1851 1/2C Cohen 1, BN
The 1851 1/2 Cent Cohen 1, BN (Proof) is a remarkable piece within the realm of U.S. numismatics, capturing the interest of collectors due to its rarity, historical significance, and unique characteristics. The 1851 Braided Hair Half Cent, struck at the Philadelphia Mint, forms a part of the final series of half cents, as the U.S. Mint ceased the production of this denomination in 1857. The coin’s PCGS catalog number according to the PCGS Coin Facts is 1314.
Mintage & Rarity : The 1851 1/2 Cent Proof had a mintage of just about 2,200 coins for business strikes, but the proof variant, specifically the Cohen 1 variety, had a much smaller production run, estimated to be around 30-40 coins. This limited mintage adds an aspect of exclusivity to the coin, making it extremely sought-after among numismatists and collectors. The rarity of this coin amplifies its luxurious appeal, as it remains one of the elusive proofs from the 1850s era. Due to the limited number available, the 1851 1/2 Cent Proof often finds its place in prestigious collections and auctions, where connoisseurs appreciate its historical value and scarce availability.
Design Features : The obverse of the 1851 Half Cent features a portrait of Liberty with braided hair, with the inscription "LIBERTY" emblazoned across her headband. Thirteen stars encircle her image, representing the original colonies. The reverse showcases a simple yet elegant design of a laurel wreath, encircling the denomination marked as "HALF CENT." These intricate design elements reflect the artistic standards of mid-19th-century coinage.
Value and Market Performance : The value of the 1851 1/2 Cent Cohen 1, BN (Proof) has seen remarkable appreciation in the numismatic market. As one of the scarce proof specimens, its value is significantly higher compared to regular strikes. Depending on condition and provenance, prices for these coins can range considerably, with significant auctions witnessing bids reaching into the thousands. Collectors highly prize this coin, not just for its aesthetic qualities but also as a tangible piece of American history.
Historical Context and Numismatic Interest : From a historical and numismatist point of view, the 1851 Half Cent Proof embodies an interesting period in U.S. monetary history. These coins were struck during a time when the country was experiencing significant economic and territorial growth. The cessation of the half cent denomination shortly after in 1857 turned these coins into relics of a bygone era, and their survival today offers insights into 19th-century mint practices and the country’s evolving economy.
Significant Sales Records : In recent years, auction records reveal that the 1851 1/2 Cent Proof consistently attracts fierce bidding, reflecting its esteemed status among collectors. Specific sales have showcased the coin fetching figures around $10,000 to $20,000, depending on its PCGS grade and visual appeal. Given its rarity, historical importance, and artistic design, the 1851 1/2 Cent Cohen 1, BN (Proof) occupies a cherished place in U.S. numismatics. This compelling background makes it a coveted piece for both experienced collectors and those newly engaging with the fascinating world of coin collecting. With its representation of the last days of half cent production, this coin holds not just monetary value but an intricate snapshot of American financial history.
