Coin Specifications

Category: Liberty Cap Cents (1793-1796)
Mint: Philadelphia
Obverse Designer: John Smith Gardner?
Reverse Designer: John Smith Garder?
Composition: Copper
Weight: 10.8900g
Diameter: 29mm
Edge: Reeded
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1795 REEDED EDGE S-79 1C MS obverse 1795 REEDED EDGE S-79 1C MS reverse
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Description & Analysis

The most coveted of all Sheldon numbered large cents is 1795 S-79, the famous Reeded Edge cent, sometimes called the Holy Grail of Sheldon numbers. Just eight examples are known today, including one in the ANS holdings. When Dr. William H. Sheldon wrote Early American Cents in 1949, he devised an identification scheme where most large cent varieties were numbered from 1 to 295, with additional extremely rare varieties assigned special 'non-collectible' notations, the NC varieties. He reasoned that those varieties are so rare that most collectors had little or no chance to acquire them. Any variety with two or fewer examples (in some cases no example) available to collectors was designated as non-collectible. In 1949 there were 32 NC varieties and 28 numbered varieties that were assigned a rating of R.7 or R.8. Since 1949, new discoveries have increased the number of NC varieties to 53, while only 1793 S-15 (12 known) and 1795 S-79 retain the R.7 rating among Sheldon numbered die pairs. The official purpose of the edge reeding will likely never be known, much as the reason for the stars on the reverse of the 1794 Starred Reverse cent will probably never be known. In the case of the 1795 Reeded Edge cent, the most likely hypothesis is an experiment to prevent counterfeiting or clipping. In Walter Breen's Encyclopedia of United States Large Cents, the author writes:

{blockquote}The reeded edge was an experiment which proved to be a needless frill, adding to the cost of manufacture without compensatory advantage. Unlike precious metals, copper, especially at the new weight standard, was unlikely to attract specialists in clipping and shaving coins. Most likely the reeded edge was an attempted measure to combat counterfeiting.{/blockquote}

Earlier, Dr. William H. Sheldon wrote in Penny Whimsy that 'this was apparently an experiment which did not meet with favor, since it was immediately abandoned.' The experimental nature of these coins is a common theme in past descriptions. However, there are only a few facts known about the 1795 Reeded Edge cents. Only eight confirmed examples are known at this time, and all are from a single die pair. No examples of that die pair exist with any other edge type, plain or lettered. The obverse die was not used for any other variety, while the reverse die was also used for six different varieties of 1796 Draped Bust cents. The coins were reportedly minted at the 168-grain standard that went into effect on December 27, 1795.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 3/31/2016

Click on a price to see historical prices, comparison charts and trends.

1795 REEDED EDGE 1C S-79 MS BN
  GVGFVFXF505355586061626364656667686970
Base $ 675000 1750000 - - - - - - - - - - - - - - - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
There is no Census data for this coin.

NGC Registry

NGC Registry Score 1795 REEDED EDGE 1C S-79 MS BN
 PrAgGVGFVF4045505355586061626364656667686970
Base1795155977741333194922762555274328603023312632383447376542905563731712469176052528036893
2915426569601538205823692618278229143057316333083553394047146148903414181201632915138738
000000236926182782291430573163330835533940471461489034141812016300
0000002462268028212969309232013377365941155139673210752158932272200
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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.