1822 1C, BN
The 1822 1C BN (Regular Strike) Large Cent is a fascinating piece for numismatists due to its historical value, relative rarity, and market dynamics. These coins were minted during the era when large cents were created from 100% copper, carrying significant historical importance as part of early American coinage.
Mint and Mintage Information:
Minted at the Philadelphia Mint, the 1822 Large Cent had a mintage of 2,072,339. This may seem like a high number, but many of these coins have been lost, damaged, or circulated heavily over the years, contributing to its rarity today. According to the Professional Coin Grading Service (PCGS), this particular large cent is listed under the PCGS #1607.
Historical Context and Numismatic Significance:
The 1822 Large Cent represents an era of American numismatics where the focus was on functionality rather than artistry, resulting in a coin that is robust yet simplistic in design. These coins were foundational in the economic transactions of early 19th century America. Collectors value them not just for their intrinsic monetary worth but for their connection to the everyday lives of past generations.
Rarity and Market Value:
The rarity of the 1822 1C BN becomes more pronounced as you look at higher grade specimens. Most coins from this year available to collectors exist in lower grades due to heavy circulation. However, coins that have been preserved well or those in uncirculated condition can fetch a premium. For instance, coins graded by PCGS or NGC in higher conditions can command significant sums at auction.
VG8 to VF20 Grades:
In these grades, the coins are more affordable but are still valued by collectors for their type and historical significance.
EF40 to AU55 Grades:
Coins in these conditions show average wear and can sell for a few hundred dollars.
MS60 and Above:
These coins are highly sought after, commanding thousands. For example, a sale might see an MS65 fetching upwards of $15,000.
Auction Records and Sales:
While specific recent sales figures from auction houses are not cited here directly, auctions often list 1822 Large Cents at varying prices depending on their condition. Browsing through auction results sheds light on how highly treasured these coins are, with prices influenced by factors such as provenance, toning, and strike quality.
Collectibility and Investment Potential:
Investing in an 1822 Large Cent can be rewarding for collectors focusing on U.S. early copper coins. Their desirability remains robust, bolstered by a steady interest from both hobbyists and serious numismatists. Furthermore, these coins serve as a tangible connection to American history, offering an intriguing glimpse into the monetary system of the 1800s. In conclusion, the 1822 1C BN Large Cent stands as a testament to early American coinage, appreciated for its historical significance and rarity. Its journey from a token of everyday commerce to a prized collectible enhances its allure in the eyes of numismatists worldwide.
