The condition of the coin: The condition of the coin is crucial in determining its value. A coin with a higher grade (MS-65) will be worth more than a coin of the same year with a lower grade (G-4).
Scarcity and mintage year: The mintage number of the 1796 cent was only around 1,500, making it somewhat rare. Thus, its value is significantly influenced by its rarity in the numismatic market.
Errors and varieties: Some 1796 cents have errors or variations that make them more valuable to collectors. For example, a 1796 Draped Bust cent with the "Overdate" variety, has a small "9" punched over the "6" in the date, and is worth considerably more than a regular 1796 Draped Bust cent.
Certification: A certified coin is authenticated and graded by a reputable coin-grading company like "The Professional Coin Grading Service" (PCGS) or "The Numismatic Guaranty Corporation" (NGC). Certified coins are generally more valuable than uncertified coins.
It's important to note that coin values are subject to change, and the prices mentioned here provide a general range. If you have a 1796 US penny or any other rare or valuable coin, consulting a reputable coin dealer or numismatist for appraisal is recommended to determine its exact value and potential worth in the current market.