1848 1C, BN (Regular Strike)
The 1848 1C, BN (Regular Strike) is a fascinating coin for numismatists and collectors alike due to its historical significance and rarity. This large cent, part of the Braided Hair series designed by Chief Engraver Christian Gobrecht, marks the era when the U.S. Mint was finalizing the transition from older, hand-made coinage techniques to more modern minting processes. A coin like the 1848 large cent offers insight into 19th-century American society, agriculture, and commerce.
Mint and Mintage:
The 1848 large cent was minted at the Philadelphia Mint, which was the only mint operating in the United States at that time for this denomination. According to PCGS CoinFacts, the mintage of this coin is 6,415,799 pieces. Despite their relatively high mintage, these coins have become rare due to circulation wear and historical melting for metal content.
PCGS Number:
The PCGS (Professional Coin Grading Service) identifies the 1848 large cent, BN, under the catalog number 1883.
Rarity and Grading:
The 1848 1C, BN becomes considerably rarer in higher grades. Coins in Extra Fine (EF) condition and above are particularly scarce, making them highly desirable among collectors. Given the circulation these coins experienced, finding uncirculated or mint state examples is challenging. Coins with original surfaces and no signs of cleaning tend to fetch higher premiums.
Value and Market Performance:
The value of the 1848 large cent in Brown (BN) condition varies based on its grade and eye appeal. Prices range from modest for lower-graded coins to substantial figures for those in mint state. For example, coins graded MS60 to MS64 can command significant premiums due to their rarity and demand among collectors focusing on well-preserved pieces. In recent auctions, an 1848 large cent in mint state sold for impressive amounts, reflecting its desirability and the high interest in early American coinage. These sales indicate steady growth in value, which appeals to investors and numismatists.
Historical Context:
The 1848 large cent embodies a slice of American history. Minted during a time of rapid expansion and technological advancement, this coin circulated when the United States was burgeoning with the Gold Rush and industrial growth. For collectors, owning an 1848 large cent is akin to holding a tangible piece of American heritage.
Numismatic Interest:
Numismatists admire the 1848 large cent not only for its historical context but also for its craftsmanship. Each coin tells a story, from its striking to its journey through American pockets and commerce. The design, with Liberty’s dignified profile and intricate braided hair, adds to the aesthetic appeal and collects robustly among enthusiasts of early copper coinage. Overall, the 1848 1C, BN is a sought-after piece in any coin collection due to its combination of historical significance, rarity in high grades, and consistent market performance. With every added coin to a collection, numismatists gain a deeper understanding of America’s rich numismatic tapestry.
