1850 1C, BN (Proof)
The 1850 1C, BN (Proof) Large Cent is a remarkable coin that holds a special place in numismatic history due to its rarity and distinct characteristics. This coin was minted at the Philadelphia Mint, as were all U.S. Proof coins during this era. Though precise mintage figures are unknown, it is estimated that fewer than two dozen examples of the 1850 Proof Large Cent exist today, making it an exceptionally rare find for collectors.
Mintage and Rarity
The 1850 Proof Large Cent was not produced in large quantities, as minting Proof coins during this period was primarily done to showcase the Mint’s capabilities and for presentation purposes, rather than for general circulation. The estimated mintage of fewer than 24 coins marks this issue as a prominent rarity. Its rarity is further underscored by the fact that these coins were not officially documented at the time, and as such, surviving specimens are a matter of remarkable curiosity.
Value and Market Performance
From an investment perspective, the 1850 1C, BN (Proof) consistently attracts significant attention in the numismatic market. Its scarcity and historical value often result in premium prices at auction. For example, an example of this coin was sold in 2020 for over $100,000, showcasing its high desirability among collectors. Prices can vary significantly based on condition, provenance, and the overall demand for historic Proof cents.
Historical Context
The Large Cent series, produced from 1793 to 1857, plays an important role in American numismatic history. By 1850, the Braided Hair design by Chief Engraver Christian Gobrecht was standard. This design features a Liberty head with braided hair, a portrait that came to symbolize a period of economic change and development in the United States. The Proof Large Cents, including the 1850 example, are esteemed for their detailed design, high-quality strike, and mirror-like finish.
PCGS Certification
According to the Professional Coin Grading Service (PCGS), the 1850 1C Proof Large Cent is cataloged under PCGS #1979. Certification by PCGS adds an extra layer of authentication and assurance of quality, further enhancing its collectible value. The rarity and beauty of this coin, coupled with the PCGS certification, have cemented its status in numismatics as a prized possession.
Collector Appeal
Numismatists prize the 1850 Proof Large Cent not only for its rarity but also for its exquisite craftsmanship and historical significance. The beautifully struck devices and carefully polished planchets offer a glimpse into mid-19th century minting techniques. Collectors of U.S. coinage and early Proof issues find this piece particularly appealing, as it represents both an artistic achievement and a testament to the innovation of the Philadelphia Mint during this time. Due to its scarcity, historical relevance, and potential for strong financial returns, the 1850 1C, BN (Proof) Large Cent remains a cornerstone of American coin collecting, embodying both the history of its era and the enduring allure of numismatic treasures.
