Nice find DJ! This is just my oppinion from what I have read but, sometimes change was hard to come by because it was not available so coins were cut into quarters or halves and would represent the actual face value, 1/4 cent = 1 cent? HH, Mike
Nice to see another 1/4 of a Large Cent, evidently it was more common of a practice than we think, I found one earlier this year. Except I was able to attribute mine, for both the date and variety.
The photo is of mine, I attributed it as an 1803 Sheldon variety 253