The 1856 large cent is a significant coin in the history of American numismatics. It was minted from 1793 to 1857, and it has great value for collectors due to its rarity, beauty, and historical importance. As a result, understanding this particular cent can provide valuable insight into United States monetary policy at the time.
This article will explore various aspects of the 1856 large cent such as its composition, mintage figures, varieties available, and current market values. We'll also discuss how these coins have become increasingly popular among novice and experienced collectors alike over recent years.
By learning about this classic piece of U.S currency, we can gain an appreciation not only for its aesthetic qualities but also for its role in shaping our nation’s financial system during a pivotal period in American history.
Compositional Characteristics
Large cents, which were produced from 1793 to 1857, are an important part of the history of American coinage. Their compositional characteristics demonstrate their significance and historic value in understanding the evolution of United States currency during this period.
The large cent was composed primarily of copper, with a small amount of tin added for strength. This composition remained consistent throughout its production run; however, there were minor adjustments made over time to account for metal shortages or other factors that affected cost and availability.
The size also stayed relatively constant at 1-1/8 inches (29mm) in diameter until the final year of production when it decreased slightly to 1 inch (25mm).
During its lifetime, two distinct designs appeared on large cents: Liberty Cap and Coronet Head. Both designs featured Lady Liberty as the primary motif but differed in the styling elements used to depict her likeness.
Each design had several varieties based upon changes implemented during different years and periods of manufacture. These subtle differences make them highly collectible today amongst numismatists who appreciate these unique pieces from America's past.
Mintage Figures
The large cent is a historical coin that has intrigued numismatists for centuries. It's impressive size and intricate design make it an eye-catching specimen, begging the question: just how many of these coins were minted? The answer lies in its mintage figures.
Large cents were first minted in 1793, when the United States government authorized their production as part of the Coinage Act. At first glance, it appears that over 11 million coins were manufactured during this period; however, closer inspection reveals some interesting nuances to this figure.
In particular, there are four main varieties - Flowing Hair Chain Cent (1793), Wreath Cent (1793-97), Liberty Cap Cent (1793-1800) and Draped Bust Cent (1800-08). Each variety had different mintage numbers which range from approximately 36,000 to 2 million per type.
These figures certainly paint a vivid picture about the wide distribution of the large cent! The rarity of certain types makes them highly sought after by collectors today. Furthermore, the fact that so many millions of coins have been produced throughout history indicates just how popular they have been since their inception in 1793.
Available Varieties
I'm a numismatist so I'm quite familiar with the different varieties of large cents.
The two most common varieties are the Draped Bust and the Coronet Head.
The Draped Bust was made from 1796 to 1807 and features a portrait of Lady Liberty on the obverse.
The Coronet Head was produced from 1816 to 1839 and features a portrait of Lady Liberty facing left.
Draped Bust
The Draped Bust variety of large cents is a highly sought after type for collectors. This particular variant was designed by Robert Scot and issued between 1796-1807, with two distinct obverses used during this period.
The design features Lady Liberty wearing a diadem inscribed with the word LIBERTY and surrounded by thirteen stars representing the original colonies. On the reverse side is an ornate wreath composed of laurel leaves that wraps around ONE CENT, which appears at its center.
These coins are available in several types; namely S-1793 (overdate), S-1794/5 (double punched date), S-1797 (with 13 or 15 stars on the obverse), and S-1800 to 1803 (having 13 or 16 stars). Collectors should note that there are also varieties within each of these subtypes, such as those dated 1799 having both small and large letters below the bust line. Additionally, some specimens have been known to feature recut dates as well as other minor variations.
Overall, Draped Bust large cents offer numismatists many options when collecting this classic coinage series - from overdates to various star arrangements - making them one of the most desirable issues among American colonial coins.
Coronet Head
Moving on from the Draped Bust variety, another popular type of large cent is the Coronet Head.
This design was created by Robert Scot and circulated between 1816-1839.
It features a portrait of Lady Liberty wearing a coronet inscribed with LIBERTY which encircles thirteen stars representing the original colonies.
On the reverse side, it displays an ornate laurel wreath surrounding ONE CENT in its center.
There are also varieties within this type as well; for instance, those dated 1836 have both small and large letters below the bust line.
Additionally, some specimens feature recut dates or other minor variations that could be considered collector's items.
All in all, Coronet Heads offer numismatists many options when collecting large cents - making them just as desirable among American colonial coins as their predecessor.
Current Market Values
A large cent is a coin with a face value of one cent that was produced in the United States between 1793 and 1857. Despite its diminutive size, this type of currency has made an indelible mark on U.S. numismatics due to its rarity and historical significance.
As there are numerous varieties available for collectors today, understanding them can be daunting. To make it easier, let's break down the different types:
- Classic Head – minted from 1793–1814, these coins feature Lady Liberty wearing a Phrygian cap
- Matron Head (or Coronet) – struck 1816–1839, they show Lady Liberty wearing a coronet bordered by stars
- Braided Hair – first issued in 1840 until production ceased in 1857, they sport an image of Lady Liberty with her hair braided into a bun behind her head
Knowing which variety you have will give you insight into the current market values associated with each design. For example, Classic Heads tend to bring higher prices at auction than their Matron or Braided counterparts because fewer were minted during those years.
It should also be noted that condition plays an important role when determining the worth of your large cents—a piece graded as “good” may not command nearly as much as one rated “uncirculated.' All things considered, buyers would do well to educate themselves about the nuances of collecting large cents if they hope to maximize their return on investment.
Increasing Popularity Among Collectors
The large cent has seen an increasing popularity among collectors since its introduction in 1793. An estimated eighty-five percent of all copper coins struck for circulation during this period were the large cents, making them a desirable collectible today due to their availability and variety. As such, numismatists have come to appreciate these coins for both their beauty and historical importance.
| Coin Design | Year Issued |
|---|---|
| Flowing Hair Large Cent (Bust) | 1793 - 1796 |
| Draped Bust with Small Eagle Reverse | 1796 - 1807 |
| Classic Head Large Cent | 1808 - 1814 |
| Coronet Head Large Cent | 1816 - 1857 |
The size, weight, and composition of the United States large cents changed several times over the course of production from 1793 until 1857. The Flowing Hair design was based on Liberty wearing a cap with flowing hair, which featured on all circulating American coinage before it was replaced by Robert Scot’s Draped Bust small eagle reverse design in 1796. This design lasted until 1807 when it was replaced by John Reich's Classic Head motif that appeared on all US coins minted between 1808 and 1814. Finally, Christian Gobrecht's Coronet headLarge Cent became the last version used from 1816 up until its discontinuation in 1857.
Today, many people enjoy collecting these early U.S. coins as they are still relatively affordable compared to other pre-federal issues or rare dates. Despite being more than two centuries old, some specimens remain in remarkably good condition and can be quite valuable depending upon their grade and rarity characteristics. Thus, there is no wonder why so many numismatists find the large cent series appealing even after so many years!
Frequently Asked Questions
What Is The Historical Significance Of The 1856 Large Cent?
The 1856 large cent is an important numismatic collectible for its historical significance.
It was struck during a time when the United States experienced much economic growth and expansion, making it particularly valuable to collectors.
The design of this coin reflects America's growing population at the time, with smaller cents being produced in greater numbers than ever before.
Additionally, the mintage of this variety is relatively small compared to other U.S coins from that era, further increasing its importance among collectors.
As such, it has become one of the most sought-after varieties in all of American numismatics today.
Are There Any Special Features To Look For When Identifying The 1856 Large Cent?
Numismatists often look for unique features of coins to accurately identify them. The 1856 large cent is no exception, as there are certain characteristics that can be used to determine its authenticity.
For instance, genuine 1856 large cents have a shield design on the reverse side and an image of Lady Liberty with a coronet on the obverse. Additionally, these coins were minted from 100% copper and weigh around 10-11 grams each.
It's important to note that counterfeit versions may also exist so it should always be verified by experienced coin collectors before making any purchases.
What Is The Best Way To Store Or Display A 1856 Large Cent?
When it comes to storing or displaying a large cent, the best way is to keep it in an acid-free holder that provides protection from dirt and dust.
It should also be kept away from direct light and heat sources as these have been known to cause discoloration of the coin over time.
The optimal environment for preserving your valuable large cent would involve minimal handling and regular checking on its condition.
Proper storage can help ensure that you enjoy your numismatic treasures for years to come!
How Does The 1856 Large Cent Compare To Other Large Cents From The Same Period?
Large cents from the mid-1800s offer a variety of interesting designs, and collectors often compare them to determine which is most desirable.
The 1856 large cent, for example, has an intricate Liberty head design with 13 stars on the obverse side.
This makes it quite different from other large cents from the same period that feature more basic designs such as a wreath or shield.
The Liberty head design gives this coin added value since it's not seen in other coins from the same era.
Collectors may also take into account rarity when assessing the value of any given large cent.
Are There Any Rare Varieties Of The 1856 Large Cent?
Numismatists have long been fascinated by rare varieties of coins, with the 1856 large cent being no exception. It is one of the most iconic and desired rarities around, often commanding a hefty price on the market due to its rarity.
With several distinct features that make it stand out from other large cents from this period, collectors are always eager to find an example of this sought-after coin. What makes these specimens so special?
Read on to discover more about this fascinating piece!
Conclusion
As a numismatist, I find the 1856 large cent to be an incredibly intriguing coin.
Not only does it have historical significance as one of the oldest coins still in circulation today, but it also has some unique features that make it stand out from other large cents minted during this period.
With its distinctive design and rare varieties, collectors of all levels can appreciate its beauty and rarity.
To ensure optimum preservation for my own collection, I keep them safely stored away and occasionally take them out for display.
As goes with any investment, there is no guarantee when collecting coins like these; however, with proper care and attention they will remain timeless treasures for many years to come!