1843 1C Petite Head, Small Letters, BN (Regular Strike)
The 1843 1C Petite Head, Small Letters, BN (Regular Strike), also known as the Braided Hair Large Cent, stands as a numismatically significant coin due to its unique Petite Head design and limited mintage. The coin was minted in Philadelphia and falls under the PCGS #1844, an identifier for collectors and graders to reference its authenticity and condition.
Minting and Design Details
Produced in 1843 at the Philadelphia Mint, this particular variety features the Petite Head, characterized by a smaller portrait of Lady Liberty, which distinguishes it from other designs of that era. The "Small Letters" variant refers to the smaller size of the inscription around the obverse of the coin, which contributes to its recognition among collectors.
Mintage and Rarity:
The mintage for the 1843 1C Petite Head, Small Letters, is relatively limited, making it scarce compared to other coins of its period. Although detailed figures vary, it’s estimated that only a fraction of the original mintage has survived in collectible condition, particularly in higher grades. Its rarity is heightened by the 19th-century melting and repurposing practices, leading to fewer examples available to modern collectors.
Historical Context and Numismatic Appeal
The 1843 Petite Head is nestled within a transition period for U.S. coinage. The Braided Hair design, spearheaded by Christian Gobrecht, represented a shift towards more sophisticated and refined imagery on U.S. currency. The coin reflects a blend of artistry and utility, indicative of the socio-economic climate of the mid-1800s, when the U.S. was expanding westward and industrializing rapidly. Collectors admire this coin not just for its design but also as a tangible piece of American history.
Market Value and Auction Highlights
In terms of market value, the 1843 Petite Head, Small Letters, BN commands significant interest. Prices can range widely based on condition, with specimens in higher grades fetching premiums at auctions. For instance, auction records highlight sales where high-grade pieces have achieved several hundred to thousands of dollars. Certified coins through PCGS or NGC in particular, tend to see higher bidding activity, reflecting their verified status and grade.
Collector Insights
Serious numismatists often seek this coin for its historical importance and its position within the larger Braided Hair series. Pricing trends indicate a steady appreciation over the years, influenced by its rarity and the enduring appeal of large cents among collectors. By examining resources like CoinFacts.com, collectors can gain in-depth insights into the 1843 1C Petite Head’s die varieties, known population counts, and specific details on past auction outcomes. This data helps in understanding how the market responds to different grades and conditions, offering a guide for both seasoned collectors and new enthusiasts pursuing this fascinating piece of numismatic history.
