1802 Draped Bust Cent - 1/000 Fraction

Strike Type

Coin Details

Year

1802

Denomination

Cent

Mint Mark

Strike Type

Regular Strike

Series

Draped Bust Cents 1796-1807

Designer

Robert Scot

Mintage (whole issue)

3,435,100

Composition

Copper

Weight

10.89g

Diameter

28mm

Edge

Plain

Auction Record

Price realized: $27,600
Sold: 1 January 2005
Grade: MS65
Auction house: Heritage Auctions

Description

This is the 1/000 fraction variety of the 1802 Draped Bust Cent: the reverse die carries the blundered fraction 1/000 instead of 1/100. Any mintage given below counts the entire issue for this date and mint, not this variety: a variety comes from one die or a few, and how many coins they struck was never separately recorded. The 1802 Draped Bust Cent - 1/000 Fraction represents a Philadelphia Mint issue from the Draped Bust Cents 1796-1807 series. The 1802 Draped Bust Cent issue as a whole had a mintage of 3.4 million; how many coins carry this variety is unknown. The obverse features Liberty facing right with draped bust and ribbon-bound hair, designed after a Gilbert Stuart portrait and the reverse displays a wreath enclosing ONE CENT and fraction 1/100. Produced during the earliest years of the United States Mint, when the young republic was establishing its monetary system and coinage traditions. Struck in copper, weighing 10.89 grams, 28 mm in diameter, with a plain edge. Cataloged as PCGS #1473.