One Cent 1794 coin value /United States 1794 large Cent coin worth up $.246,750?

One Cent 1794 coin value /United States 1794 large Cent coin worth up $.246,750?

A CENT from the 18th century recently sold for over $4,000 at auction – but it's far from the only one still out there.

The over 200-year-old coin is a favorite of collectors.

While 40 isn't the highest grade, it could still be worth thousands

Minted in 1794, the piece was a part of a series of Liberty Cap large cents produced between 1793 and 1796.

The coin features Lady Liberty facing rightward with what's called a Phrygian cap just above her head.

In addition to being minted in 1794, this coin is considered a Head of 1794 Large Cent.

This is because other versions of the coin produced that year had obverse or head designs taken from 1793 or 1795.

Despite its age, the coin is not incredibly rare, yet ones in good condition are highly sought after, according to a description from expert coin appraiser Ron Guth at Professional Coin Grading Services.

While a mintage of 918,521 might not be high for a coin produced back then, it's low when compared to most dates in the Lincoln series.

For example, most pennies have mintages of at least 4million.

One 1794 Liberty Cap example sold for a total of $144,000.

While not Mint State, this coin was given a rating of XF40 BN, which is toward the middle of PCGS's grading scale.

BN is reserved for copper coins that have lost most if not all red luster, and are almost completely brown.

So a 1794 penny could still be worth thousands despite its middle-of-the-pack grade.

In comparison, another example certified in an MS66 BN grade sold for $246,750.

"As expected, the 1794 Head of 1794 is a common type, though Mint State examples are scarce and valuable," Guth said.

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