1804 1C, BN (Regular Strike)

The 1804 Draped Bust Large Cent, often referenced with the identifiers 1C or BN (Brown), is a significant piece in numismatic history renowned for its rarity and collector demand. This coin’s allure is partly attributed to its low mintage and the storied history surrounding its production. Understanding its allure requires a deep dive into historical mint details, recorded sales, and expert perspectives. **Historical Overview and Mint Details** The Draped Bust Large Cents were minted by the U.S. Mint, bearing the design created by artist Robert Scot. The 1804 1C Large Cent was produced in a year that yielded relatively low numbers, thus amplifying its rarity. According to PCGS CoinFacts, the mint produced only 96,500 coins of this type in 1804, making it a coveted find for collectors. **Numismatic Significance and Rarity** From a numismatist's perspective, the 1804 Large Cent is considered a rarity chiefly because of its limited mintage and surviving specimens in good condition. The 1804 Large Cent falls under the Draped Bust series, which saw decreases in mintage figures as technology progressed and the demand for larger coin sizes shrunk. The rarity of these coins is further emphasized by the existing condition of surviving pieces. Circulation and environmental factors significantly impacted their preservation. **Collectibility and Market Performance** While many might speculate on the specifics of individual coins, auction performance illustrates their market value vividly. Prices for the 1804 1C can vary widely based on condition, with values reaching impressive figures at auction. For example, circulated coins might sell for several hundred dollars, whereas specimens in higher grades, when appearing in auction houses, have fetched upwards of $10,000 or more, demonstrating the strong demand among collectors. **PCGS Information** The Professional Coin Grading Service (PCGS) assigns the 1804 Large Cent with the identification number #1504. This certification provides assurance of the coin's authenticity and condition, which are of utmost importance to serious collectors and investors. **Market Insights and Expert Analysis** Numismatic experts highlight the 1804 Large Cent as a prime example of early American coinage's artistry and historical value. The initial production faced challenges such as inconsistent striking quality and the copper planchet's difficulty, adding another layer to its intrigue. As with many early U.S. coins, production variances mean unique characteristics can be present in individual coins, with these often being a focal point for scholarly study and collection. The coin's auction history reveals its enduring value, with Stack’s Bowers and similar platforms regularly featuring these coins in their sales. As the numismatic market fluctuates, coins with historic significance such as the 1804 Large Cent often showcase resilience and even appreciation in value, reflecting their storied past and the persistent demand among collectors. The 1804 Draped Bust Large Cent encapsulates a significant era of early American minting history. Its combination of rarity, historical value, and collector demand ensures it remains a prized asset within numismatic circles. With its limited survivors and the narratives they carry, this coin is a subject of perpetual fascination and a cornerstone piece for many historical coin collections.