1821 1C, BN
The 1821 1C, BN (Brown) Large Cent is a numismatic treasure with a fascinating history that intrigues collectors and investors alike. Struck at the Philadelphia Mint, this coin is a part of the Coronet Head series, designed by Robert Scot. Known for its intricate design and historical significance, the 1821 Coronet Head Large Cent is a beloved piece among numismatists.
Mint and Mintage
Philadelphia Mint, the sole mint operating in the United States at the time, produced the 1821 Large Cent. This particular year, the mintage was relatively modest, with approximately 389,000 coins produced. This limited mintage adds to the rarity and desirability of the coin among collectors today.
Rarity and Collectibility
The 1821 Large Cent stands out due to its comparative rarity and the challenges involved in finding well-preserved specimens. Most of these coins were released into everyday circulation, being subjected to extensive wear and tear. As a result, finding examples in higher grades is significantly challenging, which enhances its value among collectors. The designation "BN," which stands for Brown, refers to the coin’s natural toning, a result of oxidization over nearly two centuries.
PCGS Information
The Professional Coin Grading Service (PCGS) recognizes the 1821 1C, BN with the PCGS Number 1621. Collectors often rely on third-party grading services like PCGS to authenticate and grade coins, which significantly impacts the coin’s value. The PCGS Price Guide and Population Report provide insights into the coin's market performance and availability across various grades.
Market Performance and Value
The 1821 Large Cent’s value varies widely based on its condition. Coins in Good to Fine condition might fetch anywhere from a few hundred dollars, while those in Mint State condition can reach several thousand dollars at auction. For instance, coins graded by PCGS as MS62 or MS63 can be particularly valuable given their scarce availability in such high preservation levels. Numerous auctions have showcased the appeal of this classic coin. A notable sale includes an MS63 example that garnered significant attention and realized impressive prices due to its exceptional condition and eye appeal. Such sales reflect the coin’s ongoing desirability among investors seeking tangible assets with historical significance.
Historical Context
From a historical perspective, the 1821 Large Cent comes from a time when the United States was rapidly expanding, and industrialization was beginning to reshape the economy. This era was marked by significant social and economic transformations, with coins like the 1821 Coronet Head Large Cent being a tangible link to the post-Revolutionary War period in America.
Numismatic Insight
Numismatists hold the 1821 Large Cent in high esteem, not only for its aesthetic qualities but also for its representation of early American monetary policy. Collectors often seek this coin to complete a set of Coronet Head cents, a challenging endeavor due to the scarcity of high-grade specimens from these early years. In conclusion, the 1821 1C, BN Large Cent is a prized component of any serious numismatic collection. Its rarity, combined with historical and economic narrative, continues to captivate collectors, ensuring its enduring legacy in the realm of U.S. coinage.
