1845 1/2C Restrike, BN
The 1845 1/2 Cent Restrike, categorized as BN (Brown) Proof, is a fascinating piece of numismatic history with its origins tied closely to the United States Mint. This coin holds particular interest due to its rarity and unique production background, making it a coveted specimen among collectors.
Background and History : The original series of half cents was suspended in 1836, but the 1845 1/2C Restrike was created later for collectors. These restrikes were typically minted during the 1850s when coin collecting gained popularity. The U.S. Mint executed these pieces, possibly under the discretion of Mint Director James Ross Snowden, along with other restrikes and pattern coins, to cater to the growing numismatic community.
Mintage and Rarity : The exact mintage of the 1845 1/2C Restrike is unknown, adding to its allure and mystery. The rarity is primarily because these restrikes were not intended for circulation but for private collectors and numismatic exhibits. The limited number of surviving specimens means that these coins rarely appear on the market, making them highly desirable.
Identifier and Specifications : According to PCGS CoinFacts, the 1845 1/2C Restrike is listed under the PCGS #1281. These proofs are characterized by their sharp strike and the characteristic mirrored fields typical of proof coinage, though the Brown (BN) designation indicates that these coins have developed a natural patina over time. The rarity of the 1845 1/2C Restrike in proof condition greatly contributes to its high value, offering a glimpse into mid-19th century coin production and collector practices.
Collectability and Market Value : The 1845 1/2C Restrike, BN (Proof), is a significant collector’s item due to its limited availability and historical implications. The coin's value can vary significantly based on its condition and market demand, with past auctions reflecting such fluctuations. Historically, auction sales of this coin have realized impressive sums. For instance, a well-preserved piece in proof condition has achieved prices upward of several thousand dollars. In February 2016, a specimen in Proof 65 BN reached a sales price of $32,900, an indication of the coin’s high regard in numismatic circles.
Numismatic Significance : From a numismatist's perspective, the 1845 1/2C Restrike represents an important era in U.S. Mint history where the intertwining of commerce and hobbyist pursuits led to the creation of coins for collectors. This aspect of coin production underscores the evolving nature of numismatics during the 19th century, reflecting broader economic and cultural shifts. For collectors, understanding the intricacies of such restrikes enhances the appreciation of their financial and historical value. The 1845 1/2C Restrike is not merely a coin but a relic of American numismatic innovation and tradition, yielding insights into the collector market of its time while continuing to captivate modern-day enthusiasts.
