1807/6 1C Large 7, BN
The 1807/6 1C Large 7, BN (Regular Strike) is a classic example of early American coinage and is highly sought-after by collectors due to its rarity and historical significance. This overdate variety features the year "1807" struck over "1806," with a notably large "7."
Mint and Mintage
Mint Location : Philadelphia
Mintage : Total mintage for 1807 was reported at about 829,221, but the specific number of the overdate variety is unknown.
PCGS Number : 1528
Historical Context and Description
The 1807/6 1C Large 7, BN is part of the Draped Bust series, designed by Robert Scot, running from 1796 to 1807. This specific overdate is significant because it represents the minting practices of the early 19th century, where dies were often re-used due to cost-saving measures. During this period, large copper cents were a key part of the U.S. economy, circulating widely. The obverse features Liberty with flowing hair, while the reverse displays an open wreath. This classically-styled coin marks the end of the Draped Bust series, being replaced by the Classic Head design in 1808.
Rarity and Collectibility
The 1807/6 overdate is a rare find. It is eagerly pursued by numismatists due to its unique die error, which fascinates those interested in the minting process and errors. The overdate error is evident when closely examining the digits in the date, providing a talking point and enhancing its appeal for collectors. The Large 7 variation is even more distinctive, further adding to its rarity and value.
Value and Recent Sales
1807/6 1C Large 7, BN coins can vary significantly in price based on condition. Coins with higher grades are exceedingly rare and command premium prices at auction. For example, those in Fine (F) or Very Fine (VF) conditions might fetch several hundred to over a thousand dollars. Extremely Fine (EF) to Mint State coins can easily escalate into several thousand dollars, reflecting both their rarity and collector interest. Recent auction data highlight its desirability: - A coin graded by PCGS as VF20 might sell for around $1,500. - Higher graded examples in XF or AU conditions could achieve prices well above $5,000, with the highest-grade coins at auction reaching $10,000 or more.
Numismatic Insights
From a numismatist's perspective, the 1807/6 1C Large 7, BN holds particular appeal not only for its rarity but also for its insight into the technological and economic constraints of early American minting. The re-use and overstriking of dies showcase the resourcefulness of early mints and the evolution of American coinage. Numismatists often delve into the slight variations within this overdate series, studying die patterns, wear, and strike quality to authenticate and trace lineage. The pursuit of such coins is not merely about possession but understanding the history they carry. Overall, the 1807/6 1C Large 7, BN stands as a testament to the challenges and intricacies of early American coin production, offering a tangible connection to the past for historians and collectors alike. Through studies like those available on coinfacts.com, numismatists continue to uncover and share fascinating insights into these irreplaceable relics of America's numismatic heritage.
