1803 1C Small Date, Sm Frac, RB
The 1803 1C Small Date, Small Fraction, Red Brown (RB) Regular Strike is a notable coin in the early history of U.S. numismatics. Collectors and experts often seek it out due to its rarity and historical significance as part of the Draped Bust cent series, struck at the Philadelphia Mint.
Description and Rarity
The 1803 cent is distinguished by its "small date" and "small fraction" features, which are of particular interest to collectors. The obverse of the coin, commonly recognized as the Draped Bust design, was originally introduced in 1796 and features a portrait of Liberty facing right, with her hair elegantly tied with a ribbon. The reverse displays an ornate wreath encircling the denomination "1/100," with the fraction size being smaller than the typical design for that time, adding a level of uniqueness.
Numismatic History
The Draped Bust style, designed by Robert Scot, is a tribute to classic design, capturing the early American spirit. Coins from the early 1800s, like the 1803 Small Date, Small Fraction, offer insight into the fledgling stages of the U.S. Mint, reflecting the burgeoning nation’s steps towards establishing a stable currency system.
Mint and Mintage
Mint : Philadelphia
Mintage : Approximately 3,131,691 The mintage numbers for the 1803 cents appear generous; however, due to the coin’s age, many pieces have either been lost or show significant wear, making high-quality examples particularly scarce.
PCGS Information According to PCGS CoinFacts, this coin possesses the reference number PCGS #1483 . PCGS (Professional Coin Grading Service), one of the leading third-party coin grading services, maintains a population report that showcases the limited number of these coins that have been graded.
Value and Sales Records
The value of the 1803 1C Small Date, Small Fraction, RB can significantly vary based on its condition, with well-preserved specimens commanding a premium price. Historical sales data shows that high-grade coins have fetched impressive sums at auctions, with some examples reaching several thousand dollars. As demand remains high among collectors who prize early American copper coins, the value continues to be robust.
Historical Sales Examples
Recent auction records without naming exact platforms indicate sales ranging from $1,500 to over $7,000 depending on the specific grade and eye appeal of the coin. Each coin's provenance, condition, and rarity play essential roles in determining its final auction price.
Collector Appeal
This particular coin is a staple in the collections of early American coin enthusiasts due to its historical significance and classic design. The combination of reduced mintage availability in higher grades amidst continued interest solidifies the 1803 Small Date, Small Fraction cent's place in numismatic collections. Collectors value it not only for its aesthetic appeal but also as a piece of Americana reflecting the early 19th century's economic landscape. In conclusion, the 1803 1C Small Date, Small Fraction, RB stands as an exemplar of early American coinage. Its distinct small fraction and date size continue to pique collector interest, and it carries the weight of historical importance, enshrining this early cent as a coveted piece within numismatic circles.
