1844/81 1C, BN (Regular Strike)
The 1844/81 1C Braided Hair Large Cent is an intriguing piece within the numismatic community, notable for its overdate variety and rarity. This coin is highly sought after by collectors due to its unique history and scarcity in the market.
Mint & Mintage
The 1844/81 1C Large Cent was minted at the Philadelphia Mint, as indicated by the absence of a mint mark, which was standard for coins produced there during this period. The Braided Hair series ran from 1839 to 1857 with the 1844 mintage totaling 2,166,000 coins. However, the 1844/81 overdate is a variety, and its exact mintage is unknown but considered extremely low, adding to its rarity.
PCGS Details
According to PCGS CoinFacts, this particular variant is cataloged under the PCGS #1859. The overdate is characterized by the remnants of an "81" visible underneath the "44" in the date, a result of a previously used die from 1881 being repurposed.
Rarity and Value
The rarity of this coin significantly impacts its value, with collectors seeking to acquire it to fill a key slot in their collections of the series. Prices can vary considerably based on the coin's condition, typically measured on the PCGS scale. Values for the 1844/81 1C can range from several hundred dollars in lower grades to thousands of dollars for higher-grade examples. Historical auction records highlight that coins in grades such as VF20 to MS63 have fetched anywhere between $500 to over $5,000 in various sales over the years.
Market History and Sales
Past sales have seen some fascinating prices achieved due to the coin's desirability. Auction results have played a key role in establishing its market value. For instance, one notable example in mint state quality sold for a substantial premium compared to its counterparts in less pristine condition. This distinctiveness underscores the importance of careful grading and authentication when purchasing or selling this overdate variety.
Numismatist Perspective
From a numismatist’s point of view, the 1844/81 overdate serves as an exciting example of minting practices in the mid-19th century, where the reuse of dated dies could result in such anomalies. This coin holds a peculiar charm for enthusiasts of the Braided Hair series, representing a tangible piece of minting history and craftsmanship. Numismatics relish the opportunity to study such peculiarities, with overdates forming an integral part of their investigative pursuits. The Braided Hair Large Cent series, particularly its unique varieties, offers a captivating window into the numismatic field, blending historical intrigue with the thrill of collecting a rare piece of American history. As collectors continue to appreciate its nuances, the 1844/81 1C remains a coin of esteemed rarity and historical significance.
