1807 1C Large Fraction, BN
The 1807 1C Large Fraction, BN (Brown) Large Cent, is a notable coin within the Draped Bust series, which was minted from 1796 to 1807. The Draped Bust Large Cents were struck at the Philadelphia Mint, the sole mint in operation at that time. The 1807 Large Cent features a prominent and collectible variety—the Large Fraction—which is distinguished by the larger size of the fraction in the denomination on the reverse.
Mint and Mintage : The Philadelphia Mint produced the 1807 Draped Bust Large Cent with an original mintage of approximately 829,221 coins. However, it is important to note that over the years, many of these large cents have been lost, melted, or severely degraded, which has affected their availability in the market today.
PCGS Information : According to PCGS CoinFacts, the catalog number for the 1807 Large Fraction Large Cent is PCGS #1516. The Brown (BN) designation indicates that the coin has retained its original color, although some toning due to oxidation over the centuries is present. The Large Fraction variety is especially sought after by collectors due to its distinct design characteristics.
Rarity and Value : The rarity of this coin, particularly in higher grades, contributes significantly to its value. The typical condition for circulating examples often ranges from Good (G-4) to Very Fine (VF-20). Coins grading higher, such as Extremely Fine (XF-40) or even Mint State (MS-60 and above), are considered very rare and command a substantial premium. Historical auction data reflects that sales results for this coin can vary greatly depending on its condition. For example, circulated grades might trade in the hundreds of dollars range, while well-preserved examples can sell for several thousand dollars. Recent sales of the 1807 Large Fraction, BN have seen coins in higher-grade conditions achieving impressive results. Prices in respective auctions can reach as high as $10,000 to $15,000 for specimens exhibiting outstanding detail and minimal wear, demonstrating the strong collector interest in this iconic series.
Numismatic History : From a numismatist’s point of view, the 1807 Large Cent captures an era of American numismatics where technical and artistic developments in coin design were continually evolving. The Draped Bust design, created by renowned engraver Robert Scot, reflects the neoclassical taste of the period, presenting an elegant appearance with Liberty on the obverse and a wreath on the reverse, surrounding the denomination. Collectors often prize the Large Fraction variety due to its unique presentation and how it stands out amongst other minor design variations within the Draped Bust series. The coin’s historical significance and distinct characteristics make it a favorite for enthusiasts of early American copper coins.
Collecting Considerations : When pursuing the 1807 1C Large Fraction, BN for a collection, authentication and grade verification by reputable services such as PCGS are crucial due to the prevalence of counterfeits and altered coins. Furthermore, large cents from this era often exhibit planchet flaws and are subject to environmental damage, so collectors should consider the coin’s overall appeal, including color, strike, and surface integrity, when determining its true value. Emphasis on provenance can also add to a coin’s desirability, as coins with well-documented ownership histories are particularly valuable and sought after by collectors looking to enhance their historical appreciation of the series.
