1823 1C, BN (Proof)
The 1823 1C, BN (Proof) is part of the illustrious series of early American large cents, renowned among numismatists for its rarity and historical significance. The 1823 cent holds a special place in numismatic history, offering collectors insight into the minting practices of the early 19th century. Produced at the Philadelphia Mint, this coin captures the essence of classic U.S. coinage. The specific mintage of 1823 proof cents is unknown, as records from this era do not distinctly separate proof issues from regular strikes. However, it is widely accepted that the 1823 Proof Large Cent is extremely rare, with only a handful known to exist today.
Researchers and numismatists suggest that fewer than 10 examples are accounted for in collections, showcasing the unique challenge collectors face in acquiring this particular example. As reported on coinfacts.com, this coin is identified by PCGS# 397451. The PCGS (Professional Coin Grading Service) registry provides valuable data for collectors, highlighting the rarity and preserving the historical value of such coins. In terms of market value, the 1823 1C, BN (Proof) has achieved impressive prices at numismatic auctions. Heritage Auctions and Stack's Bowers have both facilitated sales of this coin, with prices reflecting its rarity and condition. For example, a notable sale occurred when a specimen commanded over $150,000, illustrating its desirability among serious collectors.
The historical aspect of the 1823 1C, BN (Proof) is equally important to its monetary value. Large cents of this period were instrumental in everyday commerce, often criticized for their cumbersome size yet appreciated for their economic importance. Proof versions, like the 1823 cent, were often produced in limited quantities for presentation purposes or for contemporary collectors, enhancing their allure today.
In terms of design, the 1823 large cent features the classic Matron Head style, a characteristic representation of Liberty adorned with a coronet inscribed with "LIBERTY." The reverse showcases the denomination "ONE CENT" encircled by a wreath, reflecting the straightforward elegance of early American coinage design. Numismatists treasure the 1823 1C, BN (Proof) not only for its rarity but also for its role in the timeline of U.S. minting history. As collectors and historians continue to study this piece, its importance is further solidified by its connection to the formative years of American numismatics. Its continued appearance in auction catalogs fosters a greater appreciation and understanding of early American coinage, ensuring its legacy endures in the annals of coin collecting history.
