1801 1C 100/000, BN
The 1801 Draped Bust Large Cent is a fascinating piece of numismatic history in the United States. As part of the Draped Bust series, this coin marks a period when the U.S. Mint was finding its footing in producing coinage for a young nation. The 1801 Large Cent is known for its design by Robert Scot, featuring Liberty on the obverse with flowing hair tied with a ribbon and the reverse showing a wreath surrounding the denomination, along with the "One Cent" legend.
Mint and Mintage Details : The 1801 Draped Bust Large Cent was minted in Philadelphia, as were all U.S. coins at the time due to the lack of branch mints. The mintage for this year was approximately 1,362,837 coins, making it a relatively common year for type collectors seeking representatives from the early 19th century.
Design and Metal Composition
Obverse : The obverse bears the iconic Draped Bust design with the date "1801" inscribed. The Liberty head has a classic yet refined appearance, transitioning from the earlier Chain and Wreath cents
Reverse : The reverse features a wreath surrounding the denominations. This design reflected the escalating sophistication of American coin artistry during this period.
PCGS Details
PCGS Number :1467, as classified under the Draped Bust Large Cent series.
Value and Sales Data : The value of the 1801 Draped Bust Large Cent can vary significantly depending on condition, often ranging from about $100 in Good condition to several thousand dollars for coins in higher states of preservation. -
Recent Sales Figures : High-quality specimens have fetched impressive prices at auction. For instance, one notable example in superb condition realized over $30,000. Such values illustrate the coin's desirability among numismatists and investors alike.
Rarity and Collectability: From a numismatist's perspective, the 1801 Large Cent is considered reasonably accessible, yet it remains a key date for specialists focusing on early American coinage. Its collectibility is driven by its historical significance and the allure of early American minting. **Historical Context and Numismatic Significance** Historians appreciate the Draped Bust Large Cent series for its position in U.S. coinage history, symbolizing the nation's pioneering minting efforts. Each coin from this era provides insight into early American economic practices and aesthetic values.
Condition and Grading Factors : Collectors seeking this date should be attentive to common issues such as corrosion, planchet flaws, and wear, which are prevalent in early cent specimens. Higher-grade coins with minimal issues are far more desirable and command a premium.
Investing in the 1801 Draped Bust Large Cent : For potential investors, understanding market trends is crucial. The 1801 Large Cent has demonstrated stable demand, indicating its enduring appeal. Observing auction results and seeking certified coins ensure prudent acquisition strategies. For further insights and visual identification of finer die varieties, collectors often consult resources like coin dealers' inventories and dedicated numismatic literature. Assessing these aspects helps enthusiasts appreciate the nuances and richness inherent in early American numismatics.
