The 1804 Private restrike Large Cent, a newp with a neat history :)
I'm sure a lot of you on this forum know the story behind this coin but for those of you who don't... Here's a little homework for you
"_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. Surely, the 1804 Draped Bust Cent was comparatively expensive by mid-19th-century standards, pushing at least one enterprising individual to privately restrike examples of this rarity – presumably without the authorization of the United States Mint.
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die and 1820 Large Cent reverse die, the latter originating during the Coronet Head Cent (1816-1839) series that superseded both the Draped Bust and the Classic Head Cent series (1808-1814). 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. If the name rings a bell, it’s because Mickley is tied to an iconic piece of numismatic history. He was the second collector to ever buy an 1804 Draped Bust Dollar, accomplishing the feat in a trade with bank teller Henry C. Young around 1858 – some 15 years after Matthew Stickney became the first private collector to 1804 Draped Bust Dollar to claim the coin.
Other venerable numismatists whose names are linked (in hypotheses, anyway) to the 1804 Restrike Cent are coin dealer Edward W. Cogan, and collectors Dr. Montroville W. Dickeson and Captain John W. Haseltine – both of whom were known to have made facsimiles of other coins. Over the years, some numismatic scholars have also suggested the 1804 Restrikes were clandestinely struck at the United States Mint by unscrupulous players – a common situation under the tutelage of United States Mint Director Henry R. Linderman, who held that post from 1867 through 1869 and again from 1873 through 1878.
The mystique behind the dark origins of the 1804 Restrike only helps add to the allure this piece holds for collectors, who now find this pseudo-fantasy coin to be nearly as scarce as the genuine article it emulates. Several varieties exist, including copper pieces and specimens struck on a white metal, with the latter tin pieces proving extraordinarily rare. These restrikes share common major die cracks concentrated in the lower left-hand side of the obverse, with one prominent break running a jagged arc from the rim at approximately the 9 o’clock position down to the rim at the 6 o’clock spot. Other minor die breaks as well as heavy die pitting are evident across the obverse and reverse of the coin._"
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