1805 1/2C Large 5, Stems, BN
The 1805 1/2C Large 5, Stems, BN (Brown) is a significant and fascinating piece in American numismatics. This particular half-cent variety is known for its distinctive characteristics, making it a point of interest for collectors specializing in early American copper coins.
Minted at the Philadelphia Mint, the 1805 half-cent is part of the Draped Bust series, which was produced from 1800 to 1808. From a numismatic perspective, the rarity and appeal of the 1805 1/2C stem from several factors. The mintage for this specific year was a mere 814,464 coins, a relatively modest number considering the needs of commerce at the time. This low mintage contributes to its scarcity in today's market and raises its desirability among collectors. The "Large 5" designation refers to the size of the numeral "5" in the date on the coin’s obverse. Additionally, the "Stems" designation notes the presence of stems on the reverse of the coin, which is not a feature uniformly found in all half-cent issues, adding another layer of complexity for collectors.
The BN (Brown) note refers to the natural toning that occurs on copper coins over time, often considered attractive by collectors. Pricing and value of the 1805 1/2C Large 5, Stems, BN vary significantly based on condition, rarity, and historical importance. Specific auction results illustrate this variation in value. For instance, coins in pristine condition or those certified with a high grade by the Professional Coin Grading Service (PCGS) can fetch premiums at auction. A fine example in Very Fine to Extremely Fine condition might sell for several hundred dollars, while a rare mint-state specimen has been known to attract bids upwards of a few thousand dollars. These sales are consistent with prices realized through auction venues and private sales.
Historically, the Draped Bust half cents were circulated widely, contributing to the economic framework of early 19th century America. The series reflects a formative period in U.S. coinage when the nation was solidifying its identity through symbolic designs on its currency. The PCGS CoinFacts database offers essential diagnostic information and accurate evaluations on the 1805 1/2C, with its PCGS number being 1069. This database is a vital resource for collectors and investors, providing data and population reports indicative of the coin's rarity and market performance.
Overall, the 1805 1/2C Large 5, Stems, BN exemplifies the convergence of artistic, historical, and monetary value. It serves as a tangible relic of the early United States, offering insight into the era's minting practices, economic conditions, and cultural aesthetics. Collectors of early American copper coins often seek out such examples to complete sets, appreciate numismatic beauty, and invest in a piece of American history that continues to capture the imagination.