1797 1C Reverse of 1797, No Stems, BN
The 1797 1C Reverse of 1797, No Stems, BN is a fascinating piece for numismatists and collectors alike. This coin is part of the Draped Bust large cent series, which holds significant historical importance in American numismatics. The 1797 cent features a bust of Liberty on the obverse, while the reverse showcases a wreath without stems, a distinguishing characteristic of this particular variety.
Mint and Mintage
The 1797 Draped Bust cents were struck at the Philadelphia Mint, the first federal mint of the United States. While precise mintage figures for the No Stems variety are not available, the total mintage for all 1797 cents is estimated to be 897,510. The scarcity of this specific variety makes it particularly desirable among collectors.
Rarity and Value
The 1797 1C Reverse of 1797, No Stems, BN is considered rare, especially in higher grades. In lower circulated grades, these coins appear from time to time at auctions, though they command significant premiums due to their scarcity and numismatic significance. In well-preserved conditions, the coin can achieve impressive prices. Auction results historically show that in grades such as VG-8, prices range from thousands of dollars, often increasing substantially for higher grades. For instance, a sale of a higher-grade example, say an MS-63 BN, could command significantly higher values due to its rarity and demand.
Value and Sales History
The value of this coin varies greatly based on its condition. In general, collectors are willing to pay substantial premiums for coins that are well-preserved and have minimal wear. Recent auction results have shown that these coins can sell for anywhere from a couple of thousand dollars in low circulated grades to tens of thousands of dollars in uncirculated conditions. For example, an MS-60 graded coin has fetched notable auction prices, showcasing the high interest among collectors.
Historical and Numismatic Significance
The absence of stems on the wreath in the 1797 Reverse of 1797, No Stems variety provides a unique insight into early minting practices and variations in die manufacturing at the time. From a numismatist's perspective, the No Stems variety reflects the experimental and transitional phase of the U.S. Mint in its early years, making it an essential piece for those studying the evolution of American coin design and manufacture.
PCGS Information
According to PCGS CoinFacts, the coin is cataloged under the PCGS #1425, further assisting collectors and numismatists in tracking and evaluating these treasured pieces. Overall, the 1797 1C Reverse of 1797, No Stems, BN is not only a valuable collectible but also an artifact of American history, embodying the challenges and craftsmanship of the early days of the U.S. Mint. Its rarity, coupled with the intriguing historical context, makes it a must-have for serious collectors who appreciate both its artistry and its role in the development of U.S. coinage.