1797 1/2C Plain Edge, BN
The 1797 1/2C Plain Edge, BN (Regular Strike) is a captivating piece for numismatists, embodying the early essence of American minting history. The United States Mint produced the 1797 half cent during a particularly transformative period in American numismatics. The coin, a product of careful craftsmanship, holds a PCGS #1034.
Rarity and Mintage: The 1797 half cent is notably scarce due to its relatively low mintage. The estimated mintage for the 1797 1/2C Plain Edge is about 127,840, which is quite minimal compared to modern coin production but was considered significant at the time. The limited mintage, combined with the natural attrition over centuries and the desire for copper during the industrial era, renders surviving specimens rare, especially in high grades.
Design and Features: This coin belongs to the Draped Bust series, featuring a profile of Lady Liberty on the obverse, designed by Gilbert Stuart with adaptation by Robert Scot, and on the reverse, it bears the inscription "1/200" encircled by a wreath, symbolizing its face value of half a cent.
Market Value and Recent Sales: 1797 half cents, particularly those in pristine condition, command high premiums in the numismatic market. The value varies significantly depending on the coin's condition and provenance. For instance, coins graded MS60 and above are exceedingly rare and sought after, with auction results often fetching impressive prices. Examples in lower circulated grades can also be valuable due to overall scarcity. In recent sales, particularly noted are examples in higher grades, which have attracted significant interest. An XF40 might sell in the range of several thousand dollars, while a VF20 could range from a thousand to several thousand depending on the specific coin and market conditions at the time of sale.
Historical Significance and Collectors' Interest: From a historical viewpoint, the 1797 half cent serves as a testament to the early financial hurdles and advancements of the fledgling nation. Collectors highly prize these pieces, not only for their rarity but for the connection they provide to the early American economy and the evolution of U.S. minting technology.
Numismatic Interest: For numismatists, the 1797 1/2C Plain Edge, BN, is not just a collectible but a tangible piece of history. Each coin is a story of survival, manufacturing, and design change. Collectors often look for specific varieties that occur due to die differences, contributing to the allure and a rich tapestry of discovery in numismatic research. Information regarding specific auction results and fluctuations in market value is continually updated by leading numismatic auction houses, reflecting both the timeless appeal and potential for future appreciation of this historic coin. This coin represents a confluence of artistry, history, and rarity — compelling factors driving its desirability among collectors worldwide.