1798 1C Second Hair Style, BN
The 1798 1C Second Hair Style, often referred to as the "Draped Bust" cent, stands out as an iconic piece of American numismatic history. Designed by the renowned engraver Robert Scot, the 1798 Large Cent is distinguished by the distinct updates made to Lady Liberty’s hair, showcasing a more elaborate and flowing style than previous iterations.
Mint and Mintage Details
This coin was minted at the Philadelphia Mint, the sole minting facility in the United States at that time. The U.S. Mint's records indicate a total mintage of 1,841,745 cents for 1798, encompassing all varieties. However, it should be noted that the exact mintage for just the Second Hair Style is not separately recorded, contributing to its relative rarity and collectible appeal today.
PCGS Number and Designation
According to the Professional Coin Grading Service (PCGS), the 1798 Large Cent Second Hair Style, BN holds the designation PCGS #1435. Collectors often rely on this number for authentication and valuation purposes. **Rarity and Collectibility** The rarity of the 1798 1C Second Hair Style, BN arises from both its age and the variety's distinct features. Small variations in die designs, such as the alignment and spacing of details, create several known varieties that are avidly sought after by collectors. From a numismatist’s perspective, the 1798 Large Cent is a window into early American monetary practices and reflects the rapid evolution of coin design at the end of the 18th century. Its intricate detail speaks to the craftsmanship of the era and the nascent nation's burgeoning identity.
Market Value and Auction Sales
The value of a 1798 1C Second Hair Style, BN can vary widely, significantly dependent on factors such as condition (as graded by PCGS or NGC), specific variety, and provenance. While lower-grade examples might range from $100 to $500, higher-grade specimens, especially those identified as specific rare die varieties, can command prices in the thousands. For instance, an MS62 Brown (BN) graded example of this coin has been known to fetch upwards of $10,000 at auction, reflecting its desirability among advanced collectors. Notably, auction platforms have documented such sales, demonstrating a vibrant market for these historic cents.
Historical Context
Introduced as part of the "Draped Bust" series, this coin followed the Chain and Wreath cent designs, marking a shift in aesthetic to a more formal and classical depiction of Liberty. It captured the spirit of a young nation eager to present itself on the world stage. In sum, the 1798 1C Second Hair Style, BN is not only a piece of everyday currency from America's past but a cherished artifact that delights both historians and numismatists alike. Its standing in the collecting community is bolstered by its combination of historical significance, artistic design, and the intrigue of its various die variations. Collectors and enthusiasts consistently seek it out for the richness it brings to any numismatic collection.
