1856 1/2C, BN
The 1856 1/2 Cent, BN (Braided Hair Half Cent), minted by the United States Mint in Philadelphia, is a significant piece for collectors, symbolizing the final year of the half cent's regular production. This coin belongs to the Braided Hair series, which ran from 1840 to 1857. It is highly valued both for its numismatic significance and its relative rarity among collectors.
Mint and Mintage : The 1856 1/2 Cent was struck at the Philadelphia Mint, the only mint to produce half cents. The mintage for this issue was relatively low, with only 40,430 coins produced. This modest mintage contributes to its scarcity and desirability among collectors. Given that this series was nearing its end, the mintage numbers reflect declining demand for half cents at the time, as they were becoming less practical for everyday commerce.
Rarity and Value : The 1856 half cent is considered quite rare, particularly in higher grades. Its value varies substantially based on its condition. Coins that have been preserved with minimal wear are especially prized. The BN (Brown) designation refers to the natural patina the copper acquires over time. Uncirculated examples or those with attractive toning can command premiums at auctions and sales. PCGS (Professional Coin Grading Service) has assigned the #1236 to this coin. Its value can range significantly; for instance, a specimen graded PCGS MS66 BN fetched a substantial price at auction, reflecting the heightened demand for top-grade examples. While each coin’s exact price depends on various factors, including luster, strike quality, and eye appeal, the rarity in excellent states keeps the coin’s market robust.
Historical Context : From a historical perspective, the Braided Hair half cent series occupies an interesting period in U.S. history. It was a time of economic transition, and by the mid-1850s, small denomination coins were becoming impractical relative to their face value. The 1856 issue, given its last-of-series status, represents the end of an era in U.S. coinage, with production ceasing entirely by 1857 following the Coinage Act of 1857, which aimed to simplify and modernize American currency.
Numismatists' Perspective : Numismatists appreciate the 1856 half cent for its historical significance and the artistic rendition of Miss Liberty on the obverse. The reverse features a simple yet elegant wreath design surrounding the denomination. This piece presents an opportunity to own a tangible piece of pre-Civil War American history. Collectors focus on acquiring coins with clear details and original surfaces, making any example that has not been cleaned or altered particularly desirable. Due to its limited number and historical relevance, the 1856 1/2 Cent, BN continues to be a sought-after piece in collections across the United States. As always, potential buyers should seek coins with good provenance and consult current market trends to understand its worth more accurately within the dynamic numismatic landscape.
