1829 1C Medium Letters, BN
The 1829 1C Medium Letters, BN (Regular Strike) is a fascinating piece for numismatists, known for its historical significance and rarity. This coin, part of the Coronet Head Large Cents series, is especially sought after by collectors due to its distinctive design and the era it represents. Minted at the Philadelphia Mint, this coin bore the classic Liberty Head with medium letters that make it a unique variant within its series. With a mintage of approximately 3,712,156, one might think that these coins would be relatively abundant. However, due to the passage of time and the conditions under which they have survived, high-quality specimens are considerably rare.
The survival rate of coins from this period is low, making the 1829 Medium Letters variant rarer than one might expect based on mintage numbers alone. From a value perspective, the 1829 1C Medium Letters, BN has demonstrated strong results at various auctions. Prices can vary dramatically depending on the coin's condition, with lower-grade examples fetching a few hundred dollars and well-preserved coins demanding several thousand dollars. For instance, high-grade versions in Mint State often garner premium prices due to their scarcity in the numismatic market.
Notably, an MS65 graded example of this coin could achieve a price upwards of $10,000, reflecting its desirability among collectors. This coin is indexed under PCGS #1666. Collectors often rely on PCGS certification to ensure the authenticity and quality of their pieces. The PCGS CoinFacts database provides important insights into the coin's market performance and typical sale prices, enhancing its appeal among collectors looking for an in-depth understanding of its historical and financial trajectory. In terms of historical context, the Coronet Head design belongs to a period of American numismatics dominated by bronze coins before the Civil War. These coins were made from copper and depict cultural and aesthetic nuances of America during the early 19th century.
The "Medium Letters" refers to the font size used for inscriptions, which distinguishes it from other variations within the series. From a numismatist's point of view, the 1829 Medium Letters variant holds significant intrigue due to the details of its craftsmanship and the modifications in typography, representing a transitionary phase in coinage styles and techniques. Collectors appreciate this coin not only for its rarity and potential value augmentation but also for its embodiment of an era when American coinage was finding its definitive style. Exploring the nuances of the 1829 1C Medium Letters provides a window into the past, where the artistry and practicalities of minting converged during a vibrant era of U.S. history.
