1794 Liberty Cap Cent. S-48. Rarity-5+. Starred Reverse. VF Details--Environmental Damage (PCGS).Among early American copper coins none is more famous as a variety than the 1794 Starred Reverse large cent. The offered coin exhibits dark charcoal-copper fields with lighter autumn-brown color to select high points and portions of the border. The surfaces are uniformly rough and granular, the reverse also with several prominent pits that further explain the PCGS qualifier. Overall detail is quite bold, the borders fully denticulated around both sides and virtually all devices nicely outlined and readily appreciable. The all important reverse stars are clear from 4 to 9 oclock, those in other areas faint and more difficult to discern. Walter Breen noted that the Starred Reverse is "usually in low grades, occasionally on defective planchets, and seldom showing all 94 stars, the border often being weak at upper right." Recent discoveries have increased the extant population to somewhat more than 60 coins. Given the fame of this variety and constant demand from early copper specialists, however, the Starred Reverse cent remains scarce in an absolute sense and rare from a market availability standpoint. Indeed, this is our first offering for the variety since 2015, a fact that underscores the fleeting opportunity this lot represents for the advanced collector.
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