1814 1C Crosslet 4, BN
The 1814 Classic Head Large Cent, commonly referred to as the 1814 1C Crosslet 4, BN (Brown), is a fascinating piece for numismatists and collectors due to its historical context and distinct design features. From a historical perspective, the Classic Head series was minted between 1808 and 1814. These coins were designed by John Reich and are distinguished by their portrayal of Liberty with a more classical Greek appearance.
One feature that makes the 1814 1C Crosslet 4 notably distinctive is the crosslet, resembling a small cross, present at the top of the digit "4" in the date. This design detail differentiates it from the "Plain 4" variety minted in the same year. The Classic Head design was ultimately replaced due to the rapid discoloration and corrosion of coins made with large amounts of copper, leading to the development of subsequent designs that used bronze or other alloys.
The mintage for the 1814 Large Cents was approximately 357,830 coins. Due to its relatively low mintage compared to modern production numbers, the 1814 1C Crosslet 4 is considered quite rare, especially in higher grades. On the rarity scale, the coin ranks significantly due to the large number of surviving examples in varying conditions with differing patinas and wear levels. The PCGS Coin Facts lists this coin with the certification number 1573. Values can vary substantially based upon the coin's condition.
Prices for this variety in uncirculated conditions start at around $2,000, but higher-grade specimens like those graded MS-60 or above can command much greater prices. A splendid MS-64 grade example might be sold for $10,000 or more, reflecting both its rarity and the demand among collectors. In terms of historical sales, there have been several notable auctions for high-grade examples of the 1814 1C Crosslet 4. For instance, a coin graded by PCGS as MS-64 sold for $8,400 in a 2021 auction. Another piece in slightly lower condition graded MS-63 fetched around $6,000.
The fluctuations in price are indicative of the coin's esteemed reputation among collectors and its condition at the time of sale. From a numismatist's perspective, the 1814 1C Crosslet 4 coin not only holds intrinsic value due to its rarity, but it also captures a unique snapshot of early 19th-century American coinage. Its craftsmanship, historical context, and the nuances of its design continue to captivate the interests of collectors. This coin serves as a representation of the challenges and transitions in American minting practices during the Early Republic period.
