The coin in question is a Braided Hair Cent produced in 1842 at the Philadelphia Mint, distinguished by its clear denomination of 1 cent (or one penny). This classic piece of Americana, made from copper, showcases the intricacies of the Braided Hair design, which features a portrait of Liberty on the obverse, surrounded by the inscription "LIBERTY." The reverse displays a simple yet elegant design, typical of the era. With a diameter of 27.5 mm and a weight of approximately 10.89 grams, this coin is representative of the early 19th century cent coins, known for their substantial size and appealing aesthetic. The mintage for this particular year was 2,383,390, making it relatively common within the series, although the condition and grade of any specific coin can significantly impact its value. Despite its large mintage, collectors highly regard the Braided Hair series for its historical significance and beautiful design. The 'P' mint mark signifies its production in Philadelphia, which is renowned for minting some of the most impressive coins in U.S. history. Overall, this 1842 Braided Hair Cent is an important piece for numismatic enthusiasts, reflecting the craftsmanship and economic conditions of its time.