1856 1/2C Restrike, BN
The 1856 1/2C Restrike, BN (Proof) is a particularly fascinating coin for numismatists due to its unique characteristics and limited availability. As a product of the late half-cent production period, this coin holds a special place in American numismatic history.
Historical Context and Minting Minted during an era when the production of half cents was nearing its end, the 1856 1/2C Restrike was not part of the regular minting process. The original half cents struck in 1856 are exceedingly rare, but the Restrike was produced later, around the 1858-1860 period, possibly to satisfy collector demand or as a means to experiment with outdated dies. An exceptionally low number of these coins were produced, contributing to their rarity. They were struck at the Philadelphia Mint, the only mint manufacturing half cents during this period. The restrikes are particularly notable for their crisp details and superior finish, characteristics indicative of proof coins.
Mintage and Rarity The exact mintage numbers of the 1856 1/2C Restrike are unknown due to its unofficial nature, but estimates suggest that fewer than two dozen exist in any condition. Their astonishing scarcity enhances their desirability among collectors seeking to complete early American coin collections.
Collectibility and Valuation Due to its rarity, the 1856 1/2C Restrike, BN (Proof) commands substantial prices at auction. These coins have fetched figures upwards of $20,000, depending on their condition and provenance. The highest recorded sales have reached over $30,000 when presented at premier auctions, reflecting their status as trophies within the numismatic community.
Numismatic Significance Numismatists regard the 1856 1/2C Restrike as a key piece for several reasons. It represents a transitional period in the history of American coinage, embodying both the end of the half-cent era and the experimental spirit of the time. The restrike proofs are identified by their excellent strike quality and often sharp cameo appearances, a result of meticulous minting processes reserved for proofs. Furthermore, they embody the artistic and technical advancements of mid-19th-century minting, showcased by their resplendent details and consistent finishes. They are often handled more as historic artifacts rather than mere coins, symbols of an era when coin collecting began gaining popularity as a serious pursuit.
PCGS Coin Facts and Identification The PCGS (Professional Coin Grading Service) lists this coin under PCGS #35423. The detailed grading standards set forth by institutions like PCGS ensure that each restrict is thoroughly evaluated for its authenticity and condition, enhancing buyer confidence and setting benchmarks for historical coin valuations.
Coin Facts Summary
Mint : Philadelphia
PCGS # : 35423
Estimated Mintage : 225
Notable Sales : $20,000 to over $30,000
The 1856 1/2C Restrike, BN (Proof) is a cornerstone item for dedicated collectors who appreciate its rarity, beauty, and the rich narrative it carries from an experimental period in American coin history. Obtaining or even studying this piece provides a fascinating glimpse into the complexities and ambitions of 19th-century numismatics.
