1819/8 1C, BN (Regular Strike)
The 1819/8 Capped Bust Half Dollar, known as the 1C variety with a Regular Strike (BN), is a noteworthy coin for collectors and numismatists due to its overdate characteristic, where an "8" is partially visible beneath the "9" in the date. This variety falls under the Capped Bust series of half dollars, which features Lady Liberty in a cap on the obverse and an American eagle with a shield on the reverse.
Mint and Mintage
Minted at the Philadelphia Mint, this particular coin comes from a time when each coin was manually struck, leading to numerous unique varieties and die states. The mintage for the 1819 half dollars is reported at 1,198,000, but the exact number of the overdate 1C variety is unknown, contributing to its appeal and rarity in the numismatic community.
Rarity and Demand
The rarity of the 1819/8 1C depends significantly on the condition, ranging from Fine (F) to Mint State (MS). Coins that have been well-preserved and graded as MS are particularly desirable. The Professional Coin Grading Service (PCGS) database, where 1C refers to the specific die pairing of the overdate, assigns this coin a significant place under the PCGS #1612. The coin's rarity is further emphasized by its scarcity in higher grades.
Historical Context and Characteristics
The early 19th century saw a myriad of changes in U.S. coinage, and the Capped Bust design, created by John Reich, symbolizes this transformative period. The overdate feature of the 1819/8 1C occurred due to the reuse of dies, a common practice at the time due to limited minting resources. This recycling led to the unique overdate varieties that are now pursued by collectors for their historical and numismatic intrigue.
Market Value and Trends
Market values for the 1819/8 1C can vary widely based on condition. As a reference from recent auction results and private sales data, these coins can fetch anywhere from hundreds to several thousand dollars. Notable sales have seen fine examples in high mint state grades achieving premiums at major auctions. These sales substantiate the coin's growing recognition and its price trajectory.
Collecting the 1819/8 1C
For numismatists, the 1819/8 1C is not merely a currency relic but a conversation piece that tells the story of early American minting practices. It stands as a testament to the era's craftsmanship and is a prized acquisition for any collector focused on early U.S. coinage or those with an interest in unique mint errors and varieties. Collectors often seek coins with strong details in Liberty’s cap and drapery and distinct features in the eagle's feathers. In sum, the 1819/8 1C Capped Bust Half Dollar is a significant relic of American numismatic history, its value amplified by its rarity, historical context, and unique overdate error, making it a centerpiece in early American coinage collections.
