The value of an 1831 one-cent coin, known as the Coronet Head Large Cent, depends heavily on its condition (grade) and other factors like varieties or errors.
Here’s a general overview of the value range based on condition:
- Good (G): Approximately $35.
- Very Good (VG): Around $52.
- Fine (F): Roughly $65.
- Very Fine (VF): Approximately $115-$170.
- Extremely Fine (XF): About $220.
- About Uncirculated (AU): Can range from $410 to $575, depending on the specific AU grade.
- Mint State (MS): Uncirculated coins in mint state are considerably more valuable. For example, an MS62 (uncirculated with minor imperfections) can be worth around $935. Higher grades like MS64 and MS66 can reach significantly higher values, potentially thousands of dollars, according to [PriceCharting].
- Condition/Grade: The primary driver of value. Well-preserved coins with minimal wear and strong details are the most sought after.
- Varieties: Different die pairings exist for the 1831 large cent, including “Large Letters” and “Medium Letters” reverses. Medium Letter varieties may carry a premium.
- Die States/Errors: Some coins may exhibit die cracks, planchet flaws, or weak strikes, which can affect value.
- Certification: Due to counterfeiting, certified and graded coins from reputable services like PCGS or NGC are often preferred by serious collectors.
- The values listed are estimates and can fluctuate based on market demand and specific coin characteristics.
- [According to JM Bullion] and [the Newman Numismatic Portal] , it’s crucial to be cautious when purchasing 1831 large cents due to the prevalence of counterfeits. Seek expert advice before making significant purchases.
- Large cents were minted in Philadelphia and lack a mint mark.
To get a precise valuation for a specific 1831 one-cent coin, it’s recommended to consult with a professional coin dealer or have the coin authenticated and graded by a reputable third-party service.
Which American 1 cent coins are valuable?
1943-D Lincoln Bronze Wheat Penny — $2.3 million. …
1944-S Steel Wheat Penny — $1.1 million. …
1793 Strawberry Leaf Cent — $862,500. …
1943-S Lincoln Cent Struck on Bronze — $282,000. …
1909 VDB Matte Proof Lincoln Penny — $258,000. …
1958 Doubled Die Obverse Cent — $224,831. …
1856 Flying Eagle Cent — $172,500.
Which large cents are rare?
Flowing Hair Large Cents (1793)
Liberty Cap Large Cents (1793-1796)
Draped Bust Large Cents (1796-1807)
Classic Head Large Cents (1808-1814)
Coronet Large Cents (1815-1857)