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To a coin collector nothing really. Usually a coin with damage such as a cut or very deep scratch visible by eye on the front or back will render the coin "ungradeable" and coins are bought and sold by grade. Very rare coins are the exception to this rule as their rarity outweighs the devaluation from the damage to some measure. The 1847 large cent is a fairly common coin for it's era and in average circulated condition is valued around $25 - $35.

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Q: What is the value of an 1847 US large cent with one cut on the back?
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