1847/47 1C Large/Small 47, BN (Regular Strike)
The 1847/47 1C Large Cent, specifically the Overdate Large/Small 47 variety, holds a fascinating place in numismatic history. This particular coin is part of the Braided Hair series, which was minted from 1839 through 1857. Collectors are particularly interested in this variety due to the unique overdate error, where the numerals “47” were struck over slightly different “47” numerals. This error creates a compelling story and adds to the allure and mystique of this coin among numismatists.
Minting and Mintage Details
Mint : Philadelphia
Mintage : 6,183,669 coins in total for 1847 Large Cents (exact numbers for the overdate variety are uncertain and likely represent only a fraction of this total)
PCGS # : 1880
Rarity and Collectibility
The 1847/47 1C Large/Small 47 is considered a rare variant owing to the unique nature of its error. Although it doesn't have an official mintage figure, numismatists estimate that a relatively small number of these overdates were released into circulation compared to the standard 1847 Large Cents. The rarity is amplified by the demand for error coins, which makes any overdate a desirable piece for both error coin collectors and those focused on 19th-century U.S. coinage.
Historical Context
During the mid-19th century, the U.S. Mint was transitioning in terms of technology and processes. The 1847/47 Large/Small 47 is representative of the imperfections in early minting techniques used during this period, which would occasionally result in errors like overdates. This particular coin serves as an interesting reminder of the evolution of minting practices and the challenges faced by mint workers at the time.
Market Value and Sales
The market value of the 1847/47 Large/Small 47 typically depends on its condition. Coins in very fine to extremely fine conditions can demand considerable premiums due to their scarcity. Auction results indicate that this coin can fetch a range of prices from a few hundred dollars in lower grades to several thousand dollars for examples in high Mint State. Recent sales have included prices from around $600 for VG8 (Very Good) conditions up to $5,000 and more in higher grades such as MS63 (Mint State). Numismatists and collectors interested in the 1847/47 Large Cent often closely watch auctions for opportunities to acquire this unique variety. The coin's allure is augmented by its classic design featuring Liberty on the obverse and the denomination encircled by a wreath on the reverse—a favorite design for many collectors.
Conclusion
The 1847/47 1C Large/Small 47 with overdate is a treasured piece within the numismatic community due to its rarity, historical significance, and the intriguing story of its creation. Its significance is further enhanced by its position within the Braided Hair series, making it a must-have for dedicated Large Cent collectors and those specializing in error-variety coins. Numismatists appreciate the coin both for its aesthetic qualities and its embodiment of a bygone era in American minting history.
