1837 1C, BN (Proof)
The 1837 1C, BN (Proof) otherwise known as the 1837 Proof Large Cent, is a captivating piece of numismatic history that holds an esteemed position among collectors. Struck at the Philadelphia Mint, this particular coin is a part of the Matron Head series of large cents. It is notable for its very limited mintage as proof coins were not routinely issued nor widely documented during this period.
Rarity and Mintage
The 1837 proof large cent was produced in very limited quantities, though the exact mintage is unrecorded. Such proof coins from this era are exceptionally rare, with estimates suggesting that only a few dozen were produced and even fewer survive today. The rarity of these coins contributes significantly to their desirability and value among numismatists and collectors.
Numismatic History and Characteristics
Proof coins of the early 19th century were often struck for numismatic enthusiasts and dignitaries, sometimes as presentation pieces. The 1837 proof large cent features the “Matron Head” obverse design, a refined depiction of Liberty with a coronet inscribed "LIBERTY". The reverse showcases a classic wreath encircling the denomination "ONE CENT". From a numismatist's perspective, the allure of the 1837 proof large cent lies in its historical significance and pristine craftsmanship. The coin's design reflects a transitional period in early American coinage as artistic styles evolved.
Market Value and Sales
Values for the 1837 Proof Large Cent vary greatly depending on the coin's condition and authentication. Auctions have seen these coins sell for substantial amounts, often fetching tens of thousands of dollars for high-grade specimens. Collectors highly prize those certified in superior conditions, making them a centerpiece in any collection of early American proofs. Several notable sales underscore this coin's value: - A well-preserved specimen graded PR65BN might realize prices upwards of $50,000 at premium auctions. - Even lower-graded proofs can command significant sums, reflecting the coin's enduring appeal and scarcity. The coin's value is heavily influenced by its BN (Brown) designation with PCGS, as color and luster are crucial attributes in assessing proof coins from this era.
PCGS Details
According to PCGS CoinFacts, the PCGS number for the 1837 1C, BN (Proof) is 1808. This identification helps collectors and investors verify authenticity and establish grading consistency, crucial in such rare numismatic circles. Understanding these details ensures that collectors are equipped to make informed decisions when pursuing this historical piece.
Conclusion
The 1837 Proof Large Cent is a testament to early U.S. minting prowess. Its rarity, historical context, and well-documented past sales underscore its significance within the numismatic community. As these coins are seldom available, acquiring one not only involves significant investment but also becomes a profoundly rewarding endeavor in the stewardship of American numismatic history.
