1838 Modified Matron Head Coronet Head Cent

Coin Details

Auction Record

$9,694 MS66+BN 09-26-2019 Legend Rare Coin Auctions

Description

Produced at the Philadelphia Mint, the 1838 Modified Matron Head Coronet Head Cent is part of the Modified Matron Head Coronet Head Cents 1835-1839 series. The U.S. Mint produced 6.4 million examples, making this the higher-mintage of the two mint variants, representing 100% of production. The obverse features Liberty facing left wearing a hair ribbon inscribed LIBERTY, with a coronet of stars around her head and the reverse displays a wreath enclosing ONE CENT. Minted during the age of Jacksonian democracy and the rise of the common man, as new branch mints opened in Charlotte, Dahlonega, and New Orleans. Coined at the Philadelphia facility, the nation's original mint that has operated continuously since its 1792 founding. Estimated market value ranges from $30 to $692 depending on grade and condition. Struck in copper, weighing 10.89 grams, 28 mm in diameter, with a plain edge. Cataloged as PCGS #1741.