1834 1C Lg 8, Lg Stars, Med Lt, BN
The 1834 1C Large Cent, categorized as the Large 8, Large Stars, Medium Letters, and Brown (BN) variant, is a notable and intriguing coin among numismatists and collectors. This regular strike coin is a part of the Coronet Head series designed by Chief Engraver William Kneass, which was minted from 1816 to 1839. The 1834 large cent features a bust of Liberty facing left, surrounded by stars with the date below, while the reverse bears a simple wreath enclosing the denomination, "ONE CENT."
The 1834 Large Cent is distinguishable by its specific characteristics: the 'Large 8' in the date, 'Large Stars' encircling Liberty, and 'Medium Letters' on the reverse. The coin is known for its appealing simplicity yet holds significant historical value due to its age and circulation period.
From a rarity perspective, the 1834 1C Large 8, Large Stars, Medium Letters, BN is relatively common within the entire Large Cent series, making it an accessible option for many collectors focusing on this era of early American copper coinage. It enjoys popularity due to its classic design and historical appeal. However, the overall condition significantly impacts its desirability and value.
In terms of mintage, the year 1834 saw a production of 1,855,100 large cents at the Philadelphia Mint. It's essential to note that while this figure represents the year’s total mintage, variations such as the Large 8, Large Stars, Medium Letters affect the population within this mintage and, subsequently, its market value. The PCGS (Professional Coin Grading Service) has assigned the catalog number 1702 to this specific coin. Values for the 1834 Large Cent (Lg 8, Lg Stars, Med Lt, BN) typically vary based on grade, with entry-level circulated examples ranging between $30 to $80. Meanwhile, higher-graded specimens, particularly those with minimal wear and original surfaces, can command significantly higher prices, leading upwards of $500 and more for examples in XF (Extra Fine) condition or higher.
For the latest auction results and values, collectors often refer to reputable sales and auction records. Recent sales indicate a steady interest in well-preserved examples; for instance, a certified and high-grade coin might achieve notable figures in auctions, evidencing the continuous demand for quality purveyors of numismatic history.
From a historical context, collectors and numismatists view the 1834 Large Cent not merely as currency but as a piece of 19th-century Americana. It reflects the socio-economic conditions of the era, the craftsmanship and technological capabilities of the early U.S. Mint, and the daily life of Americans who used these coins well before the age of the modern economy.
For enthusiasts and investors in early American copper, the 1834 Large Cent presents both challenge and opportunity, through condition rarity and the compelling narratives it offers of America’s numismatic legacy.
