1824 1C, BN
The 1824 1C, BN (Braided Hair Large Cent) is a notable coin within the realm of early American copper coinage, highly coveted by numismatists and collectors because of its historic significance and intricate design. Minted at the Philadelphia Mint, the 1824 Braided Hair Large Cent holds a unique place in U.S. numismatic history.
Rarity and Mintage
The 1824 Large Cent is considered quite rare given the relatively limited mintage numbers. The official mintage for the 1824 1C was 1,262,000 coins, a modest figure when compared to modern-day coin production standards. This specific mintage makes it a desirable piece for collectors seeking to complete early U.S. cent collections. The coin’s rarity is enhanced by the survival rate of the coins in collectible conditions, as many were lost, damaged, or worn beyond recognition over the years due to regular circulation.
Design and Historical Context
Designed by Robert Scot, the 1824 Large Cent represents the Classic Head design, which is known for its portrayal of Liberty adorned with a ribbon and flowing hair. The reverse features a wreath encircling the denomination “ONE CENT.” This coin, minted within a few decades of the U.S. Mint’s inception, is a testament to the evolving precision and artistry of early 19th-century American coinage. From a historical perspective, the 1824 Large Cent bears witness to a significant period in early American history, aligning with the era of President James Monroe’s presidency and the growing industrialization of the United States.
Value and Market
The value of the 1824 Large Cent varies significantly based on its condition, with price fluctuations across different grades. Coins in higher grades with exceptional eye appeal can command a premium in auctions and private sales. On the lower end, heavily circulated coins may be more accessible to beginner collectors, while examples in mint state or near-mint condition can fetch higher prices due to their scarcity in such preservation. Recent sales of the 1824 Large Cent have demonstrated solid interest and competitive bidding among collectors. Auction records have shown that a coin in a grade of AU-50 might sell for several hundred dollars, whereas specimens in MS-63 or higher can exceed thousands, contingent on the specific coin’s historical provenance and physical state. Notable sales have highlighted coins achieving premium prices when presented in high-grade conditions and with original lustrous surfaces.
PCGS and Numismatic Significance
According to PCGS CoinFacts, the 1824 1C is assigned the PCGS #1637, which helps to uniquely identify this specific coin. PCGS CoinFacts provides a comprehensive grading guide and an overview of the coin's historical context, offering insights into the market dynamics and the coin’s heritage. Enthusiasts and scholars alike appreciate the 1824 1C, BN, for its aesthetic and historical value, ensuring its continued appeal within the numismatic community. It embodies the rich heritage of early American coinage and is a critical component of any serious collection focused on U.S. history and coin collecting artistry.
