1844 1C, BN (Regular Strike)
The 1844 1C Braided Hair Large Cent, categorized under "Regular Strike" with Brown (BN) coloring, is a noteworthy piece for collectors and numismatists. Minted in Philadelphia, this coin is part of the broader Braided Hair series introduced in 1839, running until 1857. This series represented a subtle shift in design from the previous Matron Head large cents, ensuring an enduring appeal among numismatists.
Mintage and Production Details
Mint : Philadelphia
Mintage : Approximately 2,390,000
PCGS Coin Number : 1856
Rarity and Collectibility
The 1844 1C is considered relatively scarce when found in high grade, particularly with full brown toning. Collectors often prize coins that showcase the original luster, with minimal wear, as these tend to be scarcer due to the extensive circulation large cents experienced. The coin is considerably common in lower circulated grades such as G-4 to VF-20 but becomes rare and highly sought-after in grades approaching AU-55 and above.
Market Value and Historical Sales
The value of the 1844 1C varies extensively based on its condition. In lower grades such as VG-8 to F-12, prices typically range from $20 to $50. As the grade approaches higher benchmarks, prices increase significantly. For instance, an example graded MS-63 BN can fetch several hundred dollars, often selling in auctions for $600 to $1,000 due to its rarity in such preserved states. A noteworthy sale, which reflects the desirability in high-condition, saw an MS-64 BN specimen sell for approximately $1,800. These prices underscore the historical allure of the coin, particularly in premium conditions.
Historical Context and Numismatic
Insights Numismatically, the Braided Hair cents of the 1840s are significant as they herald a transition in coinage design, with the 1844 cent standing out for its balance between scarcity and affordability. The coin was minted at a time when the American economy was undergoing expansion, and small denomination coins like the cent were crucial for everyday transactions. From the collector's viewpoint, the 1844 large cent provides a tangible link to mid-19th century America, reflecting both the artistry and practical monetary needs of that era. The survival rates of these coins contribute to their collectibility; many have been lost or heavily worn over time, making well-preserved examples extraordinary finds.
Evaluation and Investment Potential
When evaluating an 1844 Braided Hair cent for potential acquisition, collectors often seek out those with clear, discernible details, minimal surface damage, and natural brown toning. The coin’s eye appeal can also significantly influence its market value, with well-struck examples commanding a premium. It's an excellent asset for collectors focusing on large cents or those interested in 19th-century U.S. coinage, blending historic charm with robust investment potential due to enduring demand and limited availability in top grades. In conclusion, the 1844 1C Braided Hair Large Cent remains a pivotal piece for numismatists, due to its combination of historical significance and challenge in high-grade accumulations. This coin occupies a significant place within the numismatic community, mirrored by its presence in prominent sales records and enduring appeal among collectors.
