1812 1C Large Date, Classic Head Cent
The 1812 Classic Head Large Cent with a "Large Date" variety is an intriguing collectible for numismatists and coin enthusiasts alike. It is part of the Classic Head series of Large Cents struck between 1808 and 1814. These coins are known for their distinct design by John Reich, which features a more mature and detailed depiction of Liberty compared to earlier designs. This specific variety distinguishes itself with a noticeably larger date compared to other 1812 cents, making it especially interesting to collectors who seek varieties.
Mint and Mintage Details
The 1812 Large Date Classic Head cent was struck at the Philadelphia Mint, the only mint operating in the US at the time, with a documented mintage of approximately 1,075,500 coins for the year, encompassing both Large Date and Small Date varieties. However, the exact breakdown between the two isn't specified. According to PCGS CoinFacts, the PCGS number for this coin is 1564. This number is utilized by collectors and dealers to accurately refer to the specific coin type and variety.
Rarity
The 1812 Large Date is not as rare as some other early American coins, but it poses a challenge in higher grades. The survival rate in mid to high grades is relatively low, as most coins circulated heavily. The large copper surfaces are prone to wear, corrosion, and other environmental effects, making it hard to find examples with original surfaces. Brown (BN) examples are particularly typical, with Red-Brown (RB) or Red (RD) examples being exceedingly rare.
Historical Context
In 1812, America was on the brink of the War of 1812, and resources were stretched thin. The economic conditions affected mint operations. The Classic Head design was the result of ongoing improvements in minting technology and artistry during this period. Coinage from this era often suffers from uneven strikes and planchet flaws due to the technology and materials available at the time.
Market Value and Sales
Market value for the 1812 1C Large Date BN varies significantly based on condition. Well-circulated examples can fetch a few hundred dollars, while those in higher grades, such as XF (Extremely Fine) or AU (About Uncirculated), can command prices well into the thousands. For instance, auction records indicate a recently sold example of an 1812 Large Date cent in XF45 condition sold for approximately $5,000. Prices can soar for coins that are exceptional for their grade or possess notable provenance.
Numismatic Interest
Numismatists cherish the 1812 Classic Head Large Date for several reasons:
1. Design and Craftsmanship : The Classic Head series reflects a significant period in US minting history, showcasing a level of artistry that mirrors the burgeoning identity of the nation.
2. Historical Significance : Minted during a tumultuous time in American history, each coin offers a tangible connection to the past, including the socioeconomic factors surrounding its production.
3. Variety and Complexity : The Large Date variety offers an additional layer of interest for variety collectors, presenting a challenge to assemble a comprehensive set of Classic Head Large Cents. Collectors and enthusiasts value not just the coin's metal but also its story and the window it provides into the early 19th-century United States. When acquiring an 1812 Large Date cent, potential buyers should carefully consider the coin's condition, provenance, and any grading opinions provided by respectable entities like PCGS or NGC to ensure authentication and appropriate pricing.
