1836 1C, BN (Proof)
The 1836 1C, BN Proof is a highly sought-after coin among numismatists, primarily due to its rarity, historical significance, and remarkable design. This coin, known as the 1836 Proof Coronet Head Large Cent, was minted in limited numbers, which adds to its desirability among collectors.
Mint and Mintage
The 1836 Proof Large Cent was minted at the Philadelphia Mint, which was the only mint operating in the United States at the time. The mintage figures for Proof large cents from this era are not well-documented. However, it is generally accepted that fewer than two dozen examples of the 1836 Proof Large Cent exist today, making it extremely rare. According to PCGS CoinFacts, the PCGS number for this coin is 1806. The scarcity of the 1836 Proof Large Cent, compounded with its age and historical allure, contributes significantly to its premium value in the numismatic market.
Historical Significance
The 1836 1C Proof is part of the Coronet Head series, which ran from 1816 to 1839. This particular year marked a period of transition from hand-engraved coinage to steam-powered coin production at the Philadelphia Mint. The adoption of steam technology was emblematic of the broader industrial revolution taking place in the United States during the early 19th century, showcasing advancements that would shape the future of minting practices.
Design Features
The 1836 Proof Large Cent features the Coronet Head design by Chief Engraver William Kneass. The obverse portrays Liberty facing left, adorned with a coronet inscribed with the word "LIBERTY." The reverse design includes a laurel wreath encircling the denomination "ONE CENT," reflecting the classical design elements popular at the time.
Rarity and Value
Given the rarity of the 1836 1C Proof, it commands a high value in auctions and private sales. Collectors appreciate its historical context, limited availability, and original design. Notable sales include examples graded by PCGS, fetching impressive prices that often extend into high five-figures or even six-figure realms, depending on the condition and market demand. For instance, in past auction sales, pristine examples of the 1836 Proof Large Cent have sold for amounts approaching $200,000. The coin's desirability is magnified by its Proof status, which indicates striking with specially prepared dies on polished planchets, resulting in a finer, more detailed finish compared to regular circulation strikes.
Collectability and Numismatic Interest
The collectability of the 1836 1C Proof extends beyond its rarity. Numismatists admire it for its representation of early 19th-century minting technology and artistry. Furthermore, the coin is a tangible connection to the economic and industrial developments of the period. Additionally, the coin's inclusion in esteemed numismatic collections and prominent auction sales makes it a cornerstone piece for collectors specializing in early American copper coins. Its elusive nature ensures that it remains a coveted piece for those seeking to complete a collection of Proof Large Cents from this era. In conclusion, the 1836 Proof Large Cent stands as a masterpiece of early American numismatics. With its low mintage, compelling history, and exquisite craftsmanship, it remains one of the most remarkable and sought-after coins for collectors and enthusiasts.
