Posted 13 years ago
jsw14
(120 items)
Here we have a 1837 Matron head with plain cords & small letters. Seems to be struck with a cracked die. (look at line through stars). Reverse has damage at top of coin. Looks like someone tryed to clean it. Has period (dot) below the One & line under cent. In this condition might be worth anywhere between 45 to 75 depending on byer +/-. From my Dads collection...... Not bad for a penny!
I like the date of 1837 when it comes to large cents. The Panic of 1837 caused coins, including large cents, to be hoarded.
Due to the need for small change, the U.S. Mint struck more than twice as many large cents in 1837 than they did in 1836. But even though they produced a lot of them, they quickly disappeared as they got hoarded. The result was Hard Times Tokens were produced privately to fill the void.
So while the large cent was stashed away somewhere, the Hard Times Tokens were what you would have found in circulation.
Here's an example of an 1837 Hard Times Token that would have replaced your coin in circulation:
http://acdwyer.com/1837_HardTimes_HT293.aspx
Thanks for the info & the web site links AC.....
i have a 1848 large cent i think they are a diff style
I have a similar coin from 1933. Great to learn a little more about the coins from this time period.
^^^Oops, sorry! I meant 1833 ^^^