1857 1C Small Date, BN (Proof)

The 1857 1C Small Date, BN (Proof) is a notable and rare piece in the realm of numismatics, particularly for collectors interested in early American copper coins. This particular variant from the United States Mint stands out for its scarcity and historical significance. ### Mint and Mintage This coin was struck at the Philadelphia Mint, known for producing most early American proofs. The 1857 1C Small Date proof is distinguishable by its smaller date numerals in the date stamp compared to the Large Date version. It bears the PCGS number 2046 and is a part of the Flying Eagle cent series, which was minted only from 1856 to 1858. The total mintage for all proof Flying Eagle cents in 1857 is estimated to be around 485 coins, though specific mintage figures for the Small Date variety alone have not been distinctly specified due to the overlap in characteristics and production processes during that time. ### Rarity and Historical Context The 1857 Flying Eagle cents were the first small cents issued by the U.S. Mint, transitioning from the larger copper cents struck since 1793. This change was partly motivated by the rising cost of copper and the public's favor towards smaller coins. As a proof issue, the Small Date variant was likely struck primarily for collectors of the period rather than for regular circulation, contributing to its scarcity today. Researchers and numismatists recognize these proofs as more than just currency; they are considered specimen pieces that demonstrate the Mint's craftsmanship and the evolving tastes of mid-19th century America. ### Value and Sales The value of the 1857 1C Small Date, BN (Proof) is largely driven by its rarity and condition, with pieces in higher grades commanding substantial premiums in the market. Sales records indicate that these coins often fetch impressive amounts at auction. For instance, specimens in superior grades have reached prices well into the five figures. Recently, a high-quality example was sold for over $20,000. The coin's value tends to increase significantly with higher grades, particularly those designated as cameo or with exceptional eye appeal. ### Numismatic Insights From a numismatist's perspective, the 1857 1C Small Date, BN (Proof) not only represents a transitional period in American coin history but also embodies the challenges of minting of the era. The advent of such proof coins reflects the Mint's ambition to cater to a burgeoning collector market, which was becoming increasingly sophisticated. The design by James Barton Longacre, with its intricate eagle motif, further adds to its allure and collectible appeal. Specialists often examine the die varieties meticulously, as these nuances affect identification and authentication, crucial for ensuring provenance and maximizing investment potential. The technical and artistic merits of this coin continue to capture the fascination of collectors and historians alike, solidifying its status as a hallmark of American numismatics. In sum, the 1857 1C Small Date, BN (Proof) is a prized piece of numismatic art with limited availability and considerable historical importance, making it highly sought after by collectors who appreciate its rich legacy and enduring beauty.