1851 1/2C, BN
The 1851 1/2C, BN (Braided Hair Half Cent, Brown) is a part of the last half cent series minted by the United States, making it a piece of numismatic history. The 1851 half cent was produced at the Philadelphia Mint, which was the only mint to produce half cents during this period. This series of half cent coins, designed by Christian Gobrecht, carries significant historical significance as it represents one of the final small-denomination coins intended for circulation in the 19th century.
From a numismatist's perspective, the 1851 half cent is valued not only for its age but also for its rarity and condition. The "BN" designation stands for "Brown," referring to the coin's appearance, indicating that it has developed a natural patina over time, which is common for copper coins. Collectors often distinguish these coins by their color designations: Brown (BN), Red Brown (RB), and Red (RD), with Red generally being the most desirable and rarest in high grades. The mintage of the 1851 half cent was relatively modest, totaling 147,672 pieces, making it more accessible than some other dates in the series but still a significant coin for collectors.
However, while the mintage number is not extraordinarily low, it is important to remember that many of these coins have been lost, damaged, or significantly worn over time, which increases the rarity of examples in higher grades. According to the Professional Coin Grading Service (PCGS), the 1851 1/2C has been assigned the PCGS #1224. PCGS has graded a number of these coins, with only a limited number in higher mint state grades.
For instance, high-grade specimens, such as those in MS63 or MS64 condition, are considerably rarer and carry a premium in the market due to their condition and eye appeal. Recent sales data reflects the coin's market value, with auctions indicating that an average circulated 1851 half cent might sell for a reasonable sum, whereas uncirculated examples can fetch several hundred dollars, depending on the grade. For example, a high-grade MS63 Brown specimen has been known to reach prices around $400-$600, and MS65 Brown pieces can exceed $1,500 at auction.
Though the 1851 half cent is not the rarest in the series, its historical importance, coupled with its mintage and condition factors, makes it a desirable piece for collectors interested in early American copper coinage. Its popularity is also boosted by its status as part of the last half cent series. Collectors who appreciate the nuances of copper coin collecting will find the 1851 1/2C BN to be a delightful addition to their collections, reflecting a bygone era of American coinage.
