1816 1C, BN
The 1816 1 Cent BN (Braided Hair) is a classic and collectible piece in American numismatics, known for its history and rarity. This coin, part of the Coronet Head large cents series, holds significant value and interest among collectors.
History and Mint
The 1816 1 Cent was minted in Philadelphia, marking the beginning of the Coronet Head series after the production process faced disruptions due to various challenges. The year 1816 is particularly notable as it marked a fresh start post-War of 1812, when production of copper coins had been halted, and the renewed minting activity signified the reintroduction of the large cent. The year 1815 saw no cents produced, adding to the 1816 cent's allure and significance.
Mintage and PCGS
With a mintage of approximately 2,820,982, the 1816 1 Cent is relatively available but elicits considerable interest from numismatists due to the gap year it followed. According to PCGS Coin Facts, this coin is flagged under the PCGS #1591, making it a recognizable piece for grading and appraisal references.
Rarity and Value
The "BN" designation underlines the coin's Brown color, indicative of its original copper tone often patinated over time. The 1816 1C, BN generally commands a strong collector presence, with value varying based on its grade and condition. Coins in Mint State are particularly rare and cherished due to the copper's susceptibility to wear and coloration changes over two centuries.
Market Sales and Trends
Recent sales showcase the continued demand for this historical coin. The value range is broad, driven by the coin's grade - with prices spanning from several hundred dollars in circulated conditions to several thousand for Mint State examples. Notably, auction platforms have recorded sales where pristine coins in high states (MS63 or better) fetch significantly higher values, affirming the coin's desirable stature. From a numismatist perspective, the 1816 1 Cent is much more than its mintage numbers; it embodies the historic resumption of mint activity and the United States' industrial resilience and development post its early years of nationhood. Remember, when searching for specific examples, the highest quality coins show fewer surface marks and retain significant detail of the braided hair and other design elements. In conclusion, the 1816 1 Cent remains a fascinating subject for collectors, reflecting early American coinage history with its unique characteristics and historical significance in numismatic collections. Enthusiasts continue to seek out quality examples to enhance their collections, driven by the coin's historical narrative, rarity, and distinctive beauty.
