- Obsolete Coins
The United States large cent
was a coin with a face value of 1/100 of a United States dollar. Its diameter varied between 27mm and 29mm. The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the modern-size one-cent coin (commonly called the "penny").
Henry Voight's design was almost universally criticized in its time for its unattractiveness and perceived allusion to slavery. It bears the distinction, however, of being the first official coinage minted by the federal government on its own equipment and premises. 36,103 were minted. Its low survival rate on top of a small mintage, coupled with being the first regular federal issue and a one-year design and type, has created an extremely strong demand from generations of numismatists. As a result, all surviving specimens command high prices ranging from $2,000-$3,000 in the absolute lowest state of preservation to over $500,000 in the highest.
The Mint caved to the intense ridicule later in 1793, and Mint Director David Rittenhouse ordered Adam Eckfeldt to revise the obverse and reverse designs. Liberty's bust was redesigned with even longer, wilder hair, and the chain was removed from the reverse in favor of a wreath. Scholars are undecided as to what plant or plants are depicted in the wreath, with several varieties extant. Total mintage of the wreath reverse numbered about 63,000 pieces.
Rittenhouse was dissatisfied with Eckfeldt's designs, and with the criticism of the Chain cents fresh in his mind, he hired Joseph Wright to do yet another redesign in the denomination's troubled first year. Wright's design faced Liberty to the right and "tamed" her wild hair. The cap was added as an ancient symbol of freedom. The reverse design was revised to a recognizable laurel wreath, and future Chief Engraver Robert Scot had a hand in several minor revisions to the design over the next three years.
Robert Scot redesigned the whole of United States coinage for 1796, applying a new design featuring a bust of Liberty wearing a drapery at the neckline and a ribbon in her flowing hair. The reverse design now featured an olive wreath. As with earlier types, several minor revisions to the design were made in the first few years, with the final 1797 design lasting through the end of the type in 1807.
John Reich, assistant to Chief Engraver Scot, was appointed by new Mint Director Robert Patterson to redesign Scot's Draped Bust cent (along with every other circulating coin design). The so-called "Classic Head" derives its name from the fillet worn by Liberty on the obverse, though the fillet was worn only by male athletes in ancient Greece. The copper used during the years in which Classic Head cents were minted was of a higher quality, containing less metallic impurity. Consequently, they were softer and more prone to wear and corrode quickly than issues before or after. As a result, unimpaired, high-grade specimens are especially difficult to obtain and fetch strong premiums when they appear on market, especially with original red or red-brown mint lustre.
As a response to public criticism of the Classic Head, the Mint assigned Chief Engraver Scot to redesign the cent in 1816. This newest design enlarged the obverse portrait, giving Liberty a much more mature look (leading to the Matron Head reference), and surrounded the portrait with stars along the outer edge of the coin.
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Facing more negative public reaction, the Coronet cents were redesigned in 1839 by new Chief Engraver Christian Gobrecht. This last major change to the coin updated the obverse by giving Liberty a slimmer, more youthful appearance. Minor tweaks continued through 1843, and the 1843 design prevailed through the end of mintage in 1857. Some 11 years after the large cent was discontinued, a mint employe coined several large cents dated 1868, almost certainly for sale as instant rarities to numismatists. Fewer than a dozen of these unofficial issues, struck in both bronze and copper-nickel, are known to survive.
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