1834 1C Large Letter Reverse, BN (Regular Strike)
The 1834 1C Large Cent with Large Letters Reverse, BN (Brown) is a significant coin from early American numismatics. This particular cent is a part of the Matron Head series, which was minted from 1816 to 1839. The 1834 edition is recognized for its strong design elements and overall historical value.
Rarity and Mintage
The 1834 Large Cent is known for its collector interest due to the modest mintage numbers and its age. According to PCGS CoinFacts, the mintage for the 1834 Large Cent is approximately 1,855,100. Although this isn't considered extremely low, the survival rate of these coins is significantly reduced due to circulation wear over the years and other factors that typically affect early American coinage.
Numismatic Significance
From a numismatist's perspective, the 1834 Large Cent represents a fascinating period in U.S. coinage. The Large Letters Reverse variation commands particular interest because it indicates specific die varieties used during production. These coins were produced in the Philadelphia Mint, which was the only mint operating at this time for coinage distribution within the United States.
Value and Sales
The value of an 1834 Large Cent can vary greatly depending upon its condition, rarity, and the specific variety. Brown (BN) graded coins typically fetch good prices in the collector market. For instance, lower-graded coins can often be found priced from $50 to $100, while coins in higher grades with full details and minimal wear can range anywhere from $500 to over $1,000. Auction records and sales have seen prices reach even higher for particularly well-preserved and rare die varieties.
Comparable Sales
When examining auction results, key sales exemplify the coin’s value dynamics. A notable sale included an 1834 Large Cent in an extremely high grade, achieving a substantial price at auction. These sales of meticulously preserved examples underscore the desirability of higher-grade coins and reflect their historical investment potential.
Historical Context
The era during which these coins were minted was marked by rapid American expansion and development, with coinage playing a crucial role in everyday commerce. The Matron Head design itself underwent several modifications throughout its lifecycle, with the Large Letters Reverse being one of these noteworthy adaptations. This particular variety is cherished for its comprehensive depiction akin to the robust artistic expression of the era.
Collectability and Market Trends
The collectability of the 1834 1C Large Letter Reverse, BN, remains robust. Collectors are often drawn to its historical significance, intricate design, and the challenge of finding well-preserved examples. As markets trend, early American copper coins continue to be viewed as a stable investment, with interest particularly from those specializing in early American numismatics. Prospective buyers are advised to pay careful attention to the coin's condition, certification, and any documented provenance, which can significantly affect its market value. In conclusion, the 1834 1C Large Cent with Large Letters Reverse remains a coveted piece among numismatists and collectors alike. The PCGS designation for this coin falls under PCGS #1705, which provides a detailed reference for grading and evaluating its premium features. As such, its enduring appeal and historical significance ensure its place in the annals of American numismatic history.
