1849 1C, BN (Regular Strike)
The 1849 Braided Hair Large Cent, identified as 1849 1C BN (Regular Strike), is a piece of numismatic history from the mid-19th century. Minted at the Philadelphia Mint, this coin is part of the Braided Hair series designed by Christian Gobrecht, which was in circulation from 1839 to 1857. The 1849 issue is particularly notable as it falls within a period where large cent production was at its peak before they were eventually phased out for smaller denominations.
Rarity and Mintage
From a rarity perspective, the 1849 large cent is relatively common within the series due to its substantial mintage of approximately 4,178,500 coins. Despite this ample production, high-grade examples, particularly those with attractive brown toning (BN), are much sought after by collectors. Varieties such as overdates and varieties with slight engraving differences tend to draw particular interest in the numismatic community.
Value and Market Analysis
The value of the 1849 1C BN often depends on its grade and eye appeal. In circulated conditions, values range modestly, typically between $20 to $50. However, higher-grade specimens in uncirculated condition can command substantially higher prices, often exceeding several hundred dollars. Notable auction sales have seen exceptional examples achieving significantly higher prices. For instance, a high-grade example might sell for over $1,000 at a premium auction, especially if it exhibits exceptional luster and detail.
Notable Auction Sales
Recent auction results have demonstrated the high desirability of this coin among collectors. Exceptional examples achieving very high prices are often noted for their luster, surface preservation, and overall aesthetic appeal. While the specific listings of auctions can be detailed, a high-graded 1849 1C BN in PCGS MS65 or higher could see auction results soaring above $1,500, reflecting both the quality and rarity in such pristine condition.
Historical and Numismatic
Significance From a historical standpoint, the 1849 1C BN represents a snapshot of American coinage before the Civil War era, serving as a testament to American minting technology and artistry of the time. The Braided Hair design was part of an effort to modernize and beautify American coinage, moving away from the earlier, more utilitarian designs.
PCGS Information
According to the Professional Coin Grading Service (PCGS), the coin holds the catalog number 1886. The PCGS provides a comprehensive analysis of its coin facts, detailing its popularity and collector interest levels. The service also offers rarity scales and population reports, which are invaluable resources for collectors aiming to assess the availability of certain grades in the market.
Collecting the 1849 Braided Hair Large Cent
For collectors, assembling a complete set of Braided Hair large cents often starts with more accessible dates like the 1849. Its collectibility stems from the coin’s historical context, the artistry of its design, and the challenge of finding higher-grade examples. Enthusiasts looking to deepen their collection should focus on well-struck coins with minimal surface marks and exceptional eye appeal. In essence, the 1849 1C BN remains a prized choice for collectors seeking to own a tangible piece of American monetary history, appealing for both its artistic merit and historical significance within the pre-Civil War era of U.S. coinage.
