Lot 1005
1795. EF-45. Sheldon-76b. Rarity-1. Plain Edge. ONE CENT high in wreath. There is a small planchet defect in the left obverse field near the end of Liberty's curls, but it is small and unimportant. One old dark spot resides over the Y of LIBERTY, and the surfaces have been cleaned with the usual hairlines evident in the fields and on the devices. Struck about 5% off center towards 9 o'clock on the obverse and reverse. Above M of AMERICA a small rim clip is noted. Medium brown color and attractive, without circulation problems, although the original planchet isn't perfectly smooth.
Congress changed the authorized weight of the Cent from 208 to 168 grains while this variety was being struck. This slow debasing of coinage has continued through today, to where Cent coinage is now virtually worthless in metal value, not to mention buying power.
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