1829 1/2C, BN
The 1829 Classic Head Half Cent is a fascinating piece of early American numismatic history. This coin, officially designated as the 1829 1/2C, BN (Brown finish), has been attracting collectors and numismatists due to its historical significance and rarity. Minted in Philadelphia, the only operating U.S. Mint in 1829, this coin is part of the Classic Head series that was produced from 1809 to 1836. Designed by John Reich, the Classic Head design is notable for its simplistic yet elegant representation of Liberty, with flowing hair and a headband inscribed with the word "LIBERTY."
Mintage and Rarity : The mintage for the 1829 Half Cent stands at a modest 487,000. Although not the lowest mintage within the Classic Head series, it certainly contributes to its desire among collectors, especially in higher grades. Its relative scarcity in well-preserved conditions elevates its status and value in the numismatic market. The PCGS CoinFacts assigns it the PCGS #1153.
Condition and Grading : The rarity of this half cent is amplified when considering condition. Many of these coins have either been lost to history or exist in lower grades due to circulation. Mint State examples are particularly hard to find, making them highly prized. The brown (BN) designation indicates that the coin has maintained its original brown copper patina, a desirable feature for many collectors.
Market Value and Sales : In recent auction sales, the 1829 1/2C BN has fetched noticeable prices. Coins in MS63 condition, for instance, can reach up to several thousand dollars, depending on the specific color designation and any unique provenance. Precise sales have recorded variations in pricing, often reflecting the rarity of high-grade specimens. The allure of this coin is seen in auctions where collectors actively bid, aiming to add such a significant piece to their collections.
Historical Context : From a historical perspective, the 1829 Half Cent reflects the early days of the American Republic, a time when copper coinage was essential for everyday transactions. These coins were often used in the smallest of trade, which is partly why many have endured heavy wear. The year 1829 marks an era when America's economic and geographic expansion was echoing the spirit of a growing nation.
Numismatist Insight : Experts emphasize the significance of this particular year within the Classic Head series. The shift in engraving techniques, the peculiarities of the time such as planchet inconsistencies, and other minting nuances make studying the 1829 issue particularly interesting for numismatists. The Classic Head Half Cents, especially those minted in lower quantities and surviving today in high grades, continue to captivate interest due to their blend of relative affordability in lower grades and significant value in finer conditions. In essence, the 1829 1/2C, BN remains a piece of American numismatic history that garners appreciation for its design, historical context, and market presence. This coin's story is not only about its physical attributes but also about its journey through nearly two centuries of American financial development. As collectors seek these rare pieces, the 1829 Half Cent continues to stand as a testament to the enduring legacy of early United States coinage.