1855 1/2C, BN
The 1855 1/2C, also known as the 1855 Braided Hair Half Cent, is a numismatic treasure that captures the interest of collectors due to its rarity and historical significance. Minted at the Philadelphia Mint, this coin holds a unique place in American numismatic history, with its issuance being halted after 1857, making it a part of the last series of half cents ever produced by the United States Mint.
Mint and Mintage : The 1855 half cent has a Proof mintage, with a total of only approximately 40-60 pieces believed to have been struck. Today, this makes it an extremely rare coin, particularly desirable among collectors of United States coinage. The Proof variants of this year are exceedingly scarce, with a specific focus on the Brown (BN) designation for Proof condition coins, known for their striking appearance despite a lack of vibrant red coloration.
PCGS Certification and Value : In terms of certification, the Professional Coin Grading Service (PCGS) has assigned this coin the number #1326. The rarity of the 1855 1/2C in Proof BN condition directly influences its market value, with auction records showcasing a broad range influenced by the coin's condition and specific characteristics. For example, various auction platforms have reported sales where 1855 Proof half cents in BN condition have realized strikingly high bids, reflecting the coin's appeal to collectors.
Historical Context and Collectibility : From a historical perspective, the 1855 half cent was issued during a period when small denomination coins were being phased out in favor of the newly introduced one-cent pieces. As such, it embodies a pivotal moment in American coinage, marking the end of an era for copper half cents. Its production ceased after the Coinage Act of 1857, which effectively ended the circulation of foreign coinage and certain domestic denominations, including the half cent. The 1855 half cent's rarity is compounded by its status as a Proof coin, which means it was struck with specially prepared dies and planchets for collectors rather than for general circulation. As such, these coins were typically sold directly to collectors and were preserved more carefully than their circulation-strike counterparts.
Market Performance and Auction Records :The market performance of the 1855 1/2C, BN (Proof) consistently shows a coin that has significantly appreciated over time due to its rarity and historical appeal. Auction records indicate that these coins have been sold for thousands of dollars, with prices dependent on their grading and overall quality. The demand continues to thrive due to limited availability and an ever-growing interest in historical U.S. coinage. Collectors often seek coins with minimal imperfections and strong eye appeal, factors that drastically affect the realized prices. For numismatists, the 1855 Braided Hair Half Cent in Proof BN is more than just a rare piece; it represents a significant chapter in the history of American coinage, a testament to the beauty and innovation of 19th-century minting practices. Its scarcity and desirability as a collector's item ensure its place as a perennial favorite within numismatic circles.
