1838 1C, BN
The 1838 1C, BN (Braided Hair Large Cent) is a significant coin in numismatic circles, known for its history, rarity, and collectible value. The coin, minted in Philadelphia, is part of the Braided Hair series which ran from 1837 to 1857. This series marked the final iteration of large cents before the transition to the small cent format.
Rarity and Mintage
The 1838 1C is not exceptionally rare compared to other early American coins, but it holds interest due to its age and historical context. The total mintage for the 1838 Braided Hair Large Cent was approximately 6,370,200. Despite this relatively high mintage, the number of surviving coins is considerably lower, especially those in higher grades. This has led to the coin being desirable among collectors, particularly in well-preserved condition.
PCGS and Values
According to PCGS CoinFacts, the PCGS # for this coin is 1741. The PCGS grading scale significantly impacts its market value, particularly for coins that are graded in the higher echelons. - Lower-grade examples of the 1838 1C can fetch prices starting around $30 to $50, making them accessible for entry-level collectors. - Mid-grade coins can range between $100 and $300, depending on visual appeal and central detailing. - High-grade specimens, particularly those in mint state (MS) conditions, can command prices upwards of $1,000, with pristine examples possibly exceeding $5,000. Exact sales data show these coins reaching various price points based on specific conditions such as rarity, demand, and market trends. Engaging in auctions can reveal occasions where these coins have surpassed expected prices, driven by their historical allure and collector interest.
Historical Context
Numismatically, the Braided Hair series represents an era of transition in American coinage reflecting changing tastes and technological advancements. The design by Christian Gobrecht introduced the distinctive braided hair design, which marked a shift towards more intricate and appealing artistry in U.S. coinage. This period was characterized by attempts to perfect die production and minting techniques with the technology available at the time, contributing to the variance in surviving coin conditions.
Collecting the 1838 Large Cent
Collectors prize the 1838 1C for several reasons beyond its aesthetic appeal. Historically, these coins were minted during a pivotal period in U.S. history, just before significant innovations in coinage and the eventual cessation of large cents. As part of any comprehensive U.S. large cent collection, the 1838 coin is essential due to its relative abundance compared to other key dates yet still offers a challenge to find in exceptional condition.
Numismatists’ Insights
From a numismatist’s perspective, the 1838 1C is cherished not just for its role in the sequence of large cent designs, but also for the opportunity it offers to own a piece of 19th-century American history. Collectors seek to obtain examples with clear, unblemished surfaces, strong strikes, and minimal wear—attributes that greatly influence both the value and desirability of these coins. To find the right example for your collection, it’s crucial to carefully study auction records and market trends, analyze coin conditions, and maintain a focus on ensuring authenticity and quality. The Bronze (BN) coloration also adds another layer of interest, as collectors can appreciate the unique patinas that develop over time on these nearly two-century-old coins. Engaging with numismatic communities and resources can enhance the collecting experience, offering insights into the subtle nuances that distinguish a fine Braided Hair Large Cent from the fleeting commonality of other historic coinage.
