How rare are Large Cents
Georgems65
Posts: 476
Like I have said in another post, i came across a large bunch of large cents to buy. When I viewed the collection there were over 800 large cents. How rare could these be. Here is one collection with 800+ alone. Me personally think that large cents are some what of a rare series. Just wondering everyones thoughts.
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There are plenty of examples left for us collectors, but they are very popular.
I recently found a group of about 100 pieces, early 1795-1816 or so, grading from ag-ef. Most of the ones Ive seen were very decent looking with lots of character. I havent finished the deal, but when they get here I will have plenty of pics.
Also looking for VF-EF Seated halves.
Sell me your old auction catalogs...
i don't collect them per se, so i don't know what the tough dates may be worthwhile even in low grade.
i don't think too many copper coins were remelted etc.
do you have any photos of a typical coin ?
- Jim
and without problem coins (a little more or less than $1,000 bucks).
i began collecting half and large cents a few months ago, and while you can find them
fairly easily.... it is a bigger chore finding nice, attractive , and problem free ones.
right now building a 1810 to 1820 collection of half and large cents. many dealers
tellin me its getting tougher to find coppers in the teens .. i tend to agree.
good luck..
Wil
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Look for decent-looking large cents; buying hundreds of junky coins isn't a good idea---they would be hard to sell.
FYI, half cents are much scarcer than large cents. If you are thinking about collecting early coppers, keep this in mind.
The name is LEE!
<< <i>Like I have said in another post, i came across a large bunch of large cents to buy. When I viewed the collection there were over 800 large cents. How rare could these be. Here is one collection with 800+ alone. Me personally think that large cents are some what of a rare series. Just wondering everyones thoughts. >>
They are not rare in the slightest. Finding eye-appealing, problem-free, original ones is not easy, however.
There have been some interesting studies and assumptions made ( by various EACers) regarding large cent survival.... usually hotly debated. The survival estimates in the studies I am familiar with estimate survivorship from anywhere north of less than a million to 5 million. This out of a total mintage from 157 plus million coins minted in the years from 1793 to 1857. A large cent survivorship study was presented at the EAC 2005 convention. Using rarity scale assigned to the Large cent varieties, applying interpolated values for rarity pluses and minus' and comparing the tabulated totals to the recorded mintages for al the known Sheldon and Newcomb varieties, the author estimated the surviving number of cents at 1.391 million or .89% or the total mintage. The early dates had the lowest surviving number ( 263K), but the highest surviving percentage (1.17%), the middle dates the lowest surviving percentage (.53%) and the mid range surviving number (336K); and the late dates the highest surviving number (791K) and the mid-range surviving percentage (1.15%). Interestingly the early dates represented a higher surviving percentage presumably due to the interest in those varieties in the 19th century and their ensuring preservation. The years 1793 and 1794 reflected the highest survivorship rankings of any of the dates from 1793-1857. There's holes in this study (like any with assumptions) as the number of large cents extant is not known nor attributed. None-the-less one person's interesting approach to estimating large vent survivorship.
Mintage of 2003-P Lincoln pennies: 3.3 billion. And that was just at one mint, in a "light" year for penny production.
<< <i>A hoard of 800 large cents is certainly rare.... or at least rarely reported. Surviving choice or above average large cents are certainly rare or rarely available - many called choice are not that choice. Certain varieties are rare, at least the number of known examples are rare. Surviving large cents are only rare in relation to their total mintage.
There have been some interesting studies and assumptions made ( by various EACers) regarding large cent survival.... usually hotly debated. The survival estimates in the studies I am familiar with estimate survivorship from anywhere north of less than a million to 5 million. This out of a total mintage from 157 plus million coins minted in the years from 1793 to 1857. A large cent survivorship study was presented at the EAC 2005 convention. Using rarity scale assigned to the Large cent varieties, applying interpolated values for rarity pluses and minus' and comparing the tabulated totals to the recorded mintages for al the known Sheldon and Newcomb varieties, the author estimated the surviving number of cents at 1.391 million or .89% or the total mintage. The early dates had the lowest surviving number ( 263K), but the highest surviving percentage (1.17%), the middle dates the lowest surviving percentage (.53%) and the mid range surviving number (336K); and the late dates the highest surviving number (791K) and the mid-range surviving percentage (1.15%). Interestingly the early dates represented a higher surviving percentage presumably due to the interest in those varieties in the 19th century and their ensuring preservation. The years 1793 and 1794 reflected the highest survivorship rankings of any of the dates from 1793-1857. There's holes in this study (like any with assumptions) as the number of large cents extant is not known nor attributed. None-the-less one person's interesting approach to estimating large vent survivorship. >>
Where did they all go?
How about the average condition or standouts?
800 is quite a hoard.
Did you or are you going to buy them?
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
The late dates are not rare except in mint state.
Many varieties of the early dates are legitimately rare. I have personally seen about:
100 +/- chain cents, with only 20 or so better than VF, including several mint state pieces
about 300 wreaths, all grades, including gem mint state
20 or so 1793 liberty caps. Of these, 4 were VF, one XF.
Countless classic heads (08-14), the vast majority of which don't have choice surfaces.