The 1795 Liberty Cap Large Cent with a reeded edge is a highly coveted variety among collectors of early American coinage. Here's some information about this coin:
Design: The Liberty Cap Large Cent, designed by Robert Scot, features a bust of Liberty facing right on the obverse, wearing a liberty cap on a pole. The word "LIBERTY" is inscribed above the bust, and the date appears below.
1. Reeded Edge: The reeded edge refers to the distinctive milling or ridges around the circumference of the coin. This edge treatment was implemented to deter counterfeiting and unauthorized clipping of precious metal from the coin's edge.
1. Historical Context: The 1795 Liberty Cap Large Cent with a reeded edge represents an early attempt by the United States Mint to improve the security and integrity of its coinage. Prior to the introduction of reeded edges, coins often had plain edges, making them susceptible to alteration and fraud.
1. Variety Collecting: Collectors of early American coinage often specialize in collecting specific varieties or errors, such as coins with reeded edges. These varieties add an extra layer of interest and complexity to coin collecting, as they represent unique instances in the minting process.
1. Collectibility: The 1795 Liberty Cap Large Cent with a reeded edge is highly sought after by collectors due to its rarity and historical significance. Examples in good condition with sharp details and minimal wear command significant premiums at auction and in the numismatic market.
Surviving Examples: Despite their age and the challenges of early minting processes, some examples of the 1795 Liberty Cap Large Cent with a reeded edge have survived to the present day.
However, finding one in good condition can be challenging, as these coins were struck more than two centuries ago and were subject to heavy circulation and wear.