1797 1C Gripped Edge, BN (Regular Strike)
The 1797 1C Gripped Edge, BN (Regular Strike) is a highly regarded piece among numismatists, largely due to its rarity and unique characteristics. This large cent is part of the Draped Bust series, which was struck at the Philadelphia Mint. The 1797 Draped Bust cent is notable for the distinct "Gripped Edge" feature, a rare edge variation where there are raised beads or irregularities around the edge, a departure from the typical plain edge found on most 1797 cents.
Mintage and Rarity : The total mintage for all varieties of the 1797 Draped Bust cent is approximately 897,510. However, the exact number featuring the Gripped Edge is significantly lower, making it a rare find in the numismatic community. The rarity of the Gripped Edge variety contributes to its desirability among collectors.
PCGS Information : This coin is catalogued under the PCGS #1416. The PCGS designation highlights its status as a Brown (BN) coin, emphasizing its importance and condition.
Coin Facts and Market Sales : Over the years, this rare coin has been the focus of numerous high-profile auctions. Prices can vary significantly based on grade and specific edge attributes. For instance, in prime conditions such as AU or better, these coins can command substantial prices. Auction records have shown 1797 Gripped Edge large cents fetching anywhere from several thousand to tens of thousands of dollars, dependent on specific auction settings and coin conditions. Prices generally escalate rapidly for those encapsulated by top grading services like PCGS or NGC.
Numismatic History and Significance : From a numismatist's perspective, the 1797 Large Cent represents the early experimentation and development of U.S. Mint coinage. The Gripped Edge specifically reflects an experimental phase where the U.S. Mint explored various edge designs to deter counterfeiting. Its rare edge pattern makes it an object of fascination among collectors who specialize in early American copper coins. Its historical context as part of early U.S. minting practices further amplifies its value and intrigue.
Value Considerations : Factors influencing the value of a 1797 1C Gripped Edge, BN include its condition, rarity of the edge variety, and market demand. Collectors place a premium on well-preserved examples that exhibit clear details and minimal wear. Certified grading from reputable services adds assurance of authenticity and quality, often achieving higher auction results.
Auction Highlights : Historic auction sales have provided key insights into the value trends of this coin. Prices fluctuate, yet notable sales are documented to give prospective buyers a benchmark on what they might expect to pay. Whether due to its place in numismatic history or its intriguing edge variation, the 1797 Gripped Edge remains a celebrated cornerstone of early American numismatics.