1797 1C Reverse of 1795, BN
The 1797 Liberty Cap Large Cent with the "Reverse of 1795" is one of the fascinating early American coins that highlights the transitional period in U.S. Mint history. This particular series has garnered interest among numismatists due to its unique characteristics, historical significance, rarity, and fluctuations in market value over the years.
Mint and Mintage
Minted in the Philadelphia Mint, the 1797 1C with the Reverse of 1795 is considered a scarce issue due to its low mintage and the difficulty in locating well-preserved examples. The exact mintage numbers for this particular reverse are not precisely documented, contributing to its intrigue and desirability among collectors
Design and Characteristics
The 1797 1C Reverse of 1795 exhibits a distinctive design. On the obverse, the Liberty Cap large cent features Lady Liberty with flowing hair and a soft cap draped over her shoulder. The reverse features a wreath with the date "1797" inscribed below. Unlike later designs, this reverse aligns closely with those used in previous years (specifically 1795), creating a variant that is referred to as the "Reverse of 1795."
Rarity and Market Value
The rarity of the 1797 1C Reverse of 1795 comes from its limited surviving population and the challenges in finding high-grade examples. PCGS designates the coin with the number 1419. Due to its scarcity, the coin often commands premium prices, especially in conditions of VF (Very Fine) and above. Analyzing past auction sales and records reveals that these coins can fetch a wide range of prices depending on their condition, provenance, and market demand at the time of sale.
Historical Significance
From a numismatist’s perspective, this coin provides insight into the early operations of the U.S. Mint and the evolving designs of the nation’s coinage. The transition represented by the Reverse of 1795 was part of the broader efforts to standardize and improve the designs and striking techniques used by the fledgling mint, marking an important era in the development of U.S. coinage.
Collecting and Investment Potential
For collectors, the 1797 1C Reverse of 1795 is a captivating piece of monetary history and a testament to the nascent stages of U.S. coin design and production. Its relative rarity and historical context augment its appeal, making it a cornerstone piece for those specializing in early American numismatics. Investment-wise, its consistent demand and scarceness ensure that it remains a valuable asset in any collection, with potential for appreciation as interest in early American coinage continues to grow.
This fascinating coin, with its timeless design and historical significance, represents a remarkable piece of Americana. Collectors value it not only for its physical beauty and craftsmanship but also for the rich history it captures from the early days of the United States Mint. With continued interest and finite availability, the 1797 1C Reverse of 1795, BN stands as a noteworthy endeavor for those passionate about numismatics.