1845 1C, BN (Regular Strike)
The 1845 1C, BN (Braided Hair Large Cent) is a notable coin for numismatists and collectors due to its historical significance and relative rarity. Minted in Philadelphia, it is a product of the mid-19th century design transition in U.S. coinage, specifically part of the Braided Hair series that was used from 1839 to 1857.
Mint and Mintage
Mint : Philadelphia
Mintage : 3,894,800
PCGS #: 1862
Historical Context
As a Penny from the mid-1800s, the 1845 Braided Hair Large Cent is a reflection of American numismatic history during a time of economic expansion and change. The U.S. Mint was under the leadership of Chief Engraver Christian Gobrecht, who was responsible for the design of the Braided Hair series. This series marked the final iteration of the Large Cent before it was replaced by the smaller Flying Eagle Cent in 1857.
Rarity and Collectability
The 1845 1C is not excessively rare in circulated grades, making it accessible for most collectors. However, finding a piece in mint state, particularly with a nice brown (BN) finish, or specially red-brown (RB) or red (RD) surfaces, can be more challenging, which adds to its collectability and value.
Value and Auction Records
Values for the 1845 1C vary significantly based on condition, with well-preserved specimens commanding higher prices. Collectors typically seek out coins in original, problem-free states. Coins in the lower circulated grades might be valued modestly, from $20 to $50, while those in higher grades can reach multiple hundreds of dollars, or even thousands in exquisite gem mint condition. Specific auction sales have demonstrated these trends, with prices influenced by factors such as eye appeal and market demand.
Numismatist Insight
From a numismatist’s perspective, the Braided Hair Large Cents signify an era of artistry and craftsmanship in U.S. coinage. The series is valued not only for its monetary worth but also for its historical narratives and the insights it offers into mid-19th-century America. Collectors value these coins for their larger size and intricate design compared to modern cents.
Collecting Tips
When collecting the 1845 1C or other Braided Hair Large Cents, pay close attention to the strike quality and surface preservation. Coins with original surfaces and minimal marks tend to hold their value better. It's also essential to authenticate and grade coins accurately, considering their many years of circulation which might affect their visual appeal and structural integrity. In the world of numismatics, the 1845 Large Cent represents both a tangible artifact of history and a cherished collector's item, fascinating for its role in American financial systems and design evolution.
