Key, Rare Date Coins (Large Cents Edition)

Key, Rare Date Coins (Large Cents Edition)

Key, Rare date coins (Large Cents)

July 22 2023 by Ivan Aaron — Laguna Beach, CA

Key, Rare Date Coins (Large Cents Edition)
1793 Large Chain Cent AMERICA

We previously discussed key rare date coins and the importance of these coins. More specifically, we discussed half cents and what dates of half cents are more rare. This time we will circle back on key date coins, but focus on large cents.

To recap, key date coins are coins that have unique attributes, or rich histories. They can be coins of low mintage, or coins with a special mintmark of that date.

What are some examples of Key, Rare Date Large Cent coins?

Large cents were cents that, before the time of the “penny”, were used as a cent. A cent being 1/100th of a US Dollar. These coins were usually mostly of copper content. The first large cent was struck in 1793. Thus, the 1793 is a great example of a rare date large cent coin. More examples include:

  • 1793 Chain AMERI.
    • The 1793 Chain AMERI has “AMERI” written on the coin’s reverse. This coin is famous for both its rarity and historical significance.
    • This variety is different, and not to be confused with the other variety, the 1793 Chain AMERICA. The 1793 AMERICA coin has “AMERICA” in full text written on the coin’s reverse. Nevertheless, the “AMERI” variety is significantly more rare.
    • It is rare and even unlikely that they are in an excellent, uncirculated condition.
    • In my opinion, the coins of the years 1793-1795 are the most fascinating, because of the neat details.
    • Highly sought after as collectibles

What are Current Market Values of these coins? You may ask

Market Value of the 1793 Chain AMERI.: Ranges from $3,450 (lowest grade) to $2,500,000 or $2.5 million in its highest grade. 

  • 1793 Chain AMERICA
    • Like I said before, the 1793 Chain variety with “AMERICA” written on the back of the coin was produced in higher quantities than its AMERI counterpart.
    • Nevertheless, this variety is still also rare, and it is also rare for these coins to be in an excellent condition. Why? Well, they many reasons: Age, Circulation, and no real preservation.
    • Also very sought after amongst coin collectors
    • Represents a crucial chapter in American history

Market Value of the 1793 Chain AMERICA: Ranges from $3,500 (lowest grade) to $2,200,000 or $2.2 million in its highest grade. 

Our founding fathers touched these coins …

Key, Rare Date Coins (Large Cents Edition)
Coin Collector Numismatists

That is why the one on our website is with “poor details”. Also, They were circulated heavily — they were the “pennies” of the late 1700s and early 1800s.

  • 1793 Chain Periods (an amazing chain design on the coin’s reverse…) 
    • On January 4, 2012, the 1793 Flowing Hair Chain Periods, graded Mint State 65 brown, sold for a record-breaking $1,380,000 (CoinWorld). 

Certainly important to note is the fact that the 1793 Chain series is still “under considerable demand” (PCGS). The reason for this is that the chain series were the first large cents produced, and they also had a unique design.

Cool Fact: The Large Cents were almost as big as the American half dollar!

  • 1794 Starred Rev
  • 1795 Reeded Edge
  • 1795 Jefferson Hd, PE
  • 1799
  • 1799/8 (another rare coin, even more rare better grades.) 

Nevertheless, these coins are coins with very rich histories. Some of the first currency in America. It is an amazing feat that we still get to experience these today.

 

@tangible_investments

Discover a world of Unique Rare coins, Fine Art, Jewelry, & more. Visit us today! #investments #jewelry #fineart #rarecoins #lagunabeach #california

♬ Rich life, happy life, jazz(1260733) – 2strings
Rod Freman of Tangible Investments discusses a quick history of Tangible Investments in Laguna Beach, CA.

Leave a reply