1857 1/2C, BN
The 1857 1/2 cent coin marks the end of the half cent series in the United States, and it holds significant historical and numismatic importance. This particular coin, with its Brown (BN) designation indicating a patina the color of aged copper, is highly esteemed among collectors due to its historical context and relatively low mintage.
Mint and Mintage : The 1857 half cent was struck at the Philadelphia Mint, the only facility producing this denomination during that year. This was the final year of production, adding to its rarity and desirability. The 1857 half cent has a total mintage of just 35,180 coins, a number that stands out as exceptionally low compared to earlier years, making it a coveted item for collectors aiming to complete a half cent series.
Rarity and Demand : The rarity of the 1857 half cent lies not only in its low mintage but also in the fact that it represents the conclusion of a denomination that was soon deemed obsolete due to evolving economic practices and coinage reforms. In 1857, the United States ceased production of the half cent entirely, primarily due to changes in coinage legislation aimed at simplifying the monetary system.
Numismatic Significance : From a numismatist's point of view, the 1857 half cent is a testament to a period of transition in American monetary history. As the smallest denominational coin, both in size and value, the half cent gradually fell out of favor as it no longer represented a practical monetary value amid rising consumer prices and larger economic shifts. The cessation of its production in 1857 was a move towards modernizing the U.S. currency system.
PCGS Information : According to PCGS CoinFacts, the 1857 1/2 cent, BN has the reference number 1239. This PCGS number is essential for collectors and investors for identification and cataloging, ensuring authenticity and contributing to the tracking of sales and market trends.
Market Trends and Values : The value of an 1857 half cent can vary significantly based on its condition, coloring, and authenticity. Coins in mint state grades fetch particularly high prices. For instance, well-preserved examples have been known to reach substantial sums at auctions due to their historic significance and rarity. The increasing demand among coin enthusiasts contributes to its market value stability and growth over time. Notably, samples of 1857 half cents have achieved remarkable bidding results at significant coin events, indicative of their persistent allure to dedicated collectors. In conclusion, the 1857 1/2 cent holds a significant place within American numismatic circles. Its rarity, historical context, low mintage, and the fact that it marks the end of the half cent era make it an irresistible acquisition for collectors committed to preserving pieces of American monetary history. Whether pursued for historical interest or rarity, the 1857 1/2 cent remains a prized collectible.
