The 1802 Draped Bust cent variety represents the first circulation issue that was struck in that type of design. As a result, the 1802 Draped Bust cent is a key date in the series according to the Red Book.
Identifying the 1802 Draped Bust Cent
The 1802 Draped Bust cent can be identified by the following characteristics:
* Obverse: The obverse features a portrait of Liberty facing left, with her hair tied in a bun. The word "LIBERTY" is inscribed above the portrait, and the date "1802" is inscribed below.
* Reverse: The reverse features a depiction of an eagle with its wings spread, perched on a rock. The word "UNITED STATES OF AMERICA" is inscribed around the edge of the coin, and the denomination "ONE CENT" is inscribed below the eagle.
Varieties of the 1802 Draped Bust Cent
There are two varieties of the 1802 Draped Bust cent, which are distinguished by the size of the lettering on the reverse.
* The small lettering variety has small letters in the inscription "UNITED STATES OF AMERICA" on the reverse. This variety is more common than the large lettering variety.
* The large lettering variety has large letters in the inscription "UNITED STATES OF AMERICA" on the reverse. This variety is rarer than the small lettering variety.
Value of the 1802 Draped Bust Cent
The value of an 1802 Draped Bust cent depends on its condition and variety.
In general, the small lettering variety of the 1802 Draped Bust cent is worth between $100 and $200 in Good condition. The large lettering variety is worth between $200 and $300 in Good condition.
In higher grades, the value of an 1802 Draped Bust cent can be significantly higher. For example, an 1802 Draped Bust cent in Mint State can be worth several thousand dollars.