1849 1C, BN (Proof)
The 1849 1C, BN (Proof) is a fascinating specimen within the realm of numismatics, notable for its rarity and historical significance. This particular coin is a part of the Braided Hair Cent series, which was minted from 1839 to 1857. The coin was produced at the Philadelphia Mint, a significant hub for U.S. coinage during the 19th century.
Mintage and Rarity
The 1849 Proof Braided Hair Large Cent is exceedingly rare, with an estimated mintage of only around 20 pieces. This low production number contributes to its allure among collectors. The precise minting techniques ensured that these proofs were struck with sharp details and a mirror-like finish, making them highly desirable.
Historical Context
From a historical standpoint, the 1849 Braided Hair cent reflects the ongoing experimentation with coin designs and minting processes in mid-19th century America. This period was marked by a burgeoning demand for domestic coinage that could meet the needs of a rapidly industrializing nation. The mint's approach to creating proof coins during this time was both an art form and a testament to their technological advancements.
Market Value and Sales History
Over the years, the 1849 1C Proof has commanded high premiums at auctions due to its rarity and condition as a proof coin. Recent sales data indicate that these coins have fetched prices ranging from $40,000 to over $100,000, depending on their condition and grading. For instance, a particularly well-preserved piece, graded PR64 Brown, has reached impressive figures in high-profile numismatic auctions. Such sales highlight the coin's value as both a collectible and an investment.
Grading and PCGS Information
According to PCGS CoinFacts, which provides thorough analyses on various coins, the coin's PCGS number is 1976. Proof Braided Hair Large Cents in grades PR60 to PR64 are among the most sought after, with collectors placing significant emphasis on the coin's eye appeal, luster, and preservation of details.
Conclusion
The 1849 1C, BN (Proof) stands as a remarkable artifact within American numismatics. With its minimal mintage and rich historical background, it serves as a critical piece for collectors with an interest in early United States minting practices. Beyond its monetary value, the coin is appreciated as a tangible link to America's past—a small yet significant testament to the nation's budding industrial capabilities and artistic endeavors in coin production. For numismatists and collectors alike, the blend of historical intrigue and numismatic rarity make the 1849 Proof Braided Hair Cent a coveted centerpiece within any esteemed coin collection.
