1803 1C Small Date, Small Fraction, BN
The 1803 1C Small Date, Small Fraction, BN (Regular Strike) is a particularly intriguing coin for numismatists and collectors, encapsulating a brief yet fascinating period in early American copper coinage. Part of the larger Draped Bust cent series, this variant is notable for its small date and small fraction features, aspects which contribute significantly to its desirability among collectors.
Historical Context & Minting
The United States Mint in Philadelphia struck this particular cent, with the year 1803 marking an era when the young nation was still refining its coinage. The Mint experimented with numerous design and sizing features, resulting in visible variations on coins from this period. The Draped Bust design, created by engraver Robert Scot, was emblematic of classicism and continuity, often seen as embodying the country's burgeoning artistic sensibilities. The "Small Date, Small Fraction" variety is one of the several variants produced in 1803. This coin holds a special place because of its scarce error in the fraction denomination on the reverse (with a small "1/100"), as well as the smaller digits used in the date on the obverse. These anomalies are indicative of the time's less standardized minting processes.
Mintage and Rarity
The mintage figure for all 1803 large cents stands at approximately 3,131,691. However, the specific mintage for the "Small Date, Small Fraction" variety is unknown but believed to be considerably lower, making it a rare find today. The rarity is compounded by the survival rate, with many coins from the early 1800s having succumbed to circulation wear, mishandling, or loss over time.
Value and Sales Records
The value of a 1803 1C Small Date, Small Fraction, BN can vary significantly based on its condition, provenance, and market demand. Collectors' enthusiasm for this variety can push prices to impressive heights. Auction records show several sales with notable results, including those from prominent auction houses reaching five figures for coins in high-grade conditions. For example, a particularly well-preserved specimen graded by PCGS (Professional Coin Grading Service) as Mint State can command exceptionally high premiums, demonstrating collectors' willingness to pay significantly for quality and rarity. Sales have reached upwards of $20,000 in choice conditions, highlighting its allure and investment potential.
PCGS and Coin Grading
According to PCGS CoinFacts, the reference number for this coin is #1482. Coins are often evaluated through PCGS's precise grading system, offering a reliable gauge of a coin's condition. In particular, a coin in Brown (BN) designation can offer valuable insights into its surface preservation over time.
Collectability and Numismatic
Insights From a numismatist's perspective, the 1803 1C Small Date, Small Fraction, BN represents much more than just a collectible. It offers a window into early 19th-century America, showcasing the talent and challenges faced by the nascent U.S. Mint. Its variations also reflect the broader historical narrative of trial and error in the pursuit of a consistent national currency. Collectors and historians alike appreciate this coin not only for its rarity and enduring value but also for the story it tells of American ingenuity and persistence. The combination of historical context, rarity, and aesthetic appeal makes it a gem within U.S. numismatic collections. Whether you are an experienced collector or new to the hobby, this particular coin promises both an enriching and rewarding endeavor.
