The 1804 Draped Bust Large Cent is a fascinating coin that holds historical significance and is highly sought after by collectors. Large Cents, like the 1804 Draped Bust variety, were the first regular-issue coins struck by the United States Mint for circulation.
Designed by Robert Scot, the Chief Engraver of the United States Mint at the time, the obverse of the coin features a portrait of Liberty facing right, with her hair flowing and adorned with a headband inscribed with the word "LIBERTY."
The reverse depicts a wreath with a small "1" in the center, representing the coin's denomination of one cent.
The Draped Bust Large Cents were minted from 1796 to 1807, and the 1804 issue is particularly noteworthy due to its historical significance and relative scarcity.
The production of Large Cents during this period faced various challenges, including issues with the planchets (the blank metal discs from which coins are struck), resulting in variations in quality and rarity among different years and varieties.
Because of its age, historical significance, and scarcity, the 1804 Draped Bust Large Cent is highly prized by collectors. Its value is influenced by factors such as its condition, rarity, and demand among collectors.
As with any rare coin, it's advisable to have it authenticated and appraised by a professional numismatist to ensure its authenticity and determine its value accurately.
In conclusion, the discovery of a rare Bicentennial Quarter Bonanza, featuring six coins worth over $90 million USD each, is a testament to the enduring allure and value of numismatics.