Search articles

The 1814 Plain Large Cents of 1816

-

Classic Head Cent, 1814 1C Plain 4, BN, PCGS MS67BN. Click image to enlarge.

The One-Cent coin debuted in 1793 as the first circulating Federal coin for mass production, alongside only the Half Cent. However, the Half Cent was discontinued in 1857 while the One-Cent coin chugged along and is still in production today, making it the nation’s longest-running denomination. Yet, there is one date during which the Cent was not struck, and that’s the year 1815. But why were there no One-Cent coins struck in 1815, and what’s the story behind the two types of 1814 Large Cents? It’s a rather complex story…

Copper & The War of 1812

Coin production at the United States Mint had become erratic in the years leading up to the War of 1812 anyhow, with no Half Cents struck since 1811, Half Dimes off the production roster since 1805, and an absence of Silver Dollars and Gold Eagles since 1804. While silver and gold bullion for planchets came from various domestic resources, including melted foreign coins that were still circulating legal tender in the United States, copper planchets came from England.

The origin of the copper planchets from Boulton & Watt of Birmingham, England proved problematic during the War of 1812, which saw the United States declare war on Great Britain after the Brits, along with the French, held economic sanctions against the U.S. during the Napoleonic Wars. The U.S. Mint continued making Large Cents from on-hand surplus for 1812 and 1813, but in 1814, the United States Treasury ordered the mint to stop production of One-Cent coinage until further notice – a drastic directive that to this day came without known reason, even with copper planchets still on hand.

Furthermore, the Treasury did not authorize Director Patterson to pay wages to the United States Mint work crew. It was a situation that went on for nearly a full year before Patterson took matters into his own hands in December 1814 and directed Chief Coiner Adam Eckfeldt to use all copper planchets on-hand for minting Large Cents. These coins went into pay envelopes for mint workers and, most assuredly, the coins were promptly spent.

No Large Cents were minted in 1815, the year the war came to an end. None were minted until the embargo came to an end in 1816, making 1815 the only year the cent was not struck. A coin shortage ensued, and copper tokens from private mints in the United States as well as pieces from overseas were used in commerce to fill the void. Many of these pieces remained in circulation even long after the United States Mint resumed minting Large Cents in 1816.

The 1814 Plain Versus Crosslet 4 Cents

With the embargo lifted, copper planchets from overseas flooded the mint’s supplies. But that doesn’t mean presses began rattling off a slew of 1816-dated Large Cents. During the early days of the United States Mint, dies were often used for as long as they were physically viable, even if it meant striking coins with dates that had already passed. This helps explains why so many overdates were made during the first decades of the U.S. Mint, though it is often the situation that coins bear dates older than their years of manufacture.

That was the case with the 1814 Plain 4 Large Cents, which numismatists have determined in recent years were struck during the early months of 1816. Early American Coppers President Bill Eckberg shared in a 2020 CoinWeek interview that part of what clued experts toward this conclusion was a seeming overabundance of 1814-dated Cents as compared to relatively small numbers of 1816 Cents. “There are way too many 1814 Large Cents and way too few 1816 Large Cents relative to the numbers that we thought had been made, but if all of those delivered in February of 1816 were dated then the numbers work out correctly,” Eckberg told CoinWeek.

With the knowledge that the 1814 Crosslet 4 Cent was struck in 1814 and the 1814 Plain 4 came in 1816, it’s fairly easy to visually determine what year a given 1814 Cent was made. The Crosslet 4 and Plain 4 Large Cents can be picked out with the naked eye.

Classic Head Cent, 1814 1C Crosslet 4, RB, DATE COMPARISON. Click image to enlarge.

The Crosslet 4 can be ascertained by the prominent, horizontal “T”-shaped stem to the right of the main vertical trunk of the “4” digit. This is indicative of an 1814 Cent struck in 1814. Meanwhile, the 1814 Plain 4, which has a spike-like horizontal stem to the right of the vertical trunk of the “4” digit,” was produced in 1816.

Collecting The 1814 Cents

A critical anti-counterfeiting message must precede any further discussion of the 1814 Cents: no 1815 Cents were ever struck. Yet, a flurry of counterfeit or altered pieces made to resemble 1815-dated Large Cents have nevertheless been encountered over the years and are still seen by collectors today. Unfortunately, some non-collectors or those new to the hobby do not know that all 1815 Cents are fake, only finding out the unfortunate news after the fact – and after paying large sums of money for a coin that isn’t real.

The United States Mint reported a mintage of 357,830 across both varieties of 1814 Cents. The 1814 Crosslet 4 Large Cents are the more common of the two types of 1814-dated Cents. PCGS CoinFacts estimates that there are approximately 3,000 1814 Crosslet 4 Cents exist in all grades, while about half as many of the Plain 4 are known – approximately 1,500.

Classic Head Cent, 1814 1C Crosslet 4, BN, PCGS MS66BN. Click image to enlarge.

As all Classic Head Cents go, the two types of 1814 Cents are both relatively scarce and expensive. Even in well-worn circulated grades, the 1814 Cents trade in the low-to-mid three figures. Specimens of the 1814 Plain 4 and Crosslet 4 trade for similar amounts in PCGS G4 and PCGS F12, with both taking $110 and $475, respectively, in those two grades.

Price spreads become more evident in higher grades, with the Plain 4 trading for $2,250 in PCGS XF40 and the Crosslet 4 fetching $2,100. In Uncirculated grades, the conditional rarity of the Plain 4 is clear, with only 17 estimated in a grade of MS60 or better and merely 3 in MS65 or better. There are no known RD specimens and just 1 RB, which sold for $32,900 in a grade of PCGS MS64RB. The finest-known Plain 4 is graded PCGS MS67BN.

The Crosslet 4, an extremely scarce coin in MS grades but far more common than the Plain 4, offers some 50 specimens in uncirculated grades and 4 in grades of MS65 or better – yet, none of these coins are graded by PCGS as RBs. The record price for an 1814 Crosslet 4 belongs to a PCGS MS65BN that crossed the block for $55,812.50 in PCGS MS65BN.

Sources

Coin Collecting: Basics Large Cents (1793-1857)

Related Articles