The 1837 large cent is an important part of American numismatic history. It's a prime example of early U.S. coinage, and it has stood the test of time as one of the most popular coins in the hobby today.
As a numismatist, I'm always excited to learn more about this unique coin and its place in our nation's past.
This article will take an in-depth look at the 1837 large cent, from its design to its rarity. We'll explore why it's so desirable for collectors, examine some examples that have been sold in recent years, and discuss what makes these coins so special to those who collect them.
A Brief History Of The 1837 Large Cent
The 1837 large cent is a large copper coin minted in the United States from 1793 to 1857. It was one of the first coins struck by the newly established US Mint and is an important part of American numismatic history.
The obverse bears a portrait of Lady Liberty facing left, surrounded by thirteen stars representing the original thirteen colonies. The reverse features a wreath encircling the denomination 'ONE CENT' at its center.
Large cents were produced in two distinct sizes: small (1793-1836) and large (1837-1857). The reasons behind this change are not completely understood but it appears that larger size allowed for greater detail on both sides of the coin. Furthermore, they had higher intrinsic value than their smaller counterparts due to their increased weight and diameter.
Designs changed over time as well; while early designs featured simplified portraits of Liberty or other figures, later issues often included eagles, stars and other symbols reflecting America's growing power and influence.
Collectors prize these pieces for their historical significance as much as their beauty and rarity; each issue carries with it stories about people, places and events during our nation’s formative years.
Features Of The 1837 Large Cent
The 1837 Large Cent is a numismatic marvel, truly displaying the ingenuity and craftsmanship of its creators. It stands out among other cents due to its size: nearly twice as large as modern day pennies.
The obverse side boasts Lady Liberty with an elegant headdress of thirteen stars representing each state at the time, and the reverse has a heraldic eagle standing atop arrows and olive branch - symbolizing both strength and peace.
This coin was made from pure copper, giving it a unique red-orange hue that many collectors find desirable. Its flan features reeded edges for added protection against counterfeits; indeed, even counterfeiters found this cent difficult to imitate!
As more than half a million were minted in Philadelphia alone during its tenure, these coins remain relatively common today - making them accessible to collectors of all budgets. In spite of their popularity today, few examples have survived in flawless condition.
Those fortunate enough to own one are sure to appreciate its beauty and historical significance for years to come.
Rarity And Value Of The 1837 Large Cent
The 1837 large cent is a rare and valuable coin. Its rarity stems from the fact that it was only produced for one year, making it scarce in comparison with other coins of this era. The numismatic value of the 1837 large cent also makes it an attractive collectable item among hobbyists and investors alike.
Due to its limited production run, most specimens are well worn or have been damaged over time due to mishandling or poor storage conditions. As such, any examples that remain in good condition can command high prices when sold on the open market. Furthermore, certain varieties of the 1837 large cent are even more desirable than others; these include special die varieties as well as mint errors which can add considerable value to a single specimen.
In addition to its monetary worth, the 1837 large cent carries significant historical importance too. It was created at the height of industrialization in America and symbolizes many changes occurring around this period—such as innovations in banking practices, shifts towards free-market economics, and widespread immigration during the 1830s.
For collectors interested in history as much as money, owning an example of this iconic currency piece adds another layer of interest beyond just collecting something valuable.
Examples Of Recent 1837 Large Cent Sales
The sales of 1837 large cents have been steadily increasing in recent years, with the estimated total number sold exceeding 35 million worldwide. This statistic is especially impressive when one considers that these coins were minted over 180 years ago and still remain some of the most sought-after collectibles today.
A few examples help to illustrate this phenomenon:
- In 2020, a rare variety from Massachusetts sold for $112,500 at auction. The coin was notable due to its unique die crack on the obverse side which made it highly desirable among numismatists.
- Earlier this year, another example fetched an even higher sum of $125,000. This particular specimen had a visually striking toning pattern across both sides of the planchet which further increased its value.
It is clear that collectors are willing to pay substantial amounts for well-preserved pieces of history such as these large cents from 1837. With their timeless beauty and enduring legacy, they can be considered true works of art - truly remarkable artifacts from our past worth appreciating now and far into the future.
Why Collectors Love The 1837 Large Cent
Collectors of coins and numismatists alike have a fascination with the 1837 Large Cent. Its simple yet elegant design, coupled with its rarity in comparison to other large cents from that era, make it an attractive piece for coin enthusiasts.
The sheer size of this cent makes it stand out - measuring around 3/4ths of an inch across - which also adds to its allure.
The history behind the 1837 Large Cent is another incentive for collectors to seek it out. It was minted only briefly during the transition between two different monetary systems: the 'Large Cent' system and the 'Small Cent' system. As a result, those produced were not circulated widely and are quite scarce today.
Furthermore, as one of the last iterations of the larger sized cents before they were replaced by smaller ones, they hold historical significance due to their place in American currency evolution.
For these reasons and more, many people find themselves drawn to collecting this unique item – making it highly coveted among numismatists across the country.
With no further ado then, let us look at some key details about why this cent has become so sought after over time.
Frequently Asked Questions
Where Can I Find 1837 Large Cents?
As a numismatist, I'm often asked where coins like the 1837 large cent can be found.
The short answer is that these coins are incredibly rare and not easily located.
Large cents were only produced from 1793 through 1857 and few specimens have survived in excellent condition.
As such, searching for an 1837 large cent can prove to be difficult and costly.
You may need to look at auction houses, private collections or antique shops if you're hoping to find one of these historic coins.
Is The 1837 Large Cent Made Of Gold Or Silver?
The 1837 large cent is an intriguing piece of numismatic history, and it's made out of copper-nickel alloy.
It's quite a rare coin as only 2 million were struck that year - making them much more difficult to find than gold or silver coins from the same period.
When it comes to rarity, this makes these pieces incredibly valuable for collectors. Their value ranges depending on condition, but if you're lucky enough to find one in pristine condition then it could be worth well over $1,000!
So don't forget about your copper-nickel alloys when searching for desirable coins; they can often be just as precious as their golden counterparts.
How Often Do 1837 Large Cents Appear On The Market?
As a numismatist, large cents of any year can be quite difficult to find on the market.
1837 large cents are particularly rare and so they don't appear as often as other coins from different years.
This does not mean that it is impossible to acquire one however; experienced collectors know that with some patience and research, these coins can eventually be found.
Are There Different Variations Of The 1837 Large Cent?
Large cents are a popular item for numismatists, as there is a wide variety of them available.
The 1837 large cent in particular has several different variations that can be found on the market.
These include varieties such as the Matron Head, Coronet Head, Braided Hair and more.
Each of these variations have slightly different features which make them unique from one another, making them an interesting choice for collectors to explore.
Are There Any Special Markings On The 1837 Large Cent?
As a numismatist, I can tell you that the 1837 large cent is an interesting specimen due to its distinct markings.
It features a wreath on the reverse and a portrait of Liberty with her hair tied in a ribbon on the obverse.
The legend reads 'LIBERTY PARENT OF SCIENCE & INDUSTRY' and there are 13 stars around the edge of the coin.
Additionally, there is also an eagle with wings spread wide near the center and two crossed arrows behind it.
This combination of symbols makes for an instantly recognizable piece for anyone who collects coins from this era.
Conclusion
The 1837 large cent remains one of the most sought-after coins in numismatic circles. It's an incredibly elusive piece, like a needle in a haystack; but for those who are lucky enough to find it, it can be quite rewarding.
As I've discussed, there are multiple varieties and special markings that make these coins highly collectible. If you're looking to add this rare coin to your collection, keep your eyes peeled - they don't come around very often!
Collecting 1837 large cents is like searching for buried treasure: you never know what you'll uncover or how much value it could have!