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1793 Wreath Cent : A Collector’s Guide

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This 1793 Wreath Cent, Sheldon-3 Variety was sold by Stack's Bowers in 2016 for nearly one million dollars.
This 1793 Wreath Cent, Sheldon-3 Variety was sold by Stack’s Bowers in 2016 for nearly one million dollars.

by Charles Morgan and Hubert Walker for CoinWeek…

What is the 1793 Wreath Cent and Why is it So Rare?

The 1793 Wreath cent is the second of three one cent coin designs issued by the United States Mint in 1793, the inaugural year of its newly purchased Philadelphia money factory.

The change in design to the Wreath cent came about after public complaints regarding the symbolism of the chain link reverse, which some equated to bondage. Mint Director David Rittenhouse responded to these criticisms by ordering the creation of a new design. Henry Voigt was charged with creating the dies and may have been the coin’s designer.

The obverse is adapted from that of the Chain cent, with subtle modifications. The new reverse design featured an ornamental wreath, which itself was adapted from the 1792 silver center cent patterns.

Wreath cent production commenced on April 4, 1793 and continued through April 19, when the Mint ran out of copper planchets. A similar situation presented itself earlier in the year when the Chain design was being used.

On June 27,  the U.S. Mint secured sufficient stock of copper to resume coinage and produced 20,000 Wreath cents through July 1. Another spurt of 176 coins was delivered on July 17.

The final cents with the Wreath reverse were struck on September 17, 1793, as mint workers struck coins with the last of the planchets they had on hand before shutting down the presses to evacuate the city, which was experiencing a yellow fever outbreak. Also factoring into the decision to close shop was the tragic loss of Chief Engraver Joseph Wright and his wife, both of whom had succumbed to the disease the week before.

Wright’s death likely forced the Mint to introduce its third cent design in late 1793.

Deliveries of 1793 Wreath Cents
April 9, 1793 12,000 delivered April 13, 1793 6,112 delivered
April 16, 1793 8,000 delivered April 17, 1793 7,000 delivered
April 18, 1793 6,000 delivered April 19, 1793 4,240 delivered
June 28, 1793 8,000 delivered July 6, 1793 11,825 delivered
July 17, 1793 176 delivered Total: 63,353 coins

 

How Many 1793 Wreath Cents Survive?

The 1793 Wreath Cent is scarce in all grades and typically sell in damaged or well-worn conditions. It is estimated that fewer than 5,000 coins of this design survive, with most high grade examples being stowed away as keepsakes by local citizens or British merchants and collectors, who were interested in the early coinage of the former British colony.

When the large cent was discontinued in 1857, interest in collecting America’s early copper coins exploded and it was at this time that many of the lower grade examples likely were pulled out of circulation and put into coin collections.

Many of the finest surviving examples trace their provenance back to important 19th century collections. This chain-of-custody, or pedigree, is significant as collectors use this information to identify and rank known examples.

A 1793 Wreath Cent Traveled to Outer Space

A 1793 Wreath Cent was tucked away in a medical kit on board the Gemini VII capsule. Image: NASA / CoinWeek
A 1793 Wreath Cent was tucked away in a medical kit on board the Gemini VII capsule. Image: NASA / CoinWeek

Trivia: Minnesota coin dealer William J. Ulrich, Sr. (who has a strange story of his own) and flight surgeon Howard A. Miners placed a 1793 Wreath cent in the in-flight medical kit on the Gemini VII spacecraft.

* * *

How Much is the 1793 Wreath Cent Worth?

The Wreath Cent is considered scarce to rare in all conditions. Low end examples, which are mostly worn are worth a minimum of $2,000. In circulated grades, problem free examples typically trade at auction for prices ranging from $5,000 to $50,000, depending on grade.

Uncirculated examples exist, but these are quite rare. The very finest examples would sell for a $1,000,000 or more dollars if sold at auction.

CoinWeek advises readers to only purchase 1793 Wreath Cents after they have been professionally authenticated and graded by one of the following third party grading services: CAC, NGC, and PCGS.

A List of Some of the Most Important 1793 Wreath Cents and Their Price History

1793 Wreath Cent, Sheldon-5

  • PCGS MS64+BN #26401320: S.K. Hartzfeld, 1879; S.H. and H. Chapman; Ed. Frossard – $100; George M. Parsons; Ed. Frossard, October 1884, Lot 984 – $200; Richard B. Winsor; S.H. and H. Chapman, December 1895, Lot 825 – $160; S.H. and H. Chapman; George H. Earle, Jr.; Henry Chapman, June 1912, Lot 3357 – $220; Clarence S. Bement; Henry Chapman, May 1916, Lot 287 – $520; Henry Chapman; Col. James W. Ellsworth, March 1923; Wayte Raymond; William Cutler Atwater; B. Max Mehl, June 1946, Lot 11 – $1,050; R.E. “Ted” Naftzger, Jr., February 23, 1992; Eric Streiner; Jay Parrino; from here, unknown to us… Imaged on PCGS CoinFacts. The finest known of this variety.

1793 Wreath Cent Sheldon-6, Vine and Bars Edge

Breen 7. Vine and Bars Edge. Rarity 3. Sprung die causes central part of hair detail to appear worn, even in Mint State.

  • Mint State: Clarence S. Bement; Henry Chapman, May 1915, Lot 288 – $360; Dr. George P. French, March 21, 1929. As a “Red and Olive Proof” B. Max Mehl, Fixed Price List, 1929 – $1,200; Henry A. Sternberg; J.C. Morgenthau & Co., April 1933, Lot 4 – $350; B. Max Mehl Collection, 1944; T. James Clarke, 1950; Dr. William H. Sheldon, April 19, 1972; R. E. Naftzger, Jr., February 23, 1992; Eric Streiner; Jay Parrino…
  • NGC MS65: Seavey 1873; Lorin G. Parmelee, February 6, 1892; H. P. Smith; Dr. Thomas Hall; Virgil Brand, September 7, 1909; New Netherlands Coin Company; Harold Bareford July 1951; Herman Halpern, 1985; “The Herman Halpern Collection”, Stack’s, March 1988, Lot 6 – $46,750. Superior Galleries, August 1992, Lot 10 – Passed.
  • Mint State: Richard B. Winsor; S.H. and H. Chapman, December 1895, Lot 825 – $110; S.H. and H. Chapman; George H. Earle, Jr.; Henry Chapman, June 1912, Lot 3359 – $160; Henry Chapman; Col. James W. Ellsworth, March 1923; Wayte Raymond, April 1923; George H. Clapp; American Numismatic Society.

1793 Wreath Cent, Sheldon-8

B-13, Rarity-3-. Curved sprig atop the date. Triangular “bow” of the ribbon on the reverse. Obverse die also used on Sheldon 9. Numismatist Walter Breen speculated that this die marriage produced 6,112 coins that were delivered on April 13, 1793. Diagonal die crack forms on reverse to the left of O through EN in cent down to the left leg of A to the rim.

  • PCGS AU55 #10798714:  “The Leo Beranek Collection of Early Federal Coinage”, Heritage Auctions, January 10, 2008, Lot 2665 – $40,250.

1793 Wreath Cent, Sheldon-9

Breen 12. Vine and Bars Edge. Curved sprig on the three leaf device between truncation and date. Large bow. Obverse also used on Sheldon 8. In Noyes Die State B, a die crack develops at the top of C in AMERICA and extending to final A. High relief dies. The most common wreath cent variety.

  • PCGS MS69 #2368140: Virgil M. Brand; Burdette G. Johnson, 1941; Ernest Henderson, 1958; Dorothy Paschal, 1959; Dr. William H. Sheldon, April 19, 1972; R.E. “Ted” Naftzger, Jr., February 23, 1992; Eric Streiner; Jay Parrino; Superior, March 2000, Lot 67; Superior, March 2001, Lot 12; private collector; Steve Contursi; Cardinal Collection Educational Foundation; “The Cardinal Collection”, Stack’s Bowers, January 2013, Lot 13002 – $558,125; Stack’s Bowers, August 14, 2013, Lot 4019 – $481,750. Pedigree research assisted by Stack’s Bowers.
  • PCGS MS66+BN CAC #25338683: Sylvester S. Crosby, Brand, February 7, 1941, B.G. Johnson; “The Oscar Pearl Collection”, Numismatic Gallery, 1944 Fixed Price List, Lot 7 – $1,150; “The Charles M. Williams Collection”, Numismatic Gallery, November 1950, Lot 10 – $1,175; “The R.E. ‘Ted’ Naftzger, Jr. Collection”, New Netherlands Coin Company, November 1973, Lot 330 – $14,000; Dr. Fred Yee; World Wide Coin Co., August 1975; Steve Ivy Rare Coin Co., August 1975; Bowers and Ruddy, August 1975; Dr. Herbert I Letterman; Auction ’82 – RARCOA, July 1982, Lot 510 – $38,000; Jimmy Hayes; RARCOA; Anthony Terranova; Alex Acevedo; R.E. “Ted” Naftzger, Jr., February 23, 1992; Eric Streiner; Jay Parrino; Heritage Auctions, August 1998, Lot 5852 – $138,000; “The Haig A. Koshkarian Collection”, American Numismatic Rarities, March 2004, Lot 8; “The Oliver Jung Collection”, Heritage Auctions, August 7, 2014, Lot 5520 – $528,750. Pedigree research assisted by Heritage Auctions.
  • PCGS MS64+BN #25303657: Stack’s Bowers, January 2013, Lot 13109; Stack’s Bowers, August 15, 2018, Lot 1017 – $99,000. Breen die state VII.
  • NGC XF45BN #3909406-001: William Ulrich; while owned by Ulrich, the coin was flown 206 times around the earth aboard Gemini VII, William Fox Steinberg, privately, 1972 – $15,000; unknown intermediaries; privately to Thomas V. Tallarico, acting as purchasing agent for an anonymous collector, 1977; Tallarico Rare Coins to Paul Sims, Inc., February 17, 1987 – $20,000; unknown intermediaries. As NGC XF45 #3909406-001. Stack’s Bowers / Sotheby’s, May 20, 2015, Lot 42 – $82,250.

1793 Wreath Cent, Sheldon-10

Rarity-4. Injured rim variety. Period after legend on reverse.

1793 Wreath Cent, Sheldon-11A

Rarity-4+. Vine and Bars Edge.

  • PCGS AU53+ #13666792: Tom Reynolds, December 2002; Walter J. Husak. “The Walter Husak J. Collection”, Heritage Auctions, February 2008, Lot 2010; “The Daniel W. Holmes Collection, Part I”, Goldberg Auctioneers, September 2009, Lot 18, Stack’s Bowers, August 14, 2013, Lot 4021 – $25,000 Reserve Not Met. Planchet flaw at ribbon.

1793 Wreath Cent, Sheldon-11B

Rarity-4. Lettered Edge.

  • PCGS EF45: Federal Coin Exchange, October 1953; Mrs. R. Henry Norweb; “The Norweb Collection, Part III”, Bowers and Merena, November 1988, Lot 2694 – $5,060; Stack’s Bowers, August 7, 2012, Lot 11182 – $30,550.

1793: Sheldon-11C

Rarity-3-. Lettered edge. Copper of inferior quality for this variety, supplied to the Mint by Greenleaf & Watson.Many have laminated planchets.

  • PCGS MS64BN #10739381: Dr. Charles Clay; “The Dr. Charles Clay Collection”, W.H. Strobridge, December 1871, Lot 701 – $67.50; purchased by James E. Root; “The James E. Root Collection”,  Edward Cogan, December 1878, Lot 231 – $42; purchased by Lorin G. Parmelee; “The Lorin G. Parmelee Collection”, New York Coin and Stamp Company, June 1890, Lot 673 – $80; purchased by S.H. and H. Chapman, possibly for John G. Mills; “The John G. Mills Collection”, S.H. and H. Chapman, April 1904, Lot 1232 – $130; purchased by Carl Wurtzbach; Wurtzbach to Virgil Brand, privately; Brand estate; New Netherlands Coin Company to Harold Bareford; “The Bareford Collection”, Stack’s, September 1978, Lot 502 – $16,000; purchased by W.M. “Jack” Stone; Stone to Leo Baranek through Joseph Landry; “The Leo Beranek Collection of Early Federal Coinage”, Heritage Auctions, January 10, 2008, Lot 2666 – $276,000. Pedigree research assisted by Heritage Auctions.
  • PCGS AU53 CAC #20120286: Bowers and Ruddy’s Rare Coin Review #24, Autumn 1975 – $5,500; Bowers and Ruddy, December 1975, Lot 270 – $3,850; Bowers and Ruddy’s Rare Coin Review #26, Summer 1976 – $3900; Andrew P. Lustig; Bowers and Merena, September 1985, Lot 14 – $7,700; Kagin’s, January 1986, Lot 4100 – $2,860; Andrew P. Lustig; Midwest collector; Jay Woodside; Harold “Red” Seiler; Jay Woodside, September 1993; Thomas D. Reynolds, February 1997; John B. MacDonald; Denis W. Loring; “The Denis W. Loring Collection of 1793 Large Cents”, Heritage Auctions, January 2012, Lot 3030; “The Collection of Thaddeus A. Tatum III”, Stack’s Bowers, August 15, 2018, Lot 1019 – $36,000
  • “AU55”: Robert Coulson; New York Coin & Stamp Co., January 1890, Lot 2511 – $26.50; S.H. & H. Chapman, privately; unknown intermediaries; Dr. William H. Sheldon; T. James Clarke, October 1954; R.E. “Ted” Naftzger; New Netherlands Coin Company, November 1973, Lot 334 – $6,000; Jack Beymer offered for $7,600 in his March 1978 ad in The Numismatist; Michael Elliot; Bruce Stowe, October 1995; Thomas D. Reynolds, February 1997; Denis W. Loring…

1793 Wreath Cent, Sheldon-13

Breen 20. Re-engraved hair.

  • PCGS F12, offered by Stack’s Bowers, 8/7/2012, #11183, $30,550.

1793 Wreath Cent, Sheldon-14

Rarity-5. Develops long die rack from Rim above E through portrait to the right of 3 to the rim.

  • PCGS AU53 CAC #25673204: “The Henry C. Miller Collection”, Thomas L. Elder, April 1917, Lot 644 – $102.50; Henry C. Hines; Dr. William H. Sheldon; Sheraton Coin Co.; Dr. William H. Sheldon, April 1972; “R.E. ‘Ted’ Naftzger, Jr. Collection”, New Netherlands Coin Company, November 1973, Lot 336 – $3,250; First Coinvestors; Pine Tree Auctions, February 1975, Lot 599 – $3,500; William R.T. Smith; Jack H. Beymer; Albert Ault; Alfred K. Nippert, Jr.; Heritage Auctions, September 2015, Lot 3688; “The Collection of Thaddeus A. Tatum III”, Stack’s Bowers, August 15, 2018, Lot 1020 – $57,600. CC#8. Pedigree research assisted by Stack’s Bowers.

1793 Wreath Cent, Strawberry Leaf Cent

1793 Wreath Cent graded G04 by PCGS. Image: Heritage Auctions.
1793 Wreath Cent graded G04 by PCGS. Image: Heritage Auctions.

This variety features a trefoil leaf, which does not in any way resemble a strawberry plant, on the obverse above the date. Four examples known. Carry vine and bars edge device. PCGS VG10 is the finest. This coin was formerly graded F12 by NGC, and was represented as such in its 2004 and 2009 auction appearances.

  • PCGS VG10 #12952855: David Proskey; Scott & Co., October 1877, Lot 201 – $77.50; purchased by H.G. Sampson acting on behalf of Lorin G. Parmelee; “The Lorin G. Parmelee Collection”, New York Stamp and Coin Co., June 1890; Lot 671 – $79; purchased by Charles Steigerwalt, Charles Steigerwalt to Dr. Thomas Hall, privately, October 1890 – $90; The Dr. Thomas Hall Collection, en bloc, to Virgil Brand, September 7, 1909; Brand estate; consigned by Armin Brand to B.G. Johnson on February 7, 1941; purchased by James Kelly, May 1941 – $2,500; Purchased by Roscoe E. Staples – $2,750; Staples estate; “The Frog Run Farm Collection”. As NGC F12, #1827897-001. American Numismatic Rarities , November 30, 2004, Lot 130 – $414,000; Stack’s Bowers, August 5, 2009, Lot 51 – $862,500. As PCGS VG10. Stack’s Bowers, August 6, 2020; Lot 1006 – $660,000. Pedigree research assisted by Stack’s Bowers.
  • PCGS G4: Discovered in Philadelphia by William Rabin, Rabin marketed the coin in the  September 1941 issue of The Numismatist, page 736 – $2,500; James Kelly, May 1949, Lot 1044 – $1,250; Floyd Tallmadge Starr; “The Floyd T. Starr Collection of United States Large Cents and Half Cents”, Stack’s, June 1984, Lot 7 – $51,700; Isaac Tatnall Starr, June 12, 1989; R.E. “Ted” Naftzger, Jr., February 23, 1992; Eric Streiner; Jay Parrino, October 7, 1995; Anthony Terranova, October 16, 1994; Daniel W. Holmes; “The Daniel W. Holmes Collection, Part I”, Goldberg Auctioneers, September 2009, Lot 8; Adam Mervis; “The Adam Mervis Large Cent Collection”, Heritage Auctions, January 2014, Lot 2420 – $381.875.
  • About Good: George W. Merritt; Ed Frossard, January 1879, Lot 90 – $45.50; Ferguson Haines; W. Elliott Woodward, October 1880, Lot 189 – $60; H.G. Sampson; Ferguson Haines; S.H. and H. Chapman’s sale of October 1888, Lot 846, withdrawn; Ferguson Haines; Ed Frossard, December 1894, Lot 700 – $120; J. Sanford Saltus, May 16, 1906; American Numismatic Society Collection.
  • PCGS F02: Purportedly discovered in circulation in 1845; John Meader, December 1868; Richard B. Winsor; “The Richard B. Winsor Collection”, S.H. & H. Chapman, December 1895, Lot 823; Sylvester S. Crosby, April 1896; Dr. Thomas Hall, September 7, 1909; Virgil Brand; Brand estate, February 7, 1941; Burdette G. Johnson, September 12, 1941; James Kelly, 1941; “The Charles M. Williams Collection”, Numismatic Gallery, November 1950, Lot 6; Floyd Tallmadge Starr; “Floyd T. Starr Collection of United States Large Cents and Half Cents”, Stack’s, June 1984, Lot 6; R.E. “Ted” Naftzger, Jr., February 23, 1992; Eric Streiner; Jay Parrino, October 7, 1995; Anthony Terranova, October 16, 1995; Daniel W. Holmes; “The Daniel W. Holmes Collection, Part I”, Goldberg Auctioneers, October 2009, Lot 7; Adam Mervis; “The Adam Mervis Large Cent Collection”, Heritage Auctions; January 2014, Lot 2419 – $352,500.

* * *

Coin Specifications

Country:  USA
Year Of Issue:  1793
Denomination:  One Cent
Mint Mark:  None (Philadelphia)
Mintage:  63,353
Alloy:  Copper
Weight:  13.48 g
Diameter:  26.00 to 28.00 mm
Edge:  Lettered: ONE HUNDRED FOR A DOLLAR + leaf (or two leaves)
OBV Designer  Henry Voigt
REV Designer  Henry Voigt
Quality:  Business Strike

 

Additional Resouces

Bowers, Q. David. The Experts Guide to Collecting & Investing in Rare Coins. Whitman Publishing.

–. A Guide Book of United States Type Coins. Whitman Publishing.

Breen, Walter. Walter Breen’s Encyclopedia of U.S. Coins. Doubleday.

-. Encyclopedia of Early United States Cents 1793-1814. Bowers and Merena Galleries.

Early American Coppers: www.eacs.org

Guth, Ron and Jeff Garrett. United States Coinage: A Study by Type. Whitman Publishing.

Noyes, William C. United States Large Cents 1793-1814. William C. Noyes.

Taxay, Don. The U.S. Mint and Coinage. Arco Publishing.

Yeoman, R.S and Jeff Garrett (editor). The Official Red Book: A Guide Book of United States Coins. Whitman Publishing.

 

© Charles Morgan and Hubert Walker. Published by CoinWeek under license.

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Proof Large Cent Featured in Stack’s Bowers August 2022 Showcase Auction

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By Christopher Maisano – Numismatist, Stack’s Bower Galleries …… Offerings of early copper Proofs are always exciting, and the choice 1841 large cent that is featured in the Stack’s Bowers August Global Showcase Auction certainly lives up to the highest expectations. This lovely example displays mingled chestnut, golden-tan and rose toning on both sides. The […]

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Coin Collecting Strategies – Collecting By Die Variety

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By Jeff Garrett for Numismatic Guaranty Corporation…. In coin collecting, there is no right or wrong decision when it comes to deciding which varieties should be collected. In the last several months a client of mine has become quite involved collecting Morgan Silver Dollars. This client is quite studious and has spent considerable time learning […]

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Coin Collecting Strategies – Collecting By Die Variety

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By Jeff Garrett for Numismatic Guaranty Company (NGC) ……   In coin collecting, there is no right or wrong decision when it comes to deciding which varieties should be collected. In the last several months a client of mine has become quite involved collecting Morgan Silver Dollars. This client is quite studious and has spent […]

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From the Dark Corner: An “Authenticated” Amazing Counterfeit 1796 Large Cent

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By Jack D. Young, Early American Coppers (EAC) ……   So, here we are after my “last” installment of this series. In that one, I stated: “that’s it for now – but should we find another TPG-authenticated variety not discussed previously I will add a new Dark Corner article.” And now I would like to […]

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From the Dark Corner: An “Authenticated” Counterfeit 1798 “S-158” Large Cent

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By Jack D. Young, Early American Coppers (EAC) …… This is the last of my intended short Dark Corner articles – a fitting last example, as it is the one that got me started on this research journey a few years ago! My intention for this series was as follows: –Write short informational articles on […]

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It’s a Jungle out There! Later Date Large Cent Counterfeits

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By Jack D. Young, Early American Coppers (EAC) …… As I continue to document the “family” of counterfeits currently available on the market, both as copies and as authentic examples, I realize how difficult this is as the counterfeits continue to evolve. I have family articles on CoinWeek about two different Bust dollars, fake Turban […]

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Struck Counterfeit Coins: Another Family of Struck Fake Large Cents

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By Jack D. Young, Early American Coppers (EAC) …… It has been a while since I wrote my CoinWeek article on the “family” of large cent counterfeits based on the 1833 N-5 variety, but I have since found the time to discuss another of the “family” type that I call the “beaded” border counterfeit based […]

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Q. David Bowers: The Curious 1817 Cent With 15 Stars

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By Q. David Bowers – Co-Founder, Stack’s Bowers ….. I have always liked large copper cents. First minted in 1793, they were made continuously until 1857, with the solitary exception of 1815. Back in the early 1950s I began to build a library of numismatic reference books, and by 1955 I had all the standard […]

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Classic 1793 Wreath Cent Offered in Stack’s Bowers Spring Showcase Auction

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By Christopher Maisano – Numismatist, Stack’s Bower Galleries …… The 1793 Wreath cent can be considered an ultimate type coin as well as an incredibly desirable and scarce item that traces its history to the earliest days of the United States Mint. Stack’s Bowers Galleries are pleased to present a handsome, high-grade circulated example of […]

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Fugio Cents: The First Regular-Issue United States Coin

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By John Dannreuther, Gordon Wrubel, Craig Sholley, Brian Greer, Chuck Link, Tony Terranova, Chris Victor-McCawley, David McCarthy, and Erik Goldstein for PCGS …… Over the last few years, a group of Fugio enthusiasts has held discussions about Fugio Cents and whether the pieces should be considered the first regular-issue United States coins. As will be […]

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An Odd Cache of 1826 Large Cents Hidden in the 1800s

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By Q. David Bowers – Co-Founder, Stack’s Bowers ….. The late Oscar G. Schilke lived on the shore of Dodge Pond in Niantic, Connecticut, in the 1950s and ’60s. Prominent on the numismatic scene for many years beginning in the early 1930s, he would often set up exhibits in banks. These displays served to attract […]

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Finest Known 1796 Liberty Cap Cent in Once-in-a-Lifetime Auction at GreatCollections

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By CoinWeek …..   On December 19, bidding ends on this “Museum Quality” 1796 Liberty Cap Cent in the latest GreatCollections sale. As the finest example known, this Liberty Cap Cent is graded MS66+ RB in a Gold Shield holder by PCGS and approved by CAC as strong for the grade. While there was a […]

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Over $14.7 Million in U.S. Coins, Currency Sold in Stack’s Bowers November Showcase Auction

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Over $14.7 million in U.S. coins, currency, and Americana was sold by Stack’s Bowers Galleries in their official auction for the Whitman Coin & Collectibles Winter Expo. This was the first such event held since the beginning of the COVID-19 Pandemic, with lot viewing offered in-person at the Baltimore Convention Center and the auction itself […]

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Top Rank PCGS Registry Sets of Half Cents and Large Cents at David Lawrence Rare Coins

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Sunday Auction #1200 from David Lawrence Rare Coins (DLRC) is now live and features 585 total lots – including 75 Vault Values and 210 No Reserve Lots. Included in the variety of fantastic PCGS-, NGC-, and CAC-approved items in this week’s sale is a flawless registry-quality 1888 3cN PCGS/CAC MS67+; a nice key date 1893-S […]

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The Walter J. Husak Collection of Large Cents, 1793-1814

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By Joshua McMorrow-Hernandez for PCGS …… Early American Large Cents are one of the most popular and yet most challenging areas of numismatics. These hulking copper “pennies”, struck for commerce at a time when the United States was in its infancy, are well regarded by collectors and have been studied throughout the ages. They are […]

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Arizona Collection of U.S. Large Cents to be Offered at Heritage Auctions

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1794 S-48 Starred Reverse Chapman Discovery Coin among highlights featured during Jan. 5-10 FUN Auction   A discerning eye taking advantage of important opportunities led to the formation of The Arizona Collection of United States Large Cents, a special collection named after the home state of the shrewd collectors who assembled it. The trove features […]

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David Lawrence Acquires ESM Proof Half, Large Cent Collections From Harlan J. Berk, Ltd

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David Lawrence Rare Coins (DLRC) of Virginia Beach, Virginia, has purchased one of the most impressive sets of Proof Half Cents and Large Cents ever put together. In a private transaction, Mike Printz of Harlan J. Berk, Ltd (HJBLTD) and John Brush of DLRC pieced together the transfer of the nearly complete set of Proof […]

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Live or Memorex- a Dark Side Struck Counterfeit 1797 Large Cent

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By Jack D. Young, Early American Coppers (EAC) …… Continuing on the theme of deceptive struck counterfeits, this is likely my most ambitious research article since my CoinWeek piece on the counterfeit 1798 “S-158” large cents, the coin and variety that lead a group of fellow enthusiasts and myself down the path of hunting for […]

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From the Brink to the Dark Side: Early American Copper Struck Counterfeits & Damaged Source Coins

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Struck Counterfeits By Jack D. Young for Early American Coppers (EAC) …… As introduction, a member of Early American Coppers (EAC) posted on the club’s Facebook page “Dark Side”, a fake 1796 “S-85” that he astutely identified from a recent internet listing, and as follow-up to that discussion I was able to post images of […]

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Historic 1794 Starred Reverse Cent Featured in Stack’s Bowers March Las Vegas Auction

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  By James McCartney – Senior Numismatist, Stack’s Bowers …… The Sheldon-48 Starred Reverse 1794 Liberty Cap cent is one of the most popular, eagerly sought, and also enigmatic varieties in the early large cent series. The reason for including 94 stars on the reverse of this variety has been lost to history although, as […]

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The Most Valuable US Pennies: A Baker’s Dozen

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By Bullion Shark LLC …… While each series of United States cent (or penny) has its own key coins based on mintages and the number of surviving coins, the most valuable pennies ever sold is a different group of coins that takes into account other factors like market conditions, demand, and the coin’s role in […]

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Copper and the War of 1812 – The 1814 Plain 4 Large Cents of 1816

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By Joshua McMorrow-Hernandez for PCGS …… Copper and the War of 1812 Coin production at the United States Mint had become erratic in the years leading up to the War of 1812, with no half cents struck since 1811, half dimes off the production roster since 1805, and silver dollars and gold eagles absent since […]

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ESM Collection of Large Cents Realizes Over $4.6 Million at Stack’s Bowers August Rarities Night

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The incredible ESM Collection of United States Large Cents realized over $4.6 million in the Stack’s Bowers Galleries August 2020 Las Vegas Auction. Offered as part of the firm’s Rarities Night session on Thursday, August 6, this was perhaps the most highly anticipated selection from the legendary ESM Collection. Offered was a virtually complete set […]

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The Engraved Pattern “Mature Head” Cent Design Model

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A Window Into the Mind of Christian Gobrecht   By Rexford Goldbaum ….. Editor’s note: This article originally appeared in Penny Wise, the official publication of Early American Coppers. Click here for more information about this vital organization for copper collectors. In the absence of contemporary documentation denoting the details of issuance of early Proof […]

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Historic Collections of US Coins, Exonumia Offered in Stack’s Bowers August 2020 Auction

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Stack’s Bowers Galleries is thrilled to present several important collections of United States coins and Numismatic Americana in their August 2020 Las Vegas Auction. The sale will be held August 5-7 at the Bellagio Hotel and Casino alongside the PCGS Members Only Show, with additional Internet Only sessions to be hosted on the Stack’s Bowers […]

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Historic 1793 Strawberry Leaf Cent Could Bring Over a Half-Million Dollars at Auction

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By James McCartney – Senior Numismatist, Stack’s Bowers ……   Stack’s Bowers Galleries is thrilled to offer the finest known example of the 1793 Strawberry Leaf Cent in their August 2020 Las Vegas Auction​, presented as part of the ESM Collection of United States Large Cents. First purchased for $77.50 in 1877, this early cent […]

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Stack’s Bowers Offering ESM Collection of Large Cents, Ancient Roman Solidi

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ESM Collection of United States Large Cents Stack’s Bowers Galleries is thrilled to present the ESM Collection of United States Large Cents as part of our August 2020 Auction. The collection comprises a virtually complete set of large cents by major variety, spanning all issues from 1793 through the end of the type in 1857. […]

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Finest Known Pedigreed Large Cents of ESM Collection at Stack’s Bowers August Auction

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Stack’s Bowers Galleries is thrilled to present the ESM Collection of United States Large Cents as part of our August 2020 Auction. The collection comprises a virtually complete set of large cents by major variety, spanning all issues from 1793 through the end of the type in 1857. Featured are all of the most iconic […]

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Gem 1809 Classic Head Half Cent: Stack’s Bowers Direct

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By Stack’s Bowers …… Incredible Gem 1809 Classic Head Half Cent The Green-Newman-Pogue Specimen 1809 Classic Head Half Cent. C-6, B-6. Rarity-1. MS-65+ BN (PCGS). CAC. This is a gorgeous example of the Classic Head half cent, featuring a warm halo of mint color emerging from Liberty’s cap and around her head, fading into ideal […]

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Confronting Sheldon

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By David Thomason Alexander for CoinWeek ….. Dr. William Herbert Sheldon, born on November 19, 1898 and dying on September 17, 1977, was venerated for decades as one of the historical giants of American numismatics. During his later life he took the stage as the godfather or even the resident deity of the highly specialized […]

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America’s First “Penny”: The 1793 AMERI. Flowing Hair Cent

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By Joshua McMorrow-Hernandez for PCGS …… After the founding of the United States in 1776, a variety of privately issued coins, medals, and tokens served alongside foreign coinage to provide the new nation with small but decent supplies of money for everyday commerce. But the concept of national sovereignty is cemented not only by charters […]

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Replacing the Large Cent With the Small Cent: A New Era

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By Joshua McMorrow-Hernandez for PCGS …… The United States one-cent coin was, along with the half cent, among the first denominations ever coined by the United States Mint for mass distribution and circulation in 1793. The nation’s early one-cent coins are much larger in diameter than those produced since those of the current size and […]

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CoinWeek Podcast #133: Early US Copper Planchets (with Bill Eckberg)

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  CoinWeek Podcast #133: Early U.S. Copper Planchets (with Bill Eckberg) Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. This week on the CoinWeek Podcast, Early American Coppers (EAC) President Bill Eckberg joins us to talk about how the United States Mint acquired its […]

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Early American Copper Coin Profiles: Finest Certified 1811 Half Cent

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The 1811 Classic Head half cent is a low-mintage key in the popular series and a challenging condition rarity in high grade. Only a handful of high-quality examples have survived over the years, and any auction appearance of a Mint State specimen is a notable event for early copper collectors. PCGS has certified only five […]

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Gem Proof 1868 Judd-611 Pattern Large Cent in Stack’s Bowers June Baltimore Auction

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By James McCartney – Senior Numismatist, Stack’s Bowers …… The Braided Hair large cent was struck for circulation from 1839 through 1857, when it was retired in favor of the smaller Flying Eagle cent. These “late date” large cents are among the most popular United States coins of the 19th century, and collectors often assemble […]

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Unique 1800 S-209 Obverse Brockage Cent Featured in Stack’s Bowers Baltimore Auction

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By James McCartney – Senior Numismatist, Stack’s Bowers …… We are thrilled to present a rare mint error large cent among the many early American copper highlights in our March 2020 Official Auction of the Whitman Coin & Collectibles Spring Expo. This 1800 Sheldon-209 cent depicts an obverse brockage, leaving in an intaglio impression of […]

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Condition Census 1793 Wreath Cent Featured in Stack’s Bowers 2020 Baltimore Auction

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Fresh-to-Market S-11c Variety a Major Wreath Cent Rarity   By James McCartney – Senior Numismatist, Stack’s Bowers …… The large cents struck by the United States Mint in 1793 are some of the most popular and romantic issues in American numismatics. We are delighted to present a truly stunning Flowing Hair, Wreath Reverse example graded […]

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CoinWeek Podcast #125: Denis Loring on Collecting Copper Coins

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 CoinWeek Podcast #125: Denis Loring on Collecting Copper Coins Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. Charles Morgan sits down with renowned Early American Coppers collector Denis Loring to discuss the magic of XF coins, collecting copper by die variety, and some of the hobby’s […]

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Near-Gem 1797 Large Cent Featured in Stack’s Bowers March 2020 Baltimore Auction

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  By James McCartney – Senior Numismatist, Stack’s Bowers …… The large cents struck by the United States Mint in the 18th century were crucial to the fledging economy of young America. They were extensively used in everyday transactions and many were damaged, lost, or worn smooth as a result. Few collectors will ever own […]

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Struck Counterfeit Coins: A Family of Struck Fake Large Cents

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By Jack D. Young, Early American Coppers (EAC) …… After writing the previous “family” article about rather deceptive struck counterfeit half cents based on the genuine 1804 “C-6” variety, I felt it timely to document another member of the family: counterfeit large cents based on the 1833 “N-5”. Just a note, I consider this type […]

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Legend Rare Coin’s Regency Auction 34 – CoinWeek Preview

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By Lianna Spurrier for CoinWeek ….. Legend Rare Coin Auctions’ Regency Auction 34 will be held on September 26 at the Bellagio in Las Vegas, Nevada. This auction will contain a wide array of US coins, including THE TYPE SET, assembled by Oliver Jung; The Hanover Collection of Lincoln cent varieties; and the Meridian Collection […]

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CoinWeek IQ: A Breakdown of Flowing Hair Large Cents

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By Lianna Spurrier for CoinWeek ….. The Flowing Hair cent of 1793, along with the half cent, were the first coins mass-produced by the United States Government on its own property. As such they are widely studied and collected, which has resulted in a wealth of knowledge about minor die varieties for the early issues. […]

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Rare Proof 1837 N-10 1837 Cent Featured in Stack’s Bowers August 2019 ANA Auction

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By James McCartney – Senior Numismatist, Stack’s Bowers ……   Among the most coveted early American coppers are the Proof large cents struck in the mid-19th century. With production figures shrouded in mystery, Proof large cents have been the subject of intense scholarly debate and serve as crown jewels in the most advanced cabinets. Our […]

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Which toned silver coins bring the highest prices?

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Which toned silver coins tend to bring the highest prices?
Since eye appeal is the main factor, there is no “one size fits all” formula for valuing toned coins. In general a coin exhibiting naturally occurring waves of neon hues on the obverse tend to be the most popular. I can’t be more specific than that

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Early US Coins: Only $361.03 Worth of Chain Cents Were Ever Produced

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By Blanchard & Company …… It’s big, beautiful and very rare. It’s also controversial and was only minted for one year, which increases the rarity value of any survivors today. The 1793 Chain Cent is one of the first coins American collectors began acquiring in the 1800s. Today, the 1793 Chain cent remains a highly […]

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1792: A Hub Story: How the First U.S. Mint Coinage Dies Were Made

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At the 2018 Early American Coppers Convention in Traverse City, Michigan, EAC President William Eckberg gave an in-depth presentation on his ongoing research into the production techniques employed by the U.S. Mint to create dies in its first few years of operation. Numismatists have puzzled for more than a century about who designed the United States Mint’s first pattern […]

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ANS Acquires Del Bland Archive of United States Large Cent Research

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The American Numismatic Society (ANS) is pleased to announce the acquisition of the vast archive of research data assembled by United States large cent expert Del Bland, who died in late 2018. Nearly 50 years ago, Bland began scouring auction catalogs, meticulously compiling information on the condition, sale prices, and ownership of large cents. By […]

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CoinWeek: Silly Heads of 1839 – Discovering a New Variety

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 At the 2018 Early American Coppers Convention in Traverse City, Michigan, numismatist Mark Klein, an EAC member and student of 1839-dated large cents, gave an in-depth presentation on his discovery of a new Silly Head variety. In this enhanced presentation, you can follow along with Mark’s journey of discovery of a new 1839 cent variety as […]

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Struck Counterfeit Coin of the Week: 1799 “S-189” Large Cent + 1-Page Attribution Guide

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By Jack D. Young, Early American Coppers (EAC) …… This article is intended as a continuing summary of the deceptive struck counterfeits documented to date; it is unique in that only one struck example has been reported, and it is one of the “Kings” of early large cent collecting. The probable source coin is well […]

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Struck Counterfeit Coin of the Week: 1797 “S-136” Large Cent + 1-Page Attribution Guide

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By Jack D. Young, Early American Coppers (EAC) …… This latest installment in the continuing summary of the deceptive struck counterfeits documented to date concerns the 1797 “S-136” Large Cent. As with previous articles in this series I have included a one-page attribution guide to aid in the identification of any that are still out […]

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Heritage Long Beach US Coins Auction Exceeds $9.1 Million Sold

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Eighteenth-century copper coinage was the featured attraction as the September 7-10 Long Beach Signature Auction raised close to $9.2 million USD for its consignors. This auction took place in conjunction with the Long Beach Coin & Collectibles Expo. All prices include Buyer’s Premium. The top lot in the auction was a 1795 Reeded Edge Cent, […]

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Struck Counterfeit Coin of the Week: 1795 “S-76b” Large Cent

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By Jack D. Young, Early American Coppers (EAC) …… This installment starts with a 2012 internet-listed example deemed a counterfeit and removed from that venue; it was further discussed in the Coin Community Forum and labeled a “Chinese” 1795 large cent. Since I was already full in chasing these latest struck fakes, I decided to […]

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Struck Counterfeit Coin of the Week: 1796 “S-85” Large Cent + 1-Page Attribution Guide

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By Jack D. Young, Early American Coppers (EAC) ……   This article is intended as a continuing summary of the deceptive struck counterfeits documented to date, including the damaged “source” coin, the example most likely repaired and used to create the dies to strike the other copies; this source was unknown when we became aware […]

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Struck Counterfeit Coin of the Week: 1796 “S-85” Large Cent + 1-Page Attribution Guide

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By Jack D. Young, Early American Coppers (EAC) …… This article is intended as a continuing summary of the deceptive struck counterfeits documented to date, including the damaged “source” coin, the example most likely repaired and used to create the dies to strike the other copies; this source was unknown when we became aware of […]

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Kolbe & Fanning Sale 146 – Important Numismatic Literature: Lots You Need to Know

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Numismatic booksellers Kolbe & Fanning will conduct their 146th Sale of Important Numismatic Literature on Saturday, July 15, 2017 at 12:00 Noon, Eastern Time. The sale will consist of 400 rare and antiquarian numismatic books, including many highly collectible editions, manuscripts, and plated catalogs covering a wide range of numismatics, from ancients to world coins […]

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Coin Grading Is in the Eye of the Beholder of the Holder, or…

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By Harvey Stack – Founder, Stack’s Bowers ……   I recently read the great piece by Josh Mcmorrow-Hernandez on CoinWeek about what a coin’s grade says about you as a collector. He is so right, and one of the answers he gave is one that should be emphasized and amplified again and again. I have […]

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Classic US Coins – Rare Early Cents Offered in Padula Family Collection

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Elusive 1793 S-15 cent and famous Reeded Edge cent offered during Heritage Auctions’ September Long Beach Expo Early American copper collectors are urged to consign to Heritage Auctions’ September 6-11 Long Beach Expo Auction, which will feature an important, lifetime large cent collection offering one of the few complete Sheldon-numbered variety sets ever formed. The […]

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US Coins – Finest Known 1803 Cohen-2 Half Cent Featured in Stack’s Bowers June 2017 Baltimore Auction

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By James McCartney, Numismatist & Cataloger – Stack’s Bowers ….. Early American copper collectors pursue numismatics with great enthusiasm, resulting in long-established condition censuses for most issues. Usually, the finest half dozen examples of a given variety comprise a recognized hierarchy with provenances stretching back a century or more. Rarely, if ever, is this order […]

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From the Brink to the Dark Side: Early American Copper Struck Counterfeits & Damaged Source Coins

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By Jack D. Young for Early American Coppers (EAC) …… As introduction, a member of Early American Coppers (EAC) posted on the club’s Facebook page “Dark Side”, a fake 1796 “S-85” that he astutely identified from a recent internet listing, and as follow-up to that discussion I was able to post images of the discovered […]

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CoinWeek IQ: Let’s Collect: Early Coppers – 4K Video

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The coin collecting hobby in the United States grew tremendously in the mid 19th century when collectors saved Early American Copper Coins from destruction after the Large Cent and Half Cent was rendered obsolete by the emergence of the Small Cent. More than 150 years later, collecting these beautiful copper coins remains a vital part […]

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The Marvelous Pogue Family Coin Collection, Part 21: Copper Type Coins in 5th Sale

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Coin Rarities & Related Topics: News and Analysis regarding scarce coins, markets, and coin collecting #374 A Weekly CoinWeek Column by Greg Reynolds ….. For new collectors or seasoned collectors seeking new projects, there will be opportunities in the Pogue V sale on March 31, in Baltimore. An explanation of the venue and an overview of […]

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The Marvelous Pogue Family Coin Collection, Part 21: Copper Type Coins in 5th Sale

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Coin Rarities & Related Topics: News and Analysis regarding scarce coins, markets, and coin collecting #374 A Weekly CoinWeek Column by Greg Reynolds …..   For new collectors or seasoned collectors seeking new projects, there will be opportunities in the Pogue V sale on March 31, in Baltimore. An explanation of the venue and an overview […]

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US Coins – Pogue Sale Part V: The Landmark Hines 1799 Cent

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By Q. David Bowers – Stack’s Bowers ….   Fact: The most popular American series to collect by die varieties is copper cents from 1793 to 1857. Fact: The most famous single coin in large cent lore and tradition is the Henry Hines 1799 cent, the only known Mint State example. Crossing the auction block […]

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Heritage Auctions: Rare and Important Early Cents Offered in Padula Family Collection

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Elusive 1793 S-15 cent and famous Reeded Edge cent on display at February Long Beach Expo Early American copper collectors are urged to consign to Heritage Auctions’ September 6-11 Long Beach Expo Auction, which will feature an important, lifetime large cent collection offering one of the few, complete Sheldon-numbered variety sets ever formed. The Padula […]

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Coin Auctions: Stack’s Bowers Announces Pogue V Date

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Stack’s Bowers Galleries is pleased to announce Part V of their series of auctions featuring the D. Brent Pogue Collection–the most valuable rare coin collection ever to cross the auction block, and the collection with the highest overall quality. Gathered over a period of many years, dating back to the 1970s, many if not most […]

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Stack’s Bowers: Condition Census 1798 S-166 Draped Bust Cent to Be Featured in Baltimore Rarities Night Auction

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By James McCartney, Numismatist & Cataloger – Stack’s Bowers ….. The Draped Bust cents of 1798 represent one of the most dynamic issues of early American copper coinage, with significant modifications to both the obverse and reverse design types throughout the year. With 46 distinct die pairings, the challenge this issue presents to collectors is […]

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Classic U.S. Coins for Less Than $500 Each, Pt. 21: Matron Head Large Cents

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Coin Rarities & Related Topics: News and Analysis regarding scarce coins, coin markets, and the coin collecting community #343 A Weekly CoinWeek Column by Greg Reynolds …… For less than $500 per coin, an extensive and impressive collection of early U.S. copper coins could be assembled ‘by date.’ Although Matron Head large cents could be […]

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CoinWeek IQ: Proper Preservation Techniques for Copper Coins – 4K Video

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CoinWeek IQ: Analysis and Insights from the editors of CoinWeek.com. Copper is one of the most reactive metals used to make coins. Because of this, copper coins require constant care to maintain their original beautiful appearance. In this insightful CoinWeek video, Early American Coppers president Bill Eckberg demonstrates the proper preservation techniques for copper coins and describes […]

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Auction Analysis, Bust dimes, Bust Half Dollars, coin auction prices, Coin Auctions, Coin Markets, Greg Reynolds, half cents, large cents, Pogue Collection, Stacks Bowers, three dollar gold, US Coins

The Marvelous Pogue Family Coin Collection, part 14: Successful Third Auction Given Uncertain Market Conditions

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News and Analysis regarding scarce coins, coin markets, and the coin collecting community #318 A Weekly CoinWeek Column by Greg Reynolds…….. The third in a series of auctions of the Pogue Family Coin Collection was conducted by Stacks-Bowers on February 9, at Sotheby’s world headquarters in Manhattan. There were 158 coins in this sale. This […]

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Classic Head Large Cents, copper coins, EAC, Early American Coppers, Greg Reynolds, large cents, Recent Articles & Video, US Coins

Classic U.S. Coins for less than $500 each – Part 18 – Classic Head Large Cents

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News and Analysis regarding scarce coins, coin markets, and the coin collecting community #308 – A Weekly CoinWeek Column by Greg Reynolds …… As next week’s piece will concern classic U.S. coins that cost less than $100 each and expensive rarities do not tend to emerge ‘in the news’ during the month of December, it […]

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1807/6, Auctions, Cardinal Collection, Chris McCawley, Coin Auctions, copper coins, draped bust cent, EAC, Early American Coppers, large cents, Martin Logies, overdate, Recent Articles & Video, red, Stacks, Stacks Bowers, US Coins

US Coin Profiles – 1807/6 Draped Bust Cent

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Monumental Gem Red 1807/6 Large Cent -Far and Away the Finest Known 1807/6 Draped Bust Cent. S-273. Rarity-1. Large 7, Pointed 1. MS-66 RD (PCGS). OGH. CAC. This incredible red Gem delivers an unrivaled and captivating aesthetic, matched by an equally impressive provenance that traces it through some of the most significant hands in U.S. […]

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