as meticulously kept as they are today, and the coin represents one of the earlier attempts at producing small denomination coinage in the United States. This specific variety, identified as Low Head with a Plain Edge, is particularly scarce, making it highly desirable among numismatists.
Value and Auction Results: Prices for the 1797 1/2C Low Head, Plain Edge, BN vary significantly based on the coin's condition. As of the latest records, lower-grade examples might sell for several thousand dollars, while those in better condition can fetch upwards of tens of thousands at auctions. Notable sales include examples auctioned for high five-figure amounts. These sales highlight the competitive nature of the market for such historical pieces and their enduring appeal to collectors.
Historical Context and Features: From a historical standpoint, the 1797 half cent reflects the early challenges and developments in U.S. minting. The low head design, part of Joseph Wright’s vision, was short-lived, as concerns over the striking quality of the design led to revisions. Collectors particularly cherish this variety for its association with the formative years of U.S. national coinage.
PCGS Certification: According to PCGS CoinFacts, which is an authoritative source for U.S. coins, the coin has a PCGS number of 1032. PCGS certification is crucial in establishing the authenticity and grading standards of the coin, adding to its value.
Technical Specifications: The coin is struck in copper, with a weight of 6.74 grams and a diameter of 23.5 mm. The designs reflect the artistry and technological limitations of the time, with a portrait of Liberty on the obverse and a wreath on the reverse. In conclusion, the 1797 1/2C Low Head, Plain Edge, BN stands out as a cornerstone for collectors of early American numismatics. Its rarity, historical significance, and auction performance make it a noteworthy piece for both seasoned and new enthusiasts. The coin remains a testament to the evolving challenges and achievements in the U.S. Mint's pursuit to establish a definitive national currency.