Mint records indicate 904,585 cents were
produced in 1799, but scholars are fairly certain the vast majority of
these were dated 1798. Our best guess is that only about 35,000 cents
dated 1799 were struck, with no more than 1000 surviving today.
The true scarcity of the 1799 became evident as early as 1816, when
17-year old Joseph Mickley, (who went on to become one of the most
famous of the early US numismatists) seeking a cent from his birth
year, could not find an example in what became a highly publicized
search.
The number of survivors include a 9/8 overdate
and the regular date. Both are held in equally high esteem by
collectors.
Unfortunately, there are a large number of fake 1799 Large Cents
around, many of which are alterations of the much more common 1798.
Purchasing examples of the 1799 cent that have been certified by a
reputable grading service (e.g. PCGS, NGC) is a good safeguard against
becoming a victim.
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