1847 1C, BN (Proof)
The 1847 1C, BN (Proof) is a scarce and highly sought-after coin among collectors, representing a fascinating period in early American numismatics. Struck at the Philadelphia Mint, this particular coin is part of the Braided Hair Large Cent series, a captivating series known for its classic design and historical significance. The coin features a youthful depiction of Lady Liberty on the obverse, adorned with braided hair tied with a band inscribed with "LIBERTY," and surrounded by 13 stars. The reverse showcases the denomination "ONE CENT" encircled by a laurel wreath, with "UNITED STATES OF AMERICA" around the perimeter.
Rarity and Mintage
The 1847 Proof Large Cent is an extremely rare coin. The mintage figures for proof coins in this era were not officially recorded, but estimates suggest that only about 20-30 pieces were struck. These coins were typically produced for collectors, dignitaries, or for use in presentation sets, making them particularly scarce today.
Historical Context
From a numismatist's point of view, the 1847 Braided Hair Large Cent reflects the broader historical and economic conditions of the mid-19th century. During this time, the U.S. Mint was beginning to hone its skills in producing proof coinage, advancing the artistry and quality of American coins. The Braided Hair design, which was used from 1839 to 1857, was developed by Chief Engraver Christian Gobrecht and is noted for its aesthetic symmetry and simplicity.
Value and Recent Sales
The value of an 1847 1C, BN (Proof) coin can be substantial due to its rarity and desirability. Prices realized in auctions reflect its value, often reaching tens of thousands of dollars depending on the condition and provenance of each coin. For example, a notable sale featured an 1847 1C, BN (Proof) certified by PCGS in high-grade condition, fetching a significant sum in a recent major auction. The demand for such coins is underscored by their scarcity and the allure of owning a piece of mid-19th century Americana.
PCGS Coin Facts
According to PCGS CoinFacts, the 1847 Proof Large Cent is assigned the PCGS number 1970. This digital repository is a valuable resource for collectors, offering detailed information about the coin’s rarity, historical significance, and market value trends.
Aesthetic and Collectible Appeal
The beauty of the 1847 1C proof lies not only in its rarity but also in its striking visual appeal. The "BN" designation indicates the coin has a Brown appearance, typical for circulated coins but charming in proofs due to their richly toned surfaces. As with many proofs from this period, the sharpness of the strike and the mirror-like fields add another layer of intrigue, drawing enthusiasts who appreciate numismatic artistry and history. In conclusion, the 1847 1C, BN (Proof) is a remarkable artifact from early American coinage, representing both the skill of the Mint during this era and the enduring appeal of classic American numismatics. Its rarity, coupled with the striking design and historical significance, makes it a prized possession for serious collectors and a fascinating subject of study for numismatists.
