1804 1/2C Spiked Chin, BN
The 1804 1/2C Spiked Chin, BN (Regular Strike) stands out as a quintessential piece of early American numismatic history. Struck at the Philadelphia Mint, this coin is a part of the Draped Bust Half Cent series that ran from 1800 to 1808, crafted by renowned designer Robert Scot. Featuring the Draped Bust obverse paired with the Spiked Chin die variety, this coin is an intriguing specimen that has captured the attention of collectors with its unique die error resembling a spike on Lady Liberty's chin.
Rarity and Mintage : The rarity of the 1804 1/2C Spiked Chin, BN owes significantly to its limited mintage. With an official mintage of only 1,055,312 pieces, many were either lost, melted down, or remain undiscovered, elevating its desirability among collectors. Additionally, the error feature contributes to its allure, as it distinguishes it from other coins in the series.
Value and Recent Sales : The value of the 1804 1/2C Spiked Chin varies widely depending on its condition, ranging from several hundred dollars in lower grades to thousands of dollars for well-preserved examples. Notable auction results illustrate its market strength—coins with superior eye appeal and minimal wear have garnered impressive figures. For example, a well-preserved 1804 1/2C Spiked Chin in BN with appealing surfaces might fetch several thousand dollars at auction, while more circulated examples might sell for lower but still noteworthy sums.
Numismatic Significance : From a numismatist's perspective, the 1804 1/2C Spiked Chin, BN is more than just a currency piece; it is a testament to the period's minting craftsmanship and challenges. This coin not only reflects the burgeoning efforts of the early U.S. Mint but also serves as an early example of die engraving errors that have since become a focal point of study and fascination within the numismatic community.
Coin Facts and Pedigrees : The PCGS (Professional Coin Grading Service) Coin Facts provides insights into the 1804 1/2C Spiked Chin, listing it under PCGS #1062. Collectors seek out verified pedigrees and certified pieces to ensure authenticity and enhance provenance, heavily relying on certification bodies like PCGS for accurate grading and population reports. In sum, the 1804 1/2C Spiked Chin, BN captures a unique chapter in U.S. coinage, appealing to both seasoned collectors and historical enthusiasts. Its rarity, combined with the unique error that defines this variety, continues to make it a staple in early American coin collections, while its notable auction sales confirm its esteemed position in the numismatic marketplace.