2016-04-15 Fri

Stack’s Bowers Galleries offered Part II of the Twin Leaf Collection of Middle and Late Date Large Cents on 30th March. The finest examples were sold in July 2015 and the latest auction showcased duplicates.

1816 Coronet cent is one among the large cents that were struck between 1793 and 1857. Large cents and are classified based on their die varieties and die states, formed as the dies deteriorated.

In 1816 the cent was the only denomination struck at the Philadelphia Mint. A new Coronet Head design, similar to the Classic Head design dated between 1808 and 1814 was featured on them.

During the auction, an 1816 Coronet cent of the Newcomb 1 variety graded Very Good Details, Bent, by Professional Coin Grading Service, fetched $940.

The coin was minted with the last die which is evident from its deterioration at the rim by the word UNITED.