1842 1C Large Date, BN (Regular Strike)
The 1842 1C Large Date, BN (Regular Strike) is a historical United States one-cent coin minted in Philadelphia, presenting an intriguing study for numismatists due to its age and distinctive features. This large cent belongs to a series that was in circulation from 1816 to 1857, a time when the value and composition of US coinage was evolving significantly.
Historical Context and Production
In 1842, the Philadelphia Mint produced the large cent amidst an era marked by economic transition and industrial progress in the United States. Despite the changes of the time, the large cent was a staple of everyday commerce. The obverse of the coin features the classic Matron Head design or "Coronet Head," while the reverse continues with the simple denomination wreath motif.
Design Characteristics
The 1842 1C Large Date variant is characterized by its more prominent date numerals compared to its "Small Date" counterpart, which numismatists meticulously differentiate. The "BN" designation stands for Brown, describing the predominant hue of these copper coins due to oxidation over time. The large date variety is distinguished by its numeric alignment, which collectors diligently examine to ensure authenticity.
Mintage and Details
According to PCGS CoinFacts, the 1842 1C Large Date, BN boasts a mintage of approximately 2,383,390 coins. This figure reflects the total production for both the large and small date varieties, underscoring the necessity for precise attribution in collecting circles. The specific PCGS reference number associated with this coin is 1835.
Rarity and Market Value
The rarity of the 1842 Large Date arises not only from its age but also from the survivors' conditions. Since these coins were heavily circulated, finding specimens in higher grades is quite rare, contributing to their desirability among numismatists. The market value fluctuates considerably based on the coin's condition, with well-preserved examples commanding a premium. Coins in lower circulated grades might fetch around $30 to $50, but high-grade examples can soar into the hundreds or even thousands.
Recent Sales and Auction
Insights Examining recent auctions, high-grade 1842 Large Date cents have realized significant amounts at sale events. For instance, coins graded at PCGS AU50 or better have recently sold for several hundred to a few thousand dollars, highlighting their desirability and investment potential. Notably, coins demonstrating mint state conditions represent a small fraction of the surviving population, further enhancing their allure for advanced collectors.
Numismatic Significance
From a numismatist perspective, the 1842 1C Large Date captures a snapshot of American monetary history at a time when large copper cents were gradually being phased out for smaller, more practical issues. Collectors and historians value these coins not only for their aesthetic appeal but also for the insight they provide into mid-19th century America.
Conclusion
The 1842 1C Large Date, BN continues to intrigue and challenge collectors with its blend of historical importance and aesthetic allure. The complexities surrounding its date variations and condition-based valuations contribute to its ongoing study and admiration among numismatic professionals and enthusiasts alike.
