1847 1C, BN (Regular Strike)
The 1847 1C, BN (Braided Hair Large Cent) is a piece of American numismatic history that captures the enduring appeal of early U.S. coinage. This coin was minted in Philadelphia and is part of the Longacre design series, crafted by Chief Engraver Christian Gobrecht. The 1847 Braided Hair Large Cent is notable for its rich historical context and collectible allure among numismatists. From a rarity perspective, the 1847 1C is widely collected, partly because of its relatively high mintage and availability in various conditions.
The United States Mint struck this coin in considerable quantities, with a total mintage of 6,183,669 pieces. This mintage makes it relatively common in the series of Large Cents, though certain grades and conditions can elevate its rarity and desirability significantly. Typically, this coin is found in circulated grades like Good (G-4) to Fine (F-12), but discerning collectors often seek out examples in higher conditions such as Extremely Fine (XF-40) and About Uncirculated (AU-50). The Professional Coin Grading Service (PCGS) designates the 1847 1C, BN with the catalog number 1877.
The coin is most frequently seen in the "BN" or Brown coloration, a testament to its original copper composition, which naturally tones over time. From a valuation standpoint, prices can vary based on condition and market demand. Lower-grade examples typically fetch modest prices, ranging from $20 to $50, while specimens in XF or AU grades can command several hundred dollars. The most prized are Mint State (MS) examples, which can reach into the thousands; recent auction results have seen these coins achieve substantial prices due to their scarcity in such pristine condition. For instance, 1847 Braided Hair Large Cents have commanded attention at prominent numismatic auctions. Notable sales include those with exceptional eye appeal or provenance, achieving prices reflecting their historical importance and collector demand.
The history of the Braided Hair Large Cent series reflects a period when the U.S. Mint was continually evolving its coinage in response to economic needs and changing public tastes. Initiated in the late 1830s, this series represented a refinement of earlier designs and swifter production to meet the burgeoning economic growth of the pre-Civil War era. Collectors often find interest in this series due to its reflection of mid-19th century American socio-economic conditions and Gobrecht's influence on U.S. coinage design.
The coin's obverse features Liberty with a braided hair style—a symbol of classical beauty and strength—while the reverse showcases the denomination encircled by a wreath, underscoring the era’s aesthetic sensibilities. In summary, the 1847 1C, BN is a cornerstone of U.S. numismatics, admired for its historical significance, mintage particulars, and the allure of its copper patina. Whether found in a novice’s collection or a seasoned numismatist’s trove, the 1847 Braided Hair Large Cent is a reminder of America's rich numismatic heritage and the timeless appeal of early U.S. coinage.
