1831 1C, Coronet Head Cent (Proof)
The 1831 1C, BN (Proof) Large Cent is a remarkable and rare coin that holds significant historical and numismatic interest. Minted at the Philadelphia Mint, this coin is a part of the Coronet Head series and is notable for its Proof production, which aimed to demonstrate the intricate design and minting capabilities of the time. The Proof coins are struck with special dies and blanks, resulting in a sharper and more polished finish compared to regular circulation coins.
Rarity and Mintage
The 1831 1C, BN (Proof) is exceedingly rare. It is known that only a small number of these Proofs were produced, specifically for collectors and dignitaries of the era. While exact mintage numbers are not officially documented, estimates suggest that fewer than 20 coins may have been minted. Its rarity makes it a highly sought-after piece among numismatists and collectors. According to PCGS CoinFacts, the coin is cataloged under the PCGS #1796.
Historical Context
From a historical perspective, the 1831 Large Cent reflects the evolving coinage techniques and artistic preferences of the early 19th century. During this period, the U.S. Mint was refining its processes, and Proof coins were often struck to demonstrate these advancements. The Coronet Head design, in use from 1816 to 1839, is attributed to U.S. Mint Chief Engraver William Kneass and showcases Liberty facing left, adorned with a coronet inscribed with "LIBERTY."
Notable Sales and Value
The 1831 1C, BN (Proof) has fetched impressive amounts at auction due to its rarity and condition. In recent years, sales have seen these coins achieve prices upwards of tens of thousands of dollars, depending on their state of preservation and provenance. For instance, an auction might see bids go beyond $40,000 for a well-preserved specimen. These values can vary significantly with the coin's PCGS grading, emphasizing the need for potential buyers to invest in professional grading and authentication.
Numismatist Insights
From a numismatist's perspective, the 1831 1C, BN (Proof) provides a glimpse into the special care taken in minting limited edition coins. Its intricate details and the story behind its creation add to its allure. The coin's rarity, combined with the historical significance of its era, make it a treasured piece for collectors who seek to own a tangible connection to the past. Coin enthusiasts appreciate the Proof version for its exceptional detail and depth, setting it apart from the standard circulation coins. Collectors are advised to consult reputable sources and experts when seeking to acquire such rare coins. The 1831 1C, BN (Proof) Large Cent not only represents an opportunity for numismatic investment but also serves as a historical artifact reflecting early American minting artistry.
