1806 1C, BN
The 1806 1C Draped Bust Large Cent, designated as BN (Brown) for its color classification, is a noteworthy coin within the numismatic community owing to its appeal and relative scarcity in higher grades. This coin is part of the Draped Bust series, which was minted from 1796 to 1807 and has long held the fascination of collectors due to its historical significance and classic design.
Minting and Historical Context
The 1806 Large Cent was minted in Philadelphia, the only mint operating in the United States at the time. The Draped Bust design, created by Robert Scot, features a portrait of Liberty facing right, with her hair tied with a ribbon, draped bust visible, and surrounded by the word "LIBERTY" and the date beneath. The reverse showcases a wreath surrounding the denomination "ONE CENT" and the legend "UNITED STATES OF AMERICA" encircling the wreath. In its creation year, the United States was still a young nation, with coinage reflecting the nascent country's emphasis on liberty and unity. The 1806 Draped Bust cent is emblematic of this formative period in American history, adding to its allure and significance to collectors.
Mintage and Rarity
The mintage for the 1806 Large Cent was approximately 348,000, a relatively low figure compared to many later issues. Despite this, the coin does not enjoy the same rarity as some earlier dates due to a larger surviving population, though it remains a key date for collectors completing a Draped Bust set. The rarity of this coin can vary significantly based on condition. Although lower-grade examples are somewhat available, pieces in higher grades such as VF (Very Fine) or above become increasingly scarce and sought after.
PCGS Information
According to PCGS CoinFacts, the 1806 Draped Bust Large Cent is cataloged with the PCGS #1513. This platform remains a robust resource for collectors seeking detailed information on population reports and pricing data that reflects recent market activities.
Value and Sales
The value of an 1806 1C BN can vary greatly depending on its condition, with prices starting in the hundreds of dollars for circulated examples in lower grades to several thousand dollars for specimens in higher grades or with exceptional eye appeal. Recent sales from prominent auction houses have demonstrated strong interest and competitive bidding for well-preserved examples, often fetching impressive premiums over book values. For instance, a high-grade 1806 Draped Bust cent might realize substantial sums at auction, highlighting the demand and appreciation for quality pieces. These auction records exemplify the coin's ongoing relevance and the competitive nature of the large cent collecting community.
Numismatic Perspective
From a numismatist's perspective, the 1806 Draped Bust Large Cent captures a crucial era of American numismatics. Its design, historical context, and survival rate provide an intriguing study for collectors and historians alike. The pursuit of this coin goes beyond its metal content or face value, delving into the heritage it represents and its role in the evolving monetary system of early America. Overall, the 1806 1C BN remains a central piece within the large cent series, offering both a tangible connection to the past and an ongoing challenge for collectors aiming to secure high-grade examples. Its enduring popularity underscores its unique place in American numismatic history.
