The 1798 large cent is a fascinating numismatic item. It was the first year of issue for this type, and it’s considered one of America’s earliest copper coins. With its unique design elements, low mintage figures, and rarity in higher grades, the 1798 large cent has been highly sought after by collectors since its release.
This article will explore all aspects of the 1798 large cent, from its history to its current value on the market today.
We’ll look at varieties, key dates, and grading standards to help you better understand why these coins are so popular with numismatists.
History Of The 1798 Large Cent
The 1798 Large Cent is an incredible piece of history that stands out amongst all other coins. It is a giant among its peers, with a diameter twice the size of any other cent before it. Even to this day, it has never been matched in its astounding grandeur and beauty. Its sheer magnitude alone makes it one of the most sought-after collectibles for numismatists around the world.
This remarkable coin was issued by the United States Mint as part of their first series of large cents from 1793 till 1814. They were even larger than modern quarters!
The obverse side on these coins display a classic head of Liberty facing left surrounded by thirteen stars representing each colony at the time. On the reverse side sits a stylised wreath encircling either 16 or 13 six-pointed stars depending on when they were minted between 1793 and 1800.
Each specimen carries immense detail and craftsmanship that must be seen up close to truly appreciate them; something no photos can ever do justice. Whether you’re seeking one just to add to your collection or looking for an incredibly rare variety worthy of competitive bidding, there are sure to be plenty of opportunities available if you know where to look!
Design Elements And Varieties
The Large Cent, or Copper Cents as they are sometimes known, was the first official coin of the United States. It has a long and storied history that begins with its debut in 1793.
The obverse side features Lady Liberty facing right along with the date of mintage below her bust. On the reverse is an eagle perched upon a bundle of arrows surrounded by thirteen stars representing each state at the time.
Design elements changed several times throughout production from 1793 until 1857 when it was replaced by the Small Cent. Early coins featured designs such as spread-winged eagles and wreaths to represent freedom and unity within the new nation.
Later designs omitted these symbols and instead focused on simpler depictions like laurel leaves or oak branches around the edge of the coinage.
Varieties also exist among large cents, including those struck in different metals, sizes, shapes and varieties not authorized for circulation but made specifically for sale to collectors. Interested numismatists can find many rare examples which have fetched high prices over time due to their rarity and historical significance.
Key Dates And Rarity
The large cent is something of a marvel in the numismatic world; its sheer size and symbolism make it stand out as an impressive work of art. As we have seen, these coins come in many different designs, each one featuring unique elements that add to their beauty.
Now let us take a look at some key dates and rarity associated with this iconic coin.
Large cents were minted from 1793 to 1857 by the United States Mint. During this time period, there are several rarer varieties that collectors seek after due to their higher values. These include the Liberty Cap Cents (1793-1796), Chain Cents (1793 only), Wreath Cents (1793-1797) and Draped Bust/Classic Head Cents (1800-1814).
Each of these has variations within them, including some extremely rare ones such as the 1799 Reverse 13 Stars Cent or the 1794 Penny with five berries on the reverse side instead of four!
No matter which variety you choose, owning a large cent can be an exciting experience for any collector because they represent our nation’s earliest beginnings in terms of currency production. Their significance both historically and financially makes them immensely desirable pieces, ensuring their place among some of the most sought-after coins ever made!
Grading And Value
Grading and value of a large cent are important to consider for any collector.
Most collectors begin by studying the Sheldon Grading Scale, which is based on numerical values from 1-70 with higher numbers indicating better condition of the coin. A grade of 60 or above is considered uncirculated, meaning it has not been circulated in commerce and shows no wear. Large cents graded between 40 and 59 are generally accepted as having some limited circulation but still presentable coins. Lower grades are usually heavily worn or corroded beyond recognition.
The value of a large cent can vary greatly depending on its grade and other factors such as rarity and desirability among collectors. Uncirculated examples generally command much more than those that have seen use in commerce. Additionally, certain varieties may be particularly rare or desirable due to their historical significance or design features, thus commanding premium prices regardless of their grade when compared to common types.
Collectors should always do research on current market values before purchasing an example so they can make informed decisions about what they want to buy and how much they are willing to pay for it.
It’s also important to note that there are several services available for grading coins if you don’t feel confident enough about assessing them yourself; these typically involve sending your coins out to professional numismatists who will assign them a grade and provide certification documents attesting to their authenticity along with appraisals of the assigned value. This helps ensure that buyers get exactly what they’re expecting without being taken advantage of by sellers trying to exaggerate the quality or worth of their offerings.
Collecting And Investing Strategies
Amazingly, the large cent has been around since 1793. While this coin is no longer in circulation, it continues to be a source of fascination and value for numismatists all over the world.
Going beyond its historical significance, one can look into collecting large cents or even investing in them. In this section, we will explore strategies for both collecting and investing in large cents.
When it comes to assembling a collection of these coins, there are several factors to consider. First off, collectors should focus on acquiring examples that have not been heavily circulated or damaged by environmental conditions like humidity.
Secondly, look out for varieties such as overstrikes and errors which can often add significant value to your collection.
Finally, try to acquire pieces from each year when possible so you can build a complete set!
An alternative approach to collecting large cents is to invest in them instead. This requires more research than simply buying whatever catches your eye; investors need to pay attention to trends in price movements and rarity levels before making any decision about what kind of piece they should buy.
Additionally, stay up-to-date with current events related to rare coins: auctions provide valuable insight into the market while also allowing investors an opportunity purchase high grade specimens at reasonable prices.
With some patience and dedication, investing in large cents could yield profitable returns down the road!
Frequently Asked Questions
What Is The Current Market Price Of A 1798 Large Cent?
As a numismatist, I find the current market price of a 1798 large cent to be an interesting topic.
This type of coin is highly sought after and can have significant value depending on its condition.
The average market price for this particular coin ranges from $200-$400 depending on the grade and if it has been certified by a professional grading service.
Can I Find A 1798 Large Cent In Circulation Today?
No, it’s highly unlikely that you’ll stumble across a 1798 large cent in circulation today.
In the numismatic world, this ‘holy grail’ of coins is as rare as hen’s teeth; so much so, that many seasoned collectors search for years without ever laying eyes on one!
That being said, if you’re lucky enough to find one – or even come close – consider yourself blessed and make sure to snatch it up immediately!
Are There Any Special Considerations When Handling A 1798 Large Cent?
When handling any type of numismatic artifact, special considerations must be taken to ensure that the piece is not damaged. Even a slight mishandling can lead to significant devaluation in value.
For example, many coins have been irreparably tarnished by contact with bare hands and should instead only be handled using gloves or a soft cloth. Additionally, an attempt at cleaning a numismatic item could cause permanent damage as well.
Thus, it’s important for collectors to take all necessary precautions when handling these pieces of history.
Are There Any Other Coins Similar To The 1798 Large Cent?
The 1798 large cent is a unique coin, with its distinctive design and size. Its rarity adds an extra element of intrigue for numismatists and collectors alike.
But it’s not the only one in its class – there are several coins that closely resemble the 1798 large cent, including the 1802 Draped Bust Large Cent, the 1800 Draped Bust Small Eagle Cent, and even the 1793 Flowing Hair Chain Large Cent.
Each of these pieces has their own distinct characteristics that make them special and sought after by collectors and enthusiasts.
What Is The Best Way To Store A 1798 Large Cent?
When it comes to storing a large cent, the best option is to keep it in an airtight container. This will help protect the coin from humidity and other elements that could cause oxidation or discoloration over time.
Additionally, using acid-free tissue paper can also help cushion the coin from any bumps or scratches.
A storage box designed specifically for coins is recommended so as to ensure proper care of your large cent.
The 1798 large cent is a truly remarkable piece of numismatic history. Its rarity and age make it an incredibly valuable collector’s item, with prices ranging from hundreds to several thousand dollars depending on its condition.
As such, the coin should be handled with great care so as not to diminish its value. Storing the coin in an airtight container away from light and moisture will ensure that it retains its beauty for years to come – like a butterfly being preserved in glass.
The 1798 large cent is one of many coins released during this era, but none are quite as stunning or as sought-after as this particular specimen. For those interested in collecting rare coins, the 1798 large cent is certainly worth considering!