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The Certified Large Cent 1798 2nd Hair Style XF Detail "Damage" PCGS represents an important piece of American numismatic history, reflecting the early years of coinage in the United States. Minted at the dawn of the 19th century, this coin offers a glimpse into a time when the young nation was still establishing its economic infrastructure.
The year 1798 falls within the formative years of the United States Mint, which was established in 1792. During this period, coinage production was limited compared to later years, and each coin was struck by hand, making them unique artifacts of their time.
The Large Cent was one of the primary denominations minted during this era and played a crucial role in everyday commerce. These coins were used for various transactions, ranging from everyday purchases to larger commercial transactions.
The design of the Large Cent 1798 features a bust of Lady Liberty facing right on the obverse. This particular variety is known as the "2nd Hair Style," distinguished by the arrangement of Liberty's hair. The word "LIBERTY" appears above the portrait, and the date "1798" is inscribed below.
The reverse of the coin displays a wreath encircling the denomination "ONE CENT" in the center. Surrounding the wreath is the inscription "UNITED STATES OF AMERICA," indicating the issuing authority of the coin.
The Large Cent 1798 2nd Hair Style was struck at the United States Mint in Philadelphia, which was the main mint facility at the time. Philadelphia was responsible for producing most of the nation's coinage during this period and played a significant role in shaping American numismatics.
Records indicate that mintage figures for Large Cents varied from year to year, influenced by factors such as demand, availability of raw materials, and production capabilities. While precise mintage numbers may not be available for every year, it is estimated that thousands or even millions of Large Cents were minted annually during this era.
The Certified Large Cent 1798 2nd Hair Style XF Detail "Damage" PCGS has been graded by the Professional Coin Grading Service (PCGS) and assigned a grade of XF Detail, indicating that it exhibits extensive wear consistent with its age and circulation. The "Damage" designation suggests that the coin may have suffered from some form of impairment, such as scratches, dents, or corrosion.
Despite its condition, the Certified Large Cent 1798 2nd Hair Style XF Detail "Damage" PCGS remains a valuable and sought-after collectible. Each coin is a tangible piece of American history, bearing witness to the nation's early years and the challenges faced during its formative period.