We are offering an 1838 large cent. This coin has heavy wear but all major details are present. The full wreath and lettering are distinct. There is environmental damage on this coin. In our opinion, we believe this coin to be in good condition.
First struck in 1793, the large cent was coined every year from 1793 to 1857 except 1815. When the United States declared war in 1812 against Great Britain, coinage was affected. The wartime embargo against shipments made it so the mint could not get any new copper planchets, which were imported from Great Britain, to strike coins. The mint made do with what supply it had and struck coins into 1815. After the war ended in 1815, the mint wasted no time in ordering new planchets. For an unknown reason, no coins were dated 1815 from the supply the mint had in the interim. In addition to the copper shortage, people also hoarded precious metals during the war. The Philadelphia Mint produced all large cents, which contained twice the copper of the half-cent. This made the coins bulky and heavy, bigger than modern-day US quarters.
T-2 - XGM - 2/08 - S4 - BC
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Insurance Endicia: Included
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DISCLAIMER: Please examine the photos carefully and purchase based on the condition you see and believe the item is. We do not offer any of our currency or coins that are raw with grades, we offer them only with photos and our asking price. We will state our opinion, but, you be the judge of the quality of our raw currency and coins. We will not specify or guarantee a grade unless the coin or currency has been professionally graded by PCGS, NGC, or PMG. Further, we do not guarantee any raw coin or currency to meet any specific grade by any other standards.