1846 1/2C Restrike, BN
The 1846 1/2C Restrike, BN (Proof) is a fascinating and rare coin within the numismatic community, often sought after by collectors of early American coinage. This particular half cent was minted as a restrike, meaning it was produced after the original series had ended. The Philadelphia Mint is responsible for striking these coins primarily for collectors, rendering its mintage quite low, which significantly adds to its allure and value.
Rarity and Mintage : The exact mintage of the 1846 1/2C Restrike is uncertain, though it is widely agreed that fewer than 50 examples were struck, contributing to its rarity. The mintage is not officially recorded as these coins were part of a restrike specifically made for collectors, possibly during the late 1850s or early 1860s. Given their limited production, these coins are exceedingly rare with few examples surfacing in the market.
Numismatist Insight : From a numismatist's perspective, the 1846 1/2C Restrike, BN (Proof) is intriguing due to its origins in catering to collector interest in the mid-19th century. It reflects the practice of creating restrikes for numismatic purposes, often utilizing dies that remained available after original production ceased. These restrikes are distinguishable by subtle differences in die characteristics and minting techniques from regular issues. The coin is emblazoned with the classic obverse design featuring Liberty facing left, adorned with a coronet inscribed with "LIBERTY." The reverse showcases a wreath encircling the denomination "HALF CENT."
Value and Market Performance : Due to its rarity and historical significance, examples of the 1846 1/2C Restrike have realized significant sums in auction settings. For instance, verified sales indicate that this specimen has achieved prices well into the five-figure range when in high grade or possessing excellent eye appeal. Collector demand consistently supports strong competition at auction, driving values upward.
Historical Significance : The 1846 1/2C Restrike represents an important chapter in U.S. coinage history when the U.S. Mint revisited earlier designs to satisfy the appetites of collectors. As a part of the broader half cent series, this restrike underscores the historical precedent for minting coins outside of traditional circulation intentions, a practice which continues in various forms to this day.
Coin Details (According to PCGS CoinFacts)
Mint : Philadelphia
PCGS Number : 1287
Among these restrikes, the 1846 1/2C Restrike, BN (Proof) exemplifies the rarity and intrigue synonymous with numismatic treasures. Its limited mintage, coupled with a storied background and appeal among collectors, ensures its continued significance in American numismatic circles. As a piece with compelling historical origin and impressive auction performance, it remains a prized acquisition for discerning collectors.
