1857 1/2 C Cohen 1, BN
The 1857 1/2 C Cohen 1, BN (Special Strike) is a significant piece in numismatic circles, known for its rarity and historical importance. This coin is part of the Braided Hair Half Cent series, which was minted from 1840 to 1857. The "BN" stands for "Brown," a designation referring to the natural toning that occurs on copper coins over time.
Rarity and Mintage The 1857 Half Cent is noteworthy because it marks the end of the half-cent denomination in the United States. This coin was struck at the Philadelphia Mint, and the mintage for this year was relatively low. It is widely believed that the coins minted in 1857 were not meant for general circulation but rather as collectors’ items or presentation pieces. This has significantly enhanced their rarity, particularly in Special Strike format. The PCGS (Professional Coin Grading Service) identifies this coin under the number 1982, with a mintage of only a few thousand coins produced. The exact number of Special Strike coins is not definitively known but is considered extremely limited, adding to its rarity.
Historical Significance From a numismatist's perspective, 1857 was a pivotal year as it marked the cessation of the half-cent production. The transition from large to small cents during this period reflects the evolving economic landscape of the United States, influenced by inflation and changing trade practices. The Braided Hair design, created by Christian Gobrecht, was the last in the lineup for this denomination, exhibiting a youthful Liberty facing left with 13 stars around her.
Value The value of the 1857 1/2 C Cohen 1, BN (Special Strike) varies significantly based on its condition and provenance. Coins graded in Mint State, especially in Special Strike, are highly sought after and can command substantial prices at auction. For instance, auction records indicate sales reaching thousands of dollars, with some exceptional specimens achieving even higher figures.
Notable Sales - An example graded MS64BN has been sold for premiums well into the thousands, reflecting collector enthusiasm. - In high-grade conditions, particularly in MS65 or MS66, prices can soar, driven by demand from collectors and investors seeking to own a piece of numismatic history.
Numismatic Insights This coin serves as a fascinating study for numismatists, not only due to its scarcity but also because it embodies an era of transition in U.S. coinage. Collectors are often drawn to its historical context and the artistry of its design. The Braided Hair series itself is a favorite among collectors for its elegant representation of Liberty. Exploring resources such as coinfacts.com offers further insights into its cataloging and valuation. High-grade specimens of this coin are seldom seen in the market, making it a coveted piece for serious collectors and historians alike. Given its historical significance, low mintage, and rarity in special strike conditions, the 1857 1/2 C Cohen 1, BN remains a centerpiece for collectors specializing in 19th-century American coinage. Its allure is further amplified by the scarcity of quality examples available, making it a prime focus in numismatic exhibitions and specialized auctions.