1827 1C, BN
The 1827 1C, BN (Regular Strike) is an intriguing piece for numismatists and collectors, recognized for its historical significance within early American currency. Part of the long-running series of Large Cents, it was struck at the U.S. Mint in Philadelphia, which was the sole minting facility of the time. The 1827 Large Cent is known for its classic design, featuring Lady Liberty on the obverse and a simple, yet striking, wreath on the reverse.
Mintage and Rarity
The 1827 Large Cent boasts a mintage of 2,357,732 coins, making it a relatively common issue within the series. Despite its large mintage, high-grade examples, especially those in uncirculated condition, are scarce and command significant interest from collectors. The coin's availability in lower grades makes it an accessible entry point for hobbyists, while its rarity in higher grades captures the attention of seasoned collectors.
Varieties and Characteristics
This coin was struck in the familiar "Matron Head" design, characterized by variations in its die, owing to the hand-crafting process of the time. It's possible to encounter several minor varieties, including differences in the spacing of the date or lettering, which can add a fascinating dimension to its collectability. The coin is most often seen with a "BN" (Brown) designation, indicating its original copper coloring has mellowed over time.
Market Value and Auction Sales
Value for the 1827 1C largely depends on condition and the specific variety. As of current market trends, circulated examples in low grades can be procured for relatively modest sums, often under $100. However, examples in higher grades, particularly those certified as mint state by PCGS (Professional Coin Grading Service), can achieve prices ranging into the thousands. Auction results paint a vivid picture of its market potential; for instance, a particularly well-preserved example might fetch significantly over average market values owing to its desirability among collectors.
PCGS CoinFacts Specifications
According to PCGS CoinFacts, the mint of origin is Philadelphia with a mintage number of 2,357,732. The PCGS number for this coin is an essential reference for collectors attempting to verify their coin's authenticity and grade.
Numismatic Interest
From a numismatist's perspective, the 1827 Large Cent is not just a piece of currency, but a relic from an era of significant growth and change in the United States. Its production during the early 19th century parallels the nation's expansion and the evolving techniques in minting and die production. Collectors may seek this coin to complete a date set or appreciate the nuances of its aging surface and historical journey. For those delving deeper, beyond the marketplace value, each 1827 1C, BN tells a story of the past, embodying a moment when the United States was shaping its identity and laying the foundations for modern commerce. Its enduring appeal lies in its historical roots and the allure of possessing a tangible connection to America's numismatic legacy.
