The 1804 Private Restrike Cents
PCGS_SocialMedia
Posts: 327 ✭✭✭✭✭
Today, the 1804 Draped Bust Cent retains its status as a rare and expensive coin, with specimens even in G4 condition trading hands for around $2,350 and XF40 examples claiming $22,500, according to PCGS CoinFacts. The record price for an 1804 Draped Bust Cent is $661,250, which was hammered upon a PCGS MS63BN specimen that crossed the block at a 2009 Goldbergs auction.
It’s reported the U.S. Mint discarded a load of scrap metal around 1833 that included an 1803 Large Cent obverse die and 1820 Large Cent reverse die. These two dies were muled to create a private restrike issue bearing an 1804 date, an alteration made on the last digit of the date on the 1803 obverse die.
Who masterminded the 1804 Large Cent restrikes and where they were made remains unknown. However, many numismatists believe they were struck around 1860 and may have been the creation of collector Joseph J. Mickley.
Full article: https://www.pcgs.com/news/1804-private-restrike-cents
Want our top articles delivered to your e-mail inbox bi-weekly? Join our e-newsletter here: https://www.pcgs.com/newsletter