1823/2 1C, BN (Proof)
The 1823/2 1C BN (Proof) Large Cent is an intriguing piece for numismatists and collectors, blending historical significance with notable rarity. This variety originates from the early 19th century, embodying the unique and evolutionary period of U.S. minting practices. It features the Matron Head design, a prevalent style during that era, symbolizing Liberty. This particular overdate, the 1823/2, is characterized by the over-punched numeral in the date, a product of the Mint's practice of reusing dies.
Mint and Mintage Information:
This proof coin was minted at the Philadelphia Mint, the original site of U.S. coin production, known for its meticulous craftsmanship, especially in the creation of proofs. The 1823/2 1C proof is as rare as it is alluring, with a minuscule mintage, making it highly sought after in the numismatic community. Exact mintage figures are not specified for the proof striking, as they were produced in extremely limited quantities, often individually or in very small batches for collectors and dignitaries of the era.
Rarity and Appeal:
Its rarity is further accentuated by its Proof designation, exceptional for the period, as proof coins were typically not intended for circulation but rather to demonstrate the Mint's capabilities and for preservation. Such pieces were rarely saved at the time of issue, making them highly coveted today. The survival rate is exceptionally low, with only a handful known to exist today.
Value and Auction Highlights:
The value of the 1823/2 1C BN (Proof) can reach impressive figures at auctions, reflecting its scarcity and demand among collectors. For instance, notable sales have seen prices ranging from tens of thousands to over a hundred thousand dollars, depending on the coin's condition, provenance, and market conditions at the time of sale. These auction results demonstrate the premium that collectors are willing to pay for this early American numismatic artifact.
Historical Context and Numismatic Significance:
From a historical viewpoint, the 1823/2 overdate reflects the Mint's practice of extending the usability of existing dies due to resource constraints, a testament to the frugality and resourcefulness of the early Mint. The unusual overdate error makes this coin a fascinating study for numismatists interested in the evolution of die-making and coin production techniques during the early 19th century. This coin represents not only a monetary unit but also a tangible piece of American history, offering insight into the economic and technological conditions of its time.
PCGS Information:
According to PCGS CoinFacts, this particular coin is cataloged under PCGS number #1777. The listing provides essential data on known specimens, estimated survival rates, and in-depth coin specifications that are invaluable to collectors and researchers.
In summary, the 1823/2 1C BN (Proof) Large Cent is a storied artifact of American numismatics. Its rarity, coupled with the historical intrigue of its overdate error, makes it an important addition to any collection that cherishes early American coinage. The allure of the 1823/2 proof lies in its near-mythical scarcity, historical narrative, and the mystery behind its production, all of which ensure its place in the highest echelons of collectible U.S. coinage.
