1839 1C Type 1838, BN (Proof)
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The 1839 1C Type 1838, BN (Proof) is a highly sought-after coin among collectors and numismatists due to its rarity and historical significance. Part of the Matron Head Large Cent series, the 1839 Proof version holds a unique place in early American numismatic history. These coins were minted during a transformative period under the supervision of the United States Mint, which is reflected in their scarcity and quality.
Historical Context and Numismatic Significance
Minted during the final years of the Matron Head design (1816-1839), the 1839 Proof Large Cent represents the culmination of design changes initiated in the late 1830s. The redesign efforts aimed to improve coinage aesthetics and functionality, giving rise to the “Type of 1838” which carried over slightly to 1839. This issue preceded the Braided Hair series, signifying a significant transition in American coinage history. The 1839 proofs were likely crafted with meticulous attention to detail, intended more for collectors and presentation pieces rather than general circulation.
Rarity and Mintage
The 1839 1C Type 1838, BN (Proof) is exceptionally rare. Though specific mintage numbers remain unknown, experts estimate that very few were struck, typical of early U.S. proof coins which had limited runs primarily for collectors, dignitaries, and mint archives. Consequently, the surviving population today is extremely limited, making them a prized possession in numismatic circles. Due to their scarcity, these coins rarely appear at auctions, significantly elevating their market value.
Market Value
The value of the 1839 1C Type 1838, BN (Proof), primarily hinges on its rarity and condition. These coins are known to fetch substantial sums in the numismatic market, with prices regularly running into the tens of thousands depending on their grade. High-grade examples with an excellent provenance have historically achieved record prices in auctions, commanding premiums due to their superior preservation and rarity. They are particularly sought after by collectors who specialize in U.S. proof coinage or early American cents.
PCGS Information
The Professional Coin Grading Service (PCGS) lists this coin with the PCGS #1946. Though mintage specifics are not entirely available, PCGS CoinFacts provides detailed grading insights that underscore the coin's rarity and collector interest. Proof coins from this era are often graded on a scale accounting for strike quality and overall preservation, with higher quality examples achieving higher prices and recognition among collectors.
Coin Appearance and Characteristics
The coin features the classic Liberty Head design with a matronly visage of Liberty surrounded by stars, emblematic of U.S. coinage of that period. The reverse bears the denomination encircled by a laurel wreath. Proof specimens showcase meticulous details with mirrored surfaces and sharp strike elements, distinguishing them from their circulation strike counterparts. In conclusion, the 1839 1C Type 1838, BN (Proof) is an emblem of numismatic excellence and historical transformation—representing a nexus of design evolution and minting precision before transitioning to a new era. Its rarity, historical importance, and appeal to collectors ensure that it remains a standout piece in the annals of U.S. coinage.
