1842 1/2C Restrike, BN
The 1842 1/2C Restrike, BN (Proof) is a notable rarity within the realm of American numismatics, appreciated by collectors for its historical significance and scarcity. This rare half-cent piece, minted as a restrike, is part of the Liberty Cap (Head Facing Left) series, serving as a fascinating specimen from the U.S. Mint's early experimentation with coinage.
Mint and Mintage : The 1842 1/2C Restrike, BN was struck at the Philadelphia Mint. The exact mintage for this proof restrike remains unknown, as these were not officially recorded. Specimen striking was limited, and these coins are primarily known through surviving examples and auction records. The restrike process dates to the mid-19th century when there was a practice of producing limited quantities of proofs to satisfy numismatic demand. The record of these strikes likely emerged due to efforts to cater to a burgeoning numismatic interest.
Rarity and Numismatic : Significance From a numismatist's perspective, the rarity of the 1842 1/2C Restrike lies in its combination of historical intrigue and limited availability. Restrike proofs from this era were typically struck using older dies that remained at the Mint, often using them for short private runs rather than general circulation. This practice points to a time when the Mint opportunistically generated interest among collectors and coin dealers. The die characteristics and die state recognized in the restrikes can provide clues about their origin and timing. Variations, such as metal composition and color variations like the BN (Brown), further add layers of interest for collectors dedicated to die studies or specializing in proof issues.
Notable Sales and Values : The market value of the 1842 1/2C Restrike, BN varies significantly based on condition, with graded specimens by PCGS generally featuring prominently in auctions. Recent notable sales highlight the demand: an example graded PR64BN can fetch upwards of $40,000 at auctions, depending on the specificities such as the coin's aesthetic appeal and striking quality.
PCGS Certification and Details : According to PCGS CoinFacts, the certification number assigned to this coin is critical in understanding its provenance and value. The PCGS grading system identifies these coins with comprehensive detail, and it is crucial for verifying authenticity and grade, which is pivotal for collectors focusing on conditional rarity. This half-cent restrike embodies an era when numismatic practices at the U.S. Mint were transitioning, adding historical depth to its allure. Its scarcity makes it highly desirable, appealing to both investors and collectors, each seeking a piece of the early American minting legacy. The coupling of its rarity with the classical design typifies a collector's treasure, offering a glimpse into 19th-century minting practices and the numismatic market as it was evolving at that time.
