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1799 1C S-189 NGC VF20 BN. This is a classic key date
in the large cent series. Problem-fee examples such
as this specimen , are always in demand.
The exact mintage of these pieces has been lost in
history. It has long been accepted that the total mintage
of the 1798 cents (1,841,745 coins) was a total of 1798
and 1799 cents. Whatever the mintage was, this is a
very rare issue that has been considered to be one for
150 years.
Most, if not all of the mintage circulated for at least
a couple of decades. As a result, most pieces are no
finer than good, and often show damage in one way or
the other. This is a common problem among early large
cents, but the very small number of known pieces (1,000
is a frequently seen number), make this issue very famous
for it. Correctly graded VF pieces, as this coin, are
rare.
This is a late die state piece with bold details. One
of the key markers in identifying the authenticity of
this issue is a die chip between E in ONE and T in CENT
on the reverse. This diagnostic is clearly seen on the
present piece. As much as 90% of the known examples
of this date have Liberty strong and the date weak,
as on this example. This was caused by a misalignment
by the dies. A very pleasing light brown color shows
on the problem-free surfaces. This key date is a wonderful
example of this popular early large cent that has proven
its value for a long time.
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