1831 1C Large Letters, BN
The 1831 1C Large Letters, BN (Regular Strike) is a fascinating piece of numismatic history, cherished by collectors for its design and rarity. This coin was minted at the Philadelphia Mint, a pivotal institution in the early growth of American numismatics. In 1831, the mint produced 3,359,260 cents, but the Large Letters variant with the Brown (BN) color designation is decidedly rarer and sought after among enthusiasts.
The Large Letters variety of the 1831 Coronet Head cent is distinguished by its bold lettering on the reverse, which offers a more pronounced appearance compared to its Small Letters counterpart. The "BN" designation indicates that the coin's surface retains a majority brown tone, a natural patina that emerges over decades. Collectors often appreciate this natural coloration as it signifies the coin's age and history.
From a historical perspective, the 1831 Large Letters cent represents an era of robust growth and change in the United States. Andrew Jackson was the President, and the country was undergoing rapid industrialization. Coins from this period are invaluable artifacts that offer a glimpse into this transformative time.
The PCGS (Professional Coin Grading Service) recognizes this variant under the PCGS #1678. Given its rarity, collectors covet high-grade specimens of the 1831 1C Large Letters cent. Most coins available today are in circulated condition, but uncirculated examples occasionally appear on the market, commanding premium prices.
The coin's market value is influenced significantly by its condition, with prices varying from a few hundred dollars in lower grades to several thousand in higher grades. For instance, auction records show that a higher-grade example in MS (Mint State) condition has fetched prices at the upper end of the spectrum. Historical sales data reveal that top auctions have seen well-preserved coins selling up to $6,000 or more, reflecting their desirability and scarcity.
Collectors often refer to comprehensive sources like PCGS CoinFacts, which provides detailed information about known examples, auction histories, and pricing trends. The numismatic community values such resources for their ability to shed light on a coin's rarity and investment potential.
In conclusion, the 1831 1C Large Letters, BN cent is a standout piece with a rich historical narrative. Its allure lies not only in its design and rarity but also in its embodiment of early 19th-century America. As such, it remains a prized possession for many collectors, offering significant insight into the era it represents.
