The Large Cent appeared in 1793, at nearly the same time as the Half Cent Together, these coppers were the first coins released by the U.S. into general circulation.
The initial type, Flowing Hair Chain Cent reverse (the first coin pictured below), was not well received by the public, as typified by the comments of a Boston newspaper in March, 1793: The American cents.... do not answer our expectations. The chain on the reverse is but a bad omen for Liberty, and Liberty herself appears to be in a fright. Complaints such as the above led to the replacement of the "bondage" chain with a wreath within a matter of weeks. Critics continued to whine about the maniacal Liberty, however, so later in 1793, she was replaced by a calmer Liberty. This time, she was also seen with a Liberty cap, similar to the Half Cent design, to celebrate the newfound freedom of the United States.
Large cents were just that -- large. A dollar's worth of the Large Cents of 1793-1794 weighed almost three pounds! In 1795, the weight was reduced somewhat to adjust to the price of copper, but nonetheless remained big and clunky.
The Act of February 21, 1857 specified a new type of smaller one cent coin, which marked the end of both the Large Cent and Half Cent. The public was encouraged to trade in their Large Cent coins for the smaller Flying Eagle cent. After 64 years of service to the U.S., the oversized copper coins were at last retired.
In all, there are seven design types of Large Cents: Flowing Hair Chain Reverse (shown above, 1793 only), Flowing Hair Wreath Reverse (1793 only), Liberty Cap (1793-1796), Draped Bust (1796-1807), Classic Head (1808-1814), Liberty Head (1816-1839), and Liberty Head Braided Hair (1839-1857).
Large Cents were minted every year from 1793 to 1857, with the exception of 1815, when the War of 1812 interrupted the planchet supply from England. Most Large Cents were produced in significant quantities, giving collectors of today a good supply to select from. There are a few key dates that are rare and fought for by numismatists. If past trends mean anything, and they usually do, these are the Large Cents most likely to increase in value in the years ahead:
Key date Large Cents are offered for sale below. The left hand side of each "Sales Box" is value trend data over a very long period of time for a coin of that date in Good-4 condition. The percent annual increase is computed for comparative purposes. The coin pictured for sale in the right hand side is not necessarily the same condition coin or same variety as that represented in the value trend analysis on left hand side.
1793 Large Cent Condition: G-4 | | | 1799 Large Cent Condition: G-4 | | Value Trends
1950: $60.00 1980: $600 1995: $2250 2003: $2500 2009: $10000
| Value Trends
1950: $65.00 1980: $475 1995: $1500 2003: $2000 2009: $3500
| % Annual Increase Since 1950 =
9.06% | % Annual Increase Since 1950 =
6.99% |
1804 Large Cent Condition: G-4 | | | Value Trends
1950: $50.00 1980: $275 1995: $600 2003: $825 2009: $1500
| % Annual Increase Since 1950 =
5.93% | Back to Top |