1827 1C, BN (Proof)
The 1827 1C, BN (Proof) Large Cent is a numismatic rarity with a compelling history and value that resonates with coin collectors and investors. Struck at the Philadelphia Mint, this proof coin exemplifies the superior craftsmanship of the early 19th century. The coin features the Coronet Head design, characterized by Lady Liberty with a coronet inscribed with the word "LIBERTY," surrounded by stars and an agriculturally themed reverse with the denomination surrounded by a wreath.
Mint and Mintage Details:
Mint: Philadelphia
Mintage: Although not precisely documented, it is universally acknowledged that the 1827 1C Proof Large Cent mintage was extremely limited, likely fewer than 20 pieces, as was typical for proof coins of this period.
PCGS #:1786
Rarity and Historical Significance
The rarity of the 1827 1C, BN (Proof) is heightened by its scarcity in the numismatic market. Many of these proof large cents were distributed to collectors of the time, or saved by Mint officials, and have since become prized possessions in advanced collections. The limited number still existing today enhances its desirability among collectors, and it is considered an extremely rare find in any auction or private sale.
Market Value and Auction Performance:
Due to its rarity and historical context, the 1827 1C, BN (Proof) achieves remarkable prices at auction. Its value is influenced by its condition, provenance, and market demand. For instance, specimens graded by agencies such as PCGS or NGC can fetch higher premiums. Historically, sales of this coin at major auction houses have surpassed the six-figure mark, with pristine examples or those with notable provenance commanding even higher values.
Numismatic Insights
From a numismatist's perspective, the 1827 1C, BN (Proof) holds significant historical interest, representing not just a currency, but a piece of American history. The Coronet Head design itself is a point of study, reflecting the artistry and technological capabilities of the United States Mint in the 1820s. Original proof coins like the 1827 large cent provide a tangible connection to the past, allowing collectors to appreciate the coinage of an era that eroded in everyday circulation.
Condition and Appeal
The appeal of owning such a rare piece is steeped in both its aesthetic beauty and its storied past. Collectors prize these coins not only for their rarity but also for the exceptional detail in their strike, a hallmark of proof coins. The "BN" designation indicates a Brown surface, which is common for copper coins of this age, though red and red-brown variations exist with higher value due to their eye appeal. Owning an 1827 1C, BN (Proof) is a testament to a collector's dedication and passion for early American coinage, serving as a cornerstone in any collection and a conversation piece that attracts the admiration of fellow numismatists. The coin's appeal is timeless, embodying the rich history of the United States Mint and the intricate artistry of early 19th-century American coin design.
