1855 1/2C, BN
The 1855 1/2 Cent, BN (Brown) with a Regular Strike, is a fascinating piece of American numismatic history, reflecting the economic nuances and minting practices of the mid-19th century United States. This coin was minted at the Philadelphia Mint, as identified by the absence of a mint mark, which was typical for coins produced there during this era.
Mintage & Rarity : The 1855 1/2 cent had a mintage of 56,500, as recorded by official US Mint records. This relatively low mintage marks it as a semi-scarce issue, particularly in higher grades or superior Brown (BN) condition. The Brown designation refers to the coin’s color, indicating that it has developed a natural brown patina over time, which is common for copper coins as they age. Numismatists often prize the 1855 1/2 cent for its historical significance as part of the final decade of half cent production, which ceased in 1857. This particular coin is important because it represents the diminishing role of small denominations in the rapidly growing economy of the United States. As the economy advanced, and inflation reduced the utility of such small denominations, production was phased out.
History & Significance : The series of Braided Hair half cents, to which the 1855 1/2 cent belongs, was produced from 1840-1857. It was designed by Christian Gobrecht, featuring Lady Liberty on the obverse with a youthful appearance and braided hair, encircled by thirteen stars representing the original colonies. The reverse design showcases a simple wreath encircling the denomination. From a numismatic perspective, this coin is part of the broader history of American currency during a time of great change, both socially and economically. The cessation of half cent production in 1857 marks a significant shift toward larger denominations and a reflection of evolving economic realities in the U.S.
Value & Market Performance : The value of an 1855 1/2 cent can vary significantly based on its condition. As per the PCGS #1233, coins graded by the Professional Coin Grading Service (PCGS) in the lowest grade can still attract a modest premium over face value, while those in mint state (MS) conditions can command higher premiums. For example, coins in MS60 or higher have been known to sell for hundreds or even thousands, with the most pristine examples in MS65 or above reaching record auction prices. Recent sales data suggest the popularity and financial appreciation of these coins. For instance, an MS64 BN example might realize considerable demand in a specialized coin auction, reflecting both its rarity in high grade and desirability among collectors seeking to complete a type set from this era.
Historical Market Context : Historically, coins like the 1855 1/2 cent have experienced fluctuations in value, often tied to broader economic conditions, collector demand, and market trends in precious metals. The numismatic community frequently scrutinizes sales from major auctions for insights into the market trajectory of these rare pieces. In conclusion, the 1855 1/2 cent stands as a tangible link to America's numismatic history, appreciated for its scarcity, historical context, and aesthetic appeal. As economic artifacts, these coins continue to capture the interests of collectors and historians alike, serving as reminders of a bygone era of American currency.