"Of the known 1792 dated patterns, only one was produced that did not state a denomination and also portrayed an American eagle on the reverse of the coin.

On the obverse was an elegant portrait of a young, slender, bust of a woman representing lady liberty as prescribed in the mint act. The word LIBERTY is above and the 1792 date below. Liberty’s hair was bound up with a thin ribbon and is not free flowing. There were no dentils and only a small single star was placed to the right of LIBERTY. On the reverse was an eagle motif (also prescribed by the mint act) with wings open and swept back, perched upon a half globe. (This was perhaps derived from the State Seal of New York first developed in 1778). The legend UNITED STATES OF AMERICA surrounds the central eagle/globe motif. There are 87 small five-pointed stars around the periphery perhaps in lieu of dentils (the significance of the number of stars remains a mystery, as well as the single one found on the obverse).

Some previous scholars have postulated a connection between these stars and the ones found on the famous 1794 “starred” reverse die, only seen on the Sheldon-48 Large Cent die marriage. Some have even gone so far as to suggest that they were both produced at the same time and utilizing the same star punch. Most of these theories were put forth when the 1792 pattern quarter was thought to be a pattern for a Large cent. Large cent researcher and author Pete Smith wrote a detailed study in 1986, comparing these two similar dies and came to the conclusion that the stars were not the same size or shape, and were not from the same star punch. The theory of a connection between these dies is just that, a theory. The only similarity comes from the apparent use of a row of stars in place of dentils. The mint did try another type of border on the 1793 Large cents; the beaded border. This experiment and the one utilizing stars was abandoned after 1794 in favor of dentils."