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1803 Cent - Large date with small or large fraction: why the huge difference in value?
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<p>[QUOTE="Conder101, post: 2975516, member: 66"]Because when the varieties were first described in Early American Cents, and also in Penny Whimsy in 1958 the S-264 was not an R-4+, I believe it was an R-6+ or R-7. It became one of the "Big four" varieties of the Early date cents, the other three being the 1794 starred reverse, 1795 Reeded edge, and 1807 small 7/6. As such it had a lot of fame and a sky high price. Since 1958 some more starred rev, reeded edge and small 7/6 have been found. A lot more large date small fractions have been found. (the rarity of the 265 has not changed all that much.) But all of the big four still have very high premiums and the 7/6 and large date small fraction premiums are considerably higher than what their current rarity should justify.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 2975516, member: 66"]Because when the varieties were first described in Early American Cents, and also in Penny Whimsy in 1958 the S-264 was not an R-4+, I believe it was an R-6+ or R-7. It became one of the "Big four" varieties of the Early date cents, the other three being the 1794 starred reverse, 1795 Reeded edge, and 1807 small 7/6. As such it had a lot of fame and a sky high price. Since 1958 some more starred rev, reeded edge and small 7/6 have been found. A lot more large date small fractions have been found. (the rarity of the 265 has not changed all that much.) But all of the big four still have very high premiums and the 7/6 and large date small fraction premiums are considerably higher than what their current rarity should justify.[/QUOTE]
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1803 Cent - Large date with small or large fraction: why the huge difference in value?
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