1832 1C Large Letters, BN
The 1832 1C Large Letters, BN (Regular Strike) is a remarkable cent that draws interest from numismatists due to its historical significance and unique characteristics inherent from its era. Minted in the early 19th century, this coin reflects a period when the United States was expanding and evolving.
Rarity and Mintage
The 1832 Large Cent with Large Letters was minted at the Philadelphia Mint, like all Large Cents of that period. The mintage for this year totaled approximately 2,362,000 coins, a relatively moderate number for early American coinage, contributing to its desirable nature among collectors. The "Large Letters" designation refers to the style of lettering used on the coin's reverse, which was distinctive to several early copper cents.
Numismatic Value and Collectibility
The value of the 1832 1C Large Letters, BN can vary greatly based on its condition and level of preservation. Coins that have been well-kept or are in higher grades naturally command higher prices in the market. Notable auction sales demonstrate the potential worth of these coins. In circulated low-grade conditions, they may start at modest pricing, but in higher grades (such as MS65 Brown), they can fetch several hundred dollars or more. Pricing tends to be influenced significantly by market demand and the specific appeal of early American copper coins. Due to their age, many of these coins have naturally endured wear and circulate marks, affecting their pricing. Collectors often seek those with appealing patina and clear details.
Historical Context and Design
Designed by Chief Engraver William Kneass, this Large Cent features Liberty on the obverse. Liberty is depicted with flowing hair and a headband inscribed with "LIBERTY," surrounded by stars representing the original states. The reverse shows a wreath with the denomination "ONE CENT" encircled by "UNITED STATES OF AMERICA." The use of rich brown copper gave it the BN (Brown) designation that is popular among numismatists.
Market Overview
Interest in the series is consistently strong due to its historical allure and the artistry of early American coinage. Progressive auctions have recorded significant prices for well-preserved examples, underscoring both their rarity and the enthusiasm from the collecting community. The advantage of owning a Large Letter variant from 1832 is accentuated by its appeal both as a collectible and historical artifact.
PCGS Insights
According to PCGS CoinFacts, the 1832 1C Large Letters holds a PCGS number of 1661. PCGS grading provides a credible framework for evaluating these coins, particularly important for both novice and seasoned collectors who wish to ascertain the authenticity and quality of their specimens. For numismatists, the 1832 Large Letters cent remains a charming representative of early U.S. minting endeavors, demonstrating the intrication of artistry and historical craft. As the market evolves, the 1832 1C Large Letters, BN continues to capture the imagination of enthusiasts, epitomizing a tangible link to the early days of American numismatics.
