1805 1C, BN
The 1805 Draped Bust Large Cent, graded as 1C, BN (Brown), is a distinguished piece in American numismatic history, known for its iconic design and historical significance. Designed by Robert Scot, the Draped Bust design was employed on U.S. cents from 1796 to 1807. The 1805 variant holds its allure due to its rarity and intriguing mintage characteristics. From a numismatist's point of view, the 1805 large cent presents a captivating study.
This coin was minted during Thomas Jefferson’s presidency, a period when the young United States was expanding its influence and territorial reach. The Draped Bust design, with Lady Liberty portrayed in a flowing gown, reflects the classical design principles of the era, encapsulating the elegance and ambition of the early 19th century. The U.S. Mint in Philadelphia struck approximately 941,116 of these coins in 1805. The relatively lower mintage compared to other years contributes to its scarcity in the numismatic market today. Particularly in higher grades, the 1805 large cent is scarce and sought after by collectors. From the perspective of condition rarity, PCGS CoinFacts identifies the 1805 Draped Bust Large Cent with the catalog number 1510.
Examples graded in mint condition are exceedingly rare, and finding specimens with full details and minimal wear is a challenge that entices collectors. The market value for the 1805 large cent varies significantly depending on its condition. In circulated grades like VG (Very Good) or F (Fine), these coins are more accessible to collectors. However, as condition improves to XF (Extremely Fine) or MS (Mint State), prices can increase exponentially. Recent sales reflect the strong market demand and appreciation for high-grade examples. For instance, a premium-quality 1805 large cent can achieve five-figure results at auctions by major auction houses.
As noted in historical auction results, such coins have been sold for impressive amounts. A specimen with a desirable patina and crisp details could cross the auction block for amounts upwards of $30,000, depending on the buyer's interest and coin's condition. These sales validate its esteemed place in the realm of early American coinage. Despite their age, these coins remain a tangible connection to America’s past. Collectors often pursue them for both their historical narrative and aesthetic appeal.
Their appeal is further magnified by the robust market for early American copper. The 1805 Draped Bust Large Cent encapsulates not only a significant numismatic era but also a vivid reminder of the era's economic and cultural undertakings. Enthusiasts seek out these coins primarily to own a piece of the American legacy, manifested in its classic design and storied journey through time. The 1805 large cent's rarity, historical significance, and the tangible link to America’s formative years ensure its revered status among collectors.
