Series: Liberty Cap Cents 1793-1796
PCGS XF40BN
| Survival Estimate | |
|---|---|
| All Grades | 45 |
| 60 or Better | |
| 65 or Better | |
| Numismatic Rarity | |
|---|---|
| All Grades | R-8.6 |
| 60 or Better | R-10.1 |
| 65 or Better | R-10.1 |
| Relative Rarity By Type All Specs in this Type | |
|---|---|
| All Grades | 4 / 11 |
| 60 or Better | 1 / 11 |
| 65 or Better | 1 / 11 |
| Relative Rarity By Series All Specs in this Series | |
|---|---|
| All Grades | 4 / 12 |
| 60 or Better | 1 / 12 |
| 65 or Better | 1 / 12 |
| #1 Est. XF45 |
#2 PCGS XF40
“The John P. Young Collection,” M.H. Bolender, September 1951, Lot 45 – $67.50; Melvin Danner; World Numismatiques, April 1959, Lot 1430 – $375; “The F. Dabney Caldwell, Jr. Collection,” Stack’s, April 1988, Lot 2094 – $31,900; Alan V. Weinberg. As PCGS XF40 #35744098. “The Alan V. Weinberg Collection, Part I,” Heritage Auctions, January 10, 2019, Lot 4319 – $264,000. S-80. |
| #3 PCGS VF30 |
#3 PCGS VF30
|
#5 PCGS VF25
Dr. Edward Maris - Harlan P. Smith 6/1886:270, $50 - T. Harrison Garrett Collection - Robert Garrett Collection - John Work Garrett Collection - Johns Hopkins University - Bowers & Ruddy 11/1979:80, $7,500 - Tom Morley - John W. Adams 4/1981 - Denis W. Loring 5/1981 - Dr. John Y Harper Collection - Heritage 3/2012:3052, $184,000 |
#5 PCGS VF25
|
|
#5 F15 PCGS grade
George F. Seavey Collection - William H. Strobridge 6/1873 - Lorin G. Parmelee Collection - New York Coin & Stamp Co. 6/1890:713 - Sylvester Crosby - Alvin J. Fink - K.P. Austin - Dr. Robert J. Shalowitz - Del Bland, April 1973 - James T. McConnell, Jr. - Dr. Robert J. Shalowitz - Jerry A. Bobbe - Bowers & Merena 7/2003:129, $59,800 - Stack’s 1/2009:56, $149,500 |
#7 PCGS VF20
Anderson Leas (accompanied by an old envelope stating "Saved by Anderson Leas, found in his belongings after his death." The imprint on the envelope reads "from//J. & J. Leas,//Grain, Flour and Seed,//West Manchester, Ohio") - Bowers & Merena 1/1997:6 (as ANACS F12) - Jack Wadlington (via Bob Grellman & Chris McCawley), sold privately on 6/30/2005 - Dan Holmes Collection - Goldbergs 9/2009:131 (as PCGS VF20), $94,875 |
#7 PCGS VF20
|
#7 PCGS VF20
Stack’s/Bowers 8/2012:11187, $86,250 - Heritage 1/2013:5523, $111,625 - Heritage 8/2014:5525, $105,750 |
#7 PCGS VF20
|
#11 PCGS F15
|
#11 PCGS F15
|
|
#15 F15 PCGS grade
Abe Kosoff "ANA Sale" 8/1953:74 - Norweb Collection - Bowers & Merena 11/1988:2740, $9,625 |
While collected alongside regular issues, the Jefferson Head Cents (Plain Edge #1386; Lettered Edge #1389) were struck outside the United States Mint, possibly as part of a private effort to demonstrate that an independent contractor could strike copper coinage cheaper than the government.
Research by Walter Breen and other scholars traced their origin to John Harper, a saw-maker and machinist, who operated shops in Trenton, New Jersey and Philadelphia. Harper’s Philadelphia shop, located at North 6th and Cherry Streets — believed to be the site where the first 1792 Half Dismes (#11020) were struck — was just a block away from the newly built federal Mint on 7th Street. On January 23, 1795, Harper visited the Mint to suggest technical improvements to their coining machinery, but his ideas were shrugged off.
Determined to prove the efficacy of his methods, Harper built a coin press, cutting machine, and dies at his own expense. Ten months later, on November 4, 1795, he reached out to newly appointed Mint Director Elias Boudinot with a formal proposal to take over copper coin production, writing:
"I propose to engage with you… To receive sheet copper of the right size and coin the same into cents complete for circulation at the rate of eighty dollars per ton and to return the same in Cents and shruf deducting twenty-five pounds in each ton for waste. I will also forge and harden all the dies, beds, and punches for the same."
Harper intended to mimic the design of the official 1795 Liberty Cap Cents, but his skill was as a machinist, not a die-cutter. His attempts at replicating the artwork, while admirable, fell noticeably off the mark. The differences did not escape the notice of later collectors, who dubbed the coins "Jefferson Heads" because the crude profile bore a vague resemblance to Thomas Jefferson.
On February 3, 1796, Director Boudinot filed a report to the House of Representatives detailing Harper’s private cent coinage. A Congressional committee subsequently visited Harper’s shop to inspect his press, and some members of the delegation may have taken sample cents as souvenirs. Boudinot took Harper’s dies back to the Mint and offered him a job as assistant coiner, which Harper declined.
Though struck outside official channels, collectors prize the Jefferson Heads and traditionally include them among regular-issue cents. Three die combinations are recognized: Sheldon NC-1 (#35744), Sheldon NC-4 (#35747), and Sheldon-80 (#35741). All three share the exact same obverse die. Sheldon NC-1 features a distinct reverse and is known with two different edge devices, while NC-4 and Sheldon-80 share a second reverse die.
Of these, only Sheldon-80 is plentiful enough to be considered collectible. Because Harper used cast planchets that were often poorly annealed, surviving examples are almost always worn and frequently plagued by corrosion, planchet voids, or stress cracks. The finest overall example is an estimated VF35 in the permanent collection of the American Numismatic Society, while the finest collectible specimen in private hands is a single PCGS VF30.
The Jefferson Head was already recognized as an unusual scarcity by the 1860s. In June 1864, Edward Cogan offered an example in a catalog section titled "Fabrications," calling it a "1795 Cent, Jefferson Head" and selling it for 25 cents. That October, W. Elliot Woodward cataloged another specimen as Lot 617, describing it as a "1795 Sometimes called the Jefferson Head, in rather poor condition but an extremely rare type." New York coin dealer William Strobridge purchased it for $1.00.
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