1809 1/2C, BN
The 1809 Classic Head Half Cent, identified as 1/2C, BN (Brown), is a fascinating piece for collectors and numismatists due to its historical significance and rarity. Minted at the Philadelphia Mint, this coin marks a pivotal time in U.S. coinage. The early 1800s saw an evolution in design and the Classic Head type introduced changes that numismatists hold in high regard. The mintage for the 1809 Half Cent was recorded at 1,154,572, according to PCGS CoinFacts. This relatively low mintage contributes to its scarcity today, especially in higher grades.
The PCGS (Professional Coin Grading Service) catalogues this coin under PCGS #1123. The rarity of this coin is further underscored by its availability in mint condition. Many of the surviving examples are found in circulated condition, making uncirculated versions particularly valuable. This scarcity in well-preserved condition heightens demand among collectors interested in early American copper coins. From a numismatist's perspective, the 1809 Half Cent is notable for its transition from the Draped Bust design to the Classic Head design, which features a portrait of Liberty with her hair secured by a band inscribed with “LIBERTY.”
This design was the work of John Reich, a notable engraver of the time. The reverse of the coin displays the denomination "HALF CENT" encircled by a wreath, an iconic design element from the era. In terms of market value, the coin's worth varies greatly depending on its condition. For well-preserved pieces in higher grades, prices can reach into the thousands. For instance, auction results have highlighted that higher MS (Mint State) graded coins have been known to sell for over $10,000 at auction, indicating strong collector interest and financial investment potential.
A recent notable auction saw an MS64 BN grade 1809 Half Cent fetch a price surpassing $5,000, indicating a strong market trend. Collectors often seek PCGS or NGC certified coins to ensure authenticity and condition, thus adding to the market value. Interest in the 1809 Half Cent spans both historical appreciation and investment potential. Its availability in a range of circulated and uncirculated conditions offers options for various collector levels. For those exploring the narrative of early American coinage, the 1809 1/2C BN provides both a tangible link to the past and a viable financial investment opportunity. This confluence of historical and monetary value ensures that the 1809 1/2C, BN will remain a coveted piece within numismatic circles for years to come.