The 1849 large cent is an exciting and intriguing coin for numismatists. It was minted during a time of great growth and expansion in the U.S., making it especially interesting to collectors.
Its unique design, which includes both Liberty and Britannia on its reverse, makes it a visually attractive specimen as well. With only 11 varieties known to exist, this type of large cent is highly sought-after by numismatic enthusiasts due to its rarity and historical significance.
The 1849 large cents were produced using copper alloy planchets coated with copper-nickel, creating an eye-catching finish that still holds up today. This particular variety has several distinct features that help identify it from other coins from the period, including a wide date that appears below the bust of Liberty on one side and the seated figure of Britannia holding trident surrounded by stars on the reverse side.
History And Background Of The 1849 Large Cent
The 1849 Large Cent stands as a symbol of numismatic excellence and historical significance. It is the quintessential specimen that represents an era, when coins were struck with precision and beauty. Even today, it continues to captivate collectors with its intricate details, pristine condition and iconic shape.
It is no exaggeration to say that the 1849 Large Cent has been one of the most sought after collectible numismatics for well over a century now. Its popularity can be attributed to its unique design which features Lady Liberty on the obverse side alongside 13 stars encircling her head – each star representing one of the original colonies in America at the time.
On its reverse side, there’s an eagle grasping arrows and olive branch – also presenting itself as a reminder of freedom from Britain's rule during this time period.
No collection would be complete without such an exquisite piece of history like this rare cent coin. For any serious numismatist, acquiring even just one example of this prized coin should be among their top priorities – lest they miss out on having a little slice of American history all their own!
Design And Specifications
The 1849 Large Cent is an extraordinary example of the United States Mint's ingenuity and craftsmanship. This iconic coin stands out among other denominations due to its size, design, and rarity. As numismatists have come to recognize, it was a revolutionary moment in American currency that had far-reaching repercussions for years to come.
The 1849 Large Cent boasts a unique Liberty head obverse which features a cap encircled by thirteen stars with the inscription 'United States of America' around the rim. On the reverse side, one finds an agricultural wreath embracing the denomination - 1C - along with UNITED STATES OF AMERICA at the margin.
The diameter measures 28 millimeters while thickness varies from 2mm to 3mm depending on wear or circulation; this variation is normal as part of their production process. This historic cent has been affectionately dubbed 'the Big One' because of its sheer size compared to modern coins.
Its release marked a significant milestone in US monetary history as it was one of only two large cents produced between 1793 and 1857 when they were replaced by small cents after being declared too unwieldy for efficient commerce. Today these coins are treasured keepsakes and highly sought after collectibles due to their historical significance and aesthetic charm.
Rarity And Mintage
Mintages of large cents refer to the number of coins produced in a given year.
Rarity grades refer to the availability and value of a specific coin.
Generally, the lower the mintage, the higher the grade and the more valuable the coin.
Collectors should be aware of both mintage and rarity grade when considering buying a large cent.
Mintages
When it comes to large cents, there are certain mintage numbers that make them highly sought after by numismatists. These coins can be extremely rare due to their limited production runs and miniscule mintages.
For example, the 1856 Flying Eagle cent had a total mintage of 863,000 pieces making them incredibly difficult to find in circulated condition or higher grade. The 1877 Indian Head cent is also another prime example of rarity through low minting with only 1 million being produced. This coin has been known to fetch quite a high price when found in excellent condition as they tend to not survive the test of time very well compared other issues from this series.
As such, these two coins represent some of the more desirable Large Cents due to their small mintage numbers and overall scarcity amongst collectors today.
Rarity Grades
When it comes to assessing the rarity of a large cent, numismatists generally refer to its grade. The coin's condition plays an important role in determining how rare the piece is and can have a huge effect on its value.
Coins that are graded as Mint State or Proof are highly sought after due to their excellent preservation, while coins with lower grades may not be worth much at all. For instance, an 1856 Flying Eagle cent in MS-65 would make for a great addition to any collection given its relatively low mintage numbers, while one in Good-4 could still fetch some decent money but is far less attractive than its counterpart.
However, it should also be noted that certain coins can become quite valuable even if they're not in perfect shape. This typically happens when there were few specimens produced or the issue has higher demand from collectors appearing willing to pay more for them regardless of their current state of preservation.
An example would be the 1877 Indian Head Cent which saw only 1 million pieces struck; this usually commands a pretty good price especially when compared to other issues from this series.
Therefore, being aware of both the mintage numbers and condition of your large cents will provide you with insight into just how rare each individual piece might be - something that every savvy numismatic must keep in mind!
Varieties Of The 1849 Large Cent
The 1849 Large Cent is an important piece of coinage from the United States Mint. It's one of the most sought-after coins for collectors, with over 24 million pieces in circulation.
An interesting fact about this large cent variety is that it was minted for a shorter period than any other U.S. penny – only two years! This rarity has made the 1849 Large Cent highly desirable among numismatists and coin hobbyists alike.
Numismatists have identified several varieties within the 1849 Large Cent series, including Coins Without Lattice (COWL), Braided Hair Type II CENTS, and Small Date varieties.
The COWL variety features no lattice design on its reverse side, while Type II CENTS feature a thicker braid pattern compared to previous designs. Lastly, Small Date cents are distinguished by their smaller numerals indicating the year of mintage on its obverse face.
Each variety of the 1849 Large Cent is unique and can be difficult to identify without close examination; even experienced numismatists may need assistance when sorting through them all!
Because of their relative scarcity and potential value, these coins should always be handled with care and consideration as special items worthy of admiration and respect.
Collecting And Investing In The 1849 Large Cent
The 1849 Large Cent is a highly sought after and collectible coin, due to its rarity. It was only minted in one year, making it the last of the large cents with a diameter of about 29mm that were struck for circulation in the US.
As such, this coin can be incredibly valuable depending on its condition and grade. Collecting and investing in the 1849 Large Cent can be quite rewarding - if you have knowledge of numismatics or are willing to learn.
Knowledge of what to look for when assessing quality, understanding how different grades affect value, and familiarity with market trends will all help inform your decision-making process when deciding whether or not to invest in this particular item.
However, care should still be taken as there are counterfeits out there so it's important to understand which dealers offer authentic coins. In addition to collecting and investing in these coins, they also make great gifts for special occasions like birthdays and anniversaries - provided you know where to find them and can trust that they're genuine!
With their historical significance and beauty combined, it's no wonder why the 1849 Large Cent continues to remain popular amongst collectors today.
Frequently Asked Questions
What Is The Current Market Value Of An 1849 Large Cent?
The market value of a 1849 large cent is like a hidden gem, just waiting to be discovered. To numismatists, the rarity and age of this coin make it an intriguing find that carries great potential worth.
This particular large cent was minted in 1849, making it over 170 years old, and its condition will greatly determine what buyers are willing to pay for it. Such coins can range from being worn down due to circulation or having retained their original luster - both resulting in different values on the open market.
Collectors may offer anywhere from $20 to several hundred dollars for pieces depending on grade and popularity among hobbyists.
How Many 1849 Large Cents Have Survived To Present Day?
As a numismatist, determining the number of large cents that have survived to present day is an important part of studying and valuing coins.
Large cent coins were first minted in 1793, with many different varieties produced up until 1857 when they were discontinued.
Of all these different types, it's estimated that only around 40-50 specimens from 1849 are still in existence today.
Are 1849 Large Cents Still Produced Today?
Large cents are no longer produced today; the last large cent was minted in 1857.
The 1849 large cent is a particularly valuable coin due to its age and scarcity, as not many have survived over the years.
As such, it does not exist among coins newly minted by any government or private organization.
What Is The Most Valuable Variety Of 1849 Large Cent?
The most valuable variety of large cent is the 1849 Braided Hair issue.
This numismatic rarity was struck in limited quantities, with only two known examples certified as Mint State by Professional Coin Grading Service (PCGS).
One such example sold for $1.2 million at auction and holds the record as one of the highest prices ever paid for a single U.S. coin.
Its value is attributed to its superb quality, attractive toning, and fascinating history that has captivated collectors since its discovery more than 150 years ago.
Are There Any Counterfeit 1849 Large Cents In Circulation?
Counterfeit coins have been a problem since the beginning of time, and large cents are no exception. Despite their relatively smaller size, 1849 large cents can be found in circulation that may not be genuine.
Numismatists should inspect any specimens they come across for signs of counterfeiting such as incorrect weight or composition, poor strike quality, and other details which could suggest it is a fake.
It's important to remember that while some fakes may look authentic at first glance, discerning collectors must stay vigilant when evaluating any new finds.
Conclusion
The 1849 large cent is a fascinating coin for any numismatist. Its current market value is determined by its condition and rarity, making it an attractive piece to collect.
As only a small number of these coins have survived to present day, they are highly sought after by collectors. The most valuable variety of this coin is the rare 'Brockage' error where one side appears as if it's been stamped twice.
It should be noted that counterfeit 1849 large cents can exist in circulation; caution must be taken when acquiring such pieces.
Take the case of Joe Smith, who was looking to add a unique 1849 Large Cent to his collection. After extensive research he finally found what appeared to be a genuine Brockage specimen offered at an impressive price point.
Fortunately, due diligence paid off and Joe acquired a stunning example with all the correct attributes which will no doubt bring him joy every time he admires it on display!