1811 1C, BN
The 1811 1C, BN (Brown) is a highly collectible coin for numismatists, particularly within the realm of early American large cents. This coin, part of the "Classic Head" series, was struck at the Philadelphia Mint. The 1811 large cent is one of the key dates in early American copper coinage, known for its historical significance and scarcity, making it an important piece for collectors who focus on early U.S. numismatics.
Mintage and Rarity
The mintage for the 1811 large cent is recorded at 218,025 coins, which contributes to its rarity. Despite its relatively low mintage, the actual survival rate of these coins is much lower due to circulation wear and the copper composition being prone to corrosion. This makes coins in higher grades particularly scarce. The coin is listed under PCGS #1555, according to PCGS Coin Facts, and it is highly sought after by collectors. The 1811 large cent is often found in lower grades, with higher-grade specimens commanding significant premiums at auction due to their rarity and historical value.
Value and Auction History
The value of an 1811 1C, BN varies greatly depending on its condition. Coins in Good-4 condition may fetch prices in the lower hundreds, whereas specimens in extremely fine or uncirculated conditions can reach thousands of dollars. For example, coins graded MS60 and above are rare and can command prices upwards of $10,000 or more in premier auction settings. Pricing trends can be observed from past auction results, providing insight into the market demand and the coin's investment potential.
Historical Context
Numismatists often cherish the 1811 large cent not only for its scarcity but also for its historical significance. The "Classic Head" design, crafted by John Reich, marked a distinctive artistic departure from previous cent designs, reflecting the evolving identity of the United States during the early 19th century. This design embraces classic Greco-Roman features and represents a period of growth and change in American history. The 1811 issue, like others in the series, exemplifies the transitional period in U.S. coinage.
Collectibility
Collectors prioritize the 1811 large cent for the challenge it presents in acquiring a well-preserved example. Corrosion and heavy wear are common challenges due to the copper composition and the extensive circulation of the era. Nevertheless, this adds to the allure and satisfaction of owning such a historically significant and rare piece. The allure of the 1811 1C, BN (Brown) extends beyond its monetary value, encapsulating a significant era in American numismatic history. Its rarity, coupled with the rich historical context and design uniqueness, continues to captivate numismatists and investors alike. Those interested in acquiring an 1811 large cent should seek reputable sources and detailed auction records to ensure authenticity and grade accuracy.
