1820/19 1C, BN
The 1820/19 1C, BN (Regular Strike) is a fascinating coin for numismatists and collectors alike, offering both historical value and rarity. This particular coin is a distinctive variety of the Large Cent series, minted in the United States. The “BN” designation indicates a “Brown” color grade, highlighting the natural patina that has developed on the copper over time. It is important for collectors to note the overdate feature of this coin, where the 1820 date is stamped over 1819, adding a level of interest and rarity.
Historical Context and Features
The Large Cent series was initiated in 1793, making it one of the earliest coins produced by the United States Mint. During the early 19th century, these coins were struck at the Philadelphia Mint, which remained the sole minting facility until the mid-1830s. The 1820/19 overdate is part of the Matron Head series, which was designed by Chief Engraver Robert Scot. The obverse features the classic Liberty head with a matronly appearance, while the reverse showcases a simple design with “ONE CENT” encircled by a laurel wreath.
Mintage and Rarity
The exact mintage number for the 1820/19 1C is not precisely known, as individual varieties were not documented separately; however, the estimated mintage for all 1820 cents is approximately 4,407,550. The overdate variety is considerably rarer than regular strikes, as such minting errors typically occurred in smaller numbers. This rarity enhances its desirability among collectors. According to PCGS CoinFacts, which is a reliable source for coin metrics, the coin holds the number 1602 under its cataloging system.
Market Value and Sales
Values for the 1820/19 1C, BN vary significantly based on its condition. Collectors highly prize well-preserved specimens, significantly increasing their market value. Prices can range from several hundred dollars for well-circulated pieces to several thousand for those in higher grades, such as MS (Mint State) conditions. Notable auction sales have highlighted the demand for this particular variety. For instance, an auction could see a specimen graded MS63 achieving prices around $10,000 or more, demonstrating market enthusiasm. Such sales underscore the coin's allure and investment potential amidst numismatists worldwide.
Collecting Insight
From a numismatist’s perspective, owning an 1820/19 1C, BN represents a tangible connection to early American coinage and the evolution of minting techniques. The overdate is a reflection of the mint’s practices during that era, where dies were often repurposed, leading to such anomalies. This coin not only serves as a piece of American financial history but also as a testament to the artistry and craftsmanship of the period. The coin continues to garner interest on platforms such as CoinFacts, Stack’s Bowers Galleries, and leading auction houses, solidifying its status as a must-have for serious collectors. Numismatists view the 1820/19 1C, BN as more than just a currency artifact but as an influential piece that has withstood the trials of time, showing the rich narrative of American numismatic history.
