1822 1C, BN (Proof)
The 1822 1C, BN (Proof) is an exceptional and exceedingly rare coin in the pantheon of early American numismatics, highly coveted by collectors for its historical significance and unique attributes. As a proof example of the Coronet Head Large Cent, it reflects both the aesthetic and technical aspirations of early 19th-century American minting.
Historical Background
The early 1820s were a transformative period for the United States Mint. The production of proof coins was not the formalized process it is today; rather, proofs were typically crafted for special occasions, prominent individuals, or internal use at the Mint. Consequently, the 1822 proof large cent was likely struck under unique circumstances, adding to its allure among collectors.
Minting Details and Rarity
Struck at the Philadelphia Mint, the 1822 1C, BN (Proof) was part of the Coronet Head design series, which ran from 1816 to 1839. This series, designed by Chief Engraver Robert Scot and later modified by William Kneass, showcases an elegant profile of Lady Liberty adorned with a coronet inscribed with "LIBERTY." The mintage of proof coins from this era was not systematically documented. The rarity of the 1822 proof cent is underscored by the mere handful of specimens known to exist today. Its rarity is compounded by the lack of precise historical records regarding its production.
PCGS Details
According to PCGS CoinFacts, the 1822 1C, BN (Proof) is assigned the PCGS #1614, highlighting its official catalog presence. The scarcity of this coin ensures that it remains a prized possession for those fortunate enough to acquire it.
Market Value and Sales
In terms of value, the coin's appraised worth significantly hinges on its condition and provenance. Over recent years, 1822 proof large cents have fetched remarkable sums at auction, consistently achieving high five-figure, sometimes even six-figure prices. These auctions underline the coin's esteemed status amidst numismatists and collectors. Although tracking exact sales without referencing specific companies can be challenging, it is commonly observed that sales range between $50,000 to over $100,000, depending on the coin's condition and market circumstances at the time of sale.
Numismatist Perspective
From a numismatist's point of view, the 1822 proof large cent is more than a rare artifact; it represents a treasure trove of early American cultural and economic history. Each coin bears witness to the nascent nation's ambitions, its evolving artistry, and the technological progress of the U.S. Mint. Distinctive features such as the smoothness of the fields, sharpness of the strike, and the subtle nuances in the die work distinguish these proofs from circulation strikes. The rich brown (BN) tonality adds to its visual appeal and legacy as a preserved gem from the past.
Conclusion
The 1822 1C, BN (Proof) remains a pinnacle for collectors and historians alike, embodying a piece of early American monetary history. Its scarcity, combined with historical intrigue and the artistry of its design, ensures its stature as a cornerstone of any premier numismatic collection.
