1802 1C, BN
The 1802 1C, BN (Regular Strike) Draped Bust Large Cent is a captivating specimen in early American numismatics. Struck in copper at the Philadelphia Mint, this coin is highly cherished amongst collectors due to its historical significance and relative scarcity. According to PCGS Coin Facts, its identification number is 1608. The total mintage figure stands at 3,435,100, yet surviving examples are far fewer due to the attrition over the centuries. From an aesthetic perspective, the Draped Bust design, created by engraver Robert Scot, features the iconic image of Liberty with flowing hair on the obverse, while the reverse showcases a wreath encircling the denomination. Numismatists revel in both the elegance of the design and the technical production challenges of that era, which gives each coin a unique character.
The rarity of the 1802 Draped Bust Large Cent is underscored by its high demand against its limited availability in fine conditions. Most examples seen today are in lower grades, with pristine specimens being extremely uncommon. In terms of market performance, the 1802 Large Cent regularly commands strong prices at auction. Coins in low-grade condition can fetch hundreds of dollars, while those in higher grades or with desirable traits, such as exceptional patina or less wear, may garner prices well into the thousands. Notably, recent sales have seen well-preserved pieces in grades like VF (Very Fine) or above achieve considerable sums, speaking to their investment value and collector demand.
The historical context of the 1802 Large Cent adds to its allure. As part of the early US coinage system, these cents were crucial in everyday transactions and provide a window into the nascent American economy. Each coin is a tangible relic of the post-Revolutionary War era—a testament to the country's fledgling efforts in establishing a reliable currency system. Finding specific sales data can give potential buyers insights into current market trends. On platforms such as CoinFacts, the 1802 Large Cent's auction records reveal its steady desirability, with notable sales reflecting both collector interest and historical importance.
The fluctuations in its auction prices can also signal shifts in the numismatic market, helping investors and collectors make informed decisions. For those interested in the broader historical trends of early 19th-century American coinage, the 1802 Draped Bust Large Cent stands as a remarkable artifact. Exploring its origins, die varieties, and market history allows enthusiasts to appreciate not just its value but its role in the tapestry of American coin collecting. The journey of these cents from mint to market embodies a fascinating narrative that continues to captivate collectors and historians alike.
