1850 1/2C, BN
The 1850 1/2 Cent, BN Proof is a significant coin in the world of numismatics due to its rarity and historical value. Struck as part of the Braided Hair series, the 1850 Half Cent holds a special place for collectors and historians alike. This coin was produced at the Philadelphia Mint, the sole facility for the entire half cent series, renowned for producing high-quality proofs during this era.
Rarity and Mintage : The 1850 1/2 Cent Proof was produced in incredibly limited numbers, with an estimated mintage of just 4 coins. This minimal production makes it a highly sought after piece among collectors. These coins were primarily made for collectors of the period and not intended for general circulation, which adds an element of exclusivity to its ownership. The rarity is further emphasized by the fact that few examples have survived to the present day in collectible condition.
PCGS Details : According to PCGS CoinFacts, the 1850 1/2 Cent, BN (Proof) is listed under PCGS #1311. Due to its rarity, only a handful of these coins are graded by the major grading services, making them a prized possession for those who own one. Its scarcity in the marketplace contributes significantly to its value, commanding attention whenever available for sale.
Historical Significance : From a historical perspective, the Braided Hair Half Cents represent the last half cent series produced by the United States Mint. Minted between 1840 and 1857, this series symbolizes a transitional period in American numismatic history as the country moved away from the earlier designs towards more modern coinage. The 1850 issue, in particular, reflects the era’s experimental practices in coinage production and is notable for its sharp detailing and the high-quality metal used.
Market Value and Auction Sales : The rarity of the 1850 1/2 Cent, BN Proof often leads to lively auctions, where these coins can fetch impressive prices. Auction results have seen these coins sell for tens of thousands of dollars, reflecting both their rarity and the high demand among collectors. Specific auction results for this coin have demonstrated values ranging from $20,000 to over $50,000, depending on the grade and provenance of individual pieces. Such high values emphasize the desirability of this coin among advanced collectors.
Numismatic Insights : For numismatists, the 1850 1/2 Cent, BN Proof offers a window into mid-19th century minting practices. Its rarity not only makes it a valued collectible but also a subject of study regarding the techniques and materials used by the mint of that time. Collectors and historians endeavor to trace the lineage and ownership of these coins, adding another layer of intrigue and historical research surrounding each piece.
Conclusion : In essence, the 1850 1/2 Cent, BN Proof is a cornerstone for any serious collector of American coins. Its combination of historical importance, rarity, and beauty make it a quintessential piece in any numismatic collection. Holding such a coin is not merely about possessing a valuable object; it is about preserving a part of American minting history. With limited mintage and few surviving specimens, the 1850 Half Cent remains a captivating pursuit amongst collectors worldwide.
