With an estimated mintage of 96,500 pieces, the 1804 Draped Bust Large Cent (Buy on eBay) is a scarce date which carries a premium across all grade levels. Very much in demand, high grade examples are elusive with no more than two or three uncirculated pieces believed to exist. One of the finest known pieces graded PCGS MS-63 Brown sold for $661,250 in 2009.
Because of the low mintage, the rarity of the coin was quickly understood and around 1860 an unofficial, private restrike was created using discarded Mint dies. The restrike used a rusted 1803 obverse die with the 4 re-engraved over the final digit of the date and a reverse die used for regular production in 1820. Despite the illogical combination, these pieces are listed in major references and remain highly collectible.
Coin Specifications
- Designer: Robert Scot
- Composition: 100% Copper
- Weight: 10.89 grams
- Diameter: 29 mm
- Edge: Plain
