1836 1C, BN
The 1836 1C, BN (Regular Strike) represents a significant moment in American numismatic history. Minted in Philadelphia, this coin is a part of the Matron Head Large Cent series, which was produced between 1816 and 1839. The year 1836 is noteworthy due to its relatively modest mintage and the subtle design changes that occurred in this era.
Mintage and Rarity
The Philadelphia Mint produced 1836 large cents, with a total mintage of approximately 2,111,000. Despite this seemingly large number, this coin is considered scarce, particularly in higher grades and with desirable coloration. The BN (Brown) designation indicates the coin has maintained a natural copper-brown hue, often preferred by collectors for its classic aesthetic.
Valuation and Sales
The value of the 1836 1C, BN varies based on condition and market demand. Prices begin at approximately $30 for well-circulated examples. However, coins in higher grades, such as Mint State examples, can command significantly higher prices. For instance, MS-63 specimens have sold for around $1,000 to $1,500 at auction. A notable sale included an MS-65 RD (Red) example that reached over $8,000, illustrating the premium placed on exceptional condition and color. These sales reflect the ongoing demand for quality examples of early American coinage.
Historical Significance and Design
From a historical standpoint, the Matron Head design represents a transition in U.S. coinage. Chief Engraver William Kneass made subtle alterations to Robert Scot's original design, refining Liberty’s profile and the surrounding features. This era in coinage highlights the growing pains of a maturing minting process in the early 19th century America.
Collectability and Characteristics
Collectors of the 1836 1C, BN often seek pieces that exhibit original surfaces and minimal wear, qualities that can be challenging to find due to the coin's age. The Brown designation indicates that any red coloration from the original mint luster has toned to a uniform brown, which is generally more stable and prized for older copper coins.
Additional Information
According to PCGS CoinFacts, the coin holds the PCGS number 1726, crucial for collectors using the PCGS grading and registry services to authenticate and grade their coins. The survival estimates suggest a limited number of coins remain in top condition, enhancing their desirability. The numismatic community continues to appreciate the 1836 1C, BN for its historical context and enduring allure. Its presence in significant auctions, as evidenced by sales platforms and numismatic collections, underscores the 1836 large cent's relevance and appeal. Collectors are advised to seek coins with strong strikes and minimal surface distractions to ensure long-term value and enjoyment.
