1840 1/2C Restrike, BN
The 1840 1/2 Cent Restrike, BN (Proof) is a unique and fascinating coin for collectors and numismatists alike. This piece is a rare example of a proof coin from the early 19th century, holding significant historical value due to its intriguing backstory and limited availability.
Historical Background : The history of the 1840 1/2 Cent Restrike dates back to a period when the U.S. Mint was experimenting with coin production techniques. Restrikes were typically produced outside official minting years, often catering to collectors' demands rather than fulfilling circulation needs. The 1840 half cent is believed to have been struck in the late 1850s to early 1860s, utilizing the original dies that had remained unused in 1840.
Mint Details : This half cent was minted in Philadelphia, the only facility responsible for coinage at the time that produced half cents. Philadelphia Mint's role in the coin's production adds to its authenticity, as it was the primary site for U.S. coinage during this era.
Mintage and Rarity : The mintage of the 1840 1/2 Cent Restrike is not officially recorded, but it is recognized as a very limited production. It is estimated that only a small number of these proofs were made, adding to their allure and exclusivity. Such rarity is a critical factor influencing its market demand and value.
Collector Value and Sales History : The rarity and historical significance of the 1840 1/2 Cent Restrike, BN (Proof) make it highly sought after, and its value reflects this desirability. Examples have appeared in auctions sporadically, fetching impressive prices. For instance, various sales have seen this coin reach prices upwards of tens of thousands of dollars, dependent on the condition and specific provenance. The coin's appeal is enhanced by its beautiful brown (BN) proof finish, which is highly appreciated by numismatists for the eye-catching detail it reveals under different lighting conditions.
Numismatic Significance : From a numismatic perspective, the 1840 1/2 Cent Restrike represents more than just its face value. It is a window into the mid-19th-century practice of restriking coins, showing how the mint responded to collectors' interests. This practice is a testament to the evolving relationship between the U.S. Mint and the numismatics community.
PCGS Information According to PCGS CoinFacts, the specific PCGS number assigned to this coin is #1251. The PCGS grading provides further validation of the coin's authenticity and condition, which are paramount for collectors. Its certification by PCGS adds a layer of confidence for buyers and sellers in the heat of auction activity. Given its rarity, historical background, and numismatic charm, the 1840 1/2 Cent Restrike, BN (Proof) will continue to captivate collectors and enthusiasts, securing its place as a notable artifact in American numismatic history. This distinctive coin is truly a gem for those with a keen interest in the intricate history of U.S. coinage.
