1803 1C Small Date, Large Fraction, BN
The 1803 1C Small Date, Large Fraction, BN (Regular Strike) is a particularly intriguing piece for numismatists due to its unique characteristics and historical context. Minted in the early 19th century at the Philadelphia Mint, this coin represents a snapshot of early American coinage with a mintage of 3,131,691 coins. Despite the seemingly high mintage, the coin's rarity stems from its specific Small Date and Large Fraction variety, making it a sought-after collectible.
Characteristics and Historical Context
This variety is distinguished by a smaller date and a prominently larger fraction on the reverse, which reads "1/100." The design features Lady Liberty on the obverse, with her hair tied with a ribbon, surrounded by stars representing the original states of the union. The reverse displays a wreath encircling the denomination. The change from the Large Date to the Small Date, as well as the Large Fraction, was part of the evolving design process, reflecting the artisan techniques and resources available in the early 1800s.
Rarity and Collectibility
The 1803 Small Date, Large Fraction cent is considered rare due to the fewer numbers that have survived in collectible condition. Over time, many copper coins from this era have succumbed to wear, corrosion, or have been lost, increasing the demand for those in good condition. This specific variant (PCGS #1485) represents one of the numerous die varieties that occurred as mint employees refined and changed dies frequently.
Auction Sales and Market Performance
Notable sales of this coin underscore its value in the numismatic world. Sales figures can widely vary based on condition, with auction results offering insights into its market performance. Coins graded by PCGS and NGC in higher conditions have realized prices in the thousands of dollars, reflecting its desirability among collectors. For instance, an EF-40 graded example might fetch prices upwards of $3,000, while those in VF condition can range around $2,000. Enhanced market visibility often leads to higher auction prices, with interest from collectors who are keen on filling the holes in their early copper collections.
Numismatic Interest and Analysis
For numismatists, the 1803 1C Small Date, Large Fraction offers insight into the minting practices of the early United States Mint. It's a testament to the nascent nation's coinage efforts and the artistry of the time. Collectors often seek this coin not only for its rarity but also for its historical significance, representing a period when America was solidifying its identity post-Revolution. In the coin collecting community, coins with unique variations like the 1803 cent demonstrate the complexity and richness of early U.S. copper coins. Enthusiasts and scholars often analyze such pieces for die variety, planchet quality, and strike execution—all attributes contributing to the coin's allure and numismatic value. Consequently, the 1803 1C Small Date, Large Fraction, BN holds a venerable place in the annals of American numismatics, appealing to collectors who appreciate the nuanced history and artistry captured in such early federal coinage.
