1839 1C Type of 1840, BN (Regular Strike)
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The 1839 1C Type of 1840, BN (Brown) Large Cent is a fascinating coin from the end of the 1830s. During this time, the U.S. Mint refined its striking process and designs, transitioning from the Matron Head to the Braided Hair design. Known as the "Type of 1840," this 1839 Large Cent exhibits design elements typical of the subsequent decade, making it a unique transitional piece.
**Historical Context and Minting Details:**
This coin was struck at the Philadelphia Mint, which in 1839, was the primary minting facility in the United States. The mintage for the 1839 Large Cent was approximately 3,128,661 coins, according to official records. However, the 1839 Type of 1840 variety was produced in much fewer numbers because it was part of a transitional period, making it rarer and more sought after by collectors. The specific attribution for PCGS is #1744, distinct from the other variations of the 1839 cents.
**Design and Characteristics:**
The Type of 1840 features several distinctive design elements, differentiating it from earlier 1839 versions. It includes a modified head profile and hairstyle of Liberty, as well as an amended coronet. The obverse displays the year "1839" below Liberty's bust. On the reverse, the familiar wreath surrounds the denomination. Typically, this coin is found in BN (Brown), an indication of its aged patina, which appeals to many numismatists who favor coins with original surfaces.
**Rarity and Market Value:**
The rarity of the 1839 1C Type of 1840 stems from its transitional nature. Many of these coins circulated extensively during the mid-19th century, contributing to its scarcity in higher grades today. Valuation can vary significantly based on the coin's condition and provenance. For example, well-preserved examples have fetched impressive sums at auctions. One notable sale includes an auction where a BN-certified coin fetched several thousand dollars, evidencing its strong demand among collectors. This aligns with similar sales where XF (Extremely Fine) and AU (About Uncirculated) specimens have commanded premium prices due to their limited availability and historical significance.
**Numismatic Insight:**
From a numismatist's perspective, the 1839 1C Type of 1840 is not merely a collectible but a bridge in design evolution within the U.S. Large Cents series. This coin represents both the end of one design era and the beginning of another. Collectors treasure such transitional pieces as they often encapsulate shifts in minting technology and artistry, providing a tangible link to America’s numismatic heritage.
In conclusion, the 1839 1C Type of 1840, BN is a compelling study in rarity and design innovation. Its unique position within the Large Cent series makes it an enduring target for collectors seeking to own a piece of American numismatic history, all while capturing shifts in U.S. Mint craftsmanship and aesthetics during the 19th century.