1804 Draped Bust Large Cent Value Guide

The 1804 Draped Bust Large Cent is a premier rarity in American numismatics, struck during a period of extreme hardship at the Philadelphia Mint. Its scarcity is attributed to severe copper shortages and yellow fever outbreaks that hampered production, making it a cornerstone of early U.S. copper collections.

What Is 1804 Draped Bust Large Cent Worth?

The typical price range for 1804 Draped Bust Large Cent is $1,350 - $1,480 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• The specific die variety, such as the highly sought-after 'Crosslet 4' versus the 'Plain 4' strike.
• Overall surface preservation and the presence of original copper luster or attractive chocolate-brown toning.
• The degree of wear on Liberty's hair and the wreath leaves, which determines the technical grade.
• Historical provenance and authentication by major grading services like PCGS or NGC.

How to Identify 1804 Draped Bust Large Cent?

• Verify the date for the specific '1804' numerals, looking for the distinct 'Crosslet 4' or 'Plain 4' die varieties.
• Examine the obverse for the Draped Bust Liberty design, ensuring the strike matches known Philadelphia Mint characteristics.
• Check the reverse for the 'One Cent' denomination within a laurel wreath, typical of the early 19th-century copper issues.
• Inspect the coin's edge for a smooth finish, as these were struck on planchets without edge lettering.

History of 1804 Draped Bust Large Cent

The 1804 Draped Bust Large Cent is one of the most famous and sought-after rarities in American numismatics. Due to a series of mechanical issues and administrative changes at the Philadelphia Mint, only a limited number were struck. The year 1804 was particularly difficult for the Mint, which faced copper shortages and yellow fever outbreaks. This coin is known for having several die varieties, with the most famous being the crosslet 4 and the plain 4.