Nova Scotia produced two varieties of the 1861 Large Cent - Small and Large Bud.
There is a bud appearing between the wreath and the rim after the last A in Nova Scotia. The Large Bud extends almost touching the rim, whereas the Small Bud reaches about half way.
The Small Bud is the scarcer of the two varieties by a factor of 10:1. Canadian Coin News Trends thinks the factor is 2:1, hence their huge under-evaluation of the Small Bud variety.
Notice that this is a Nova Scotia Large Cent, and not designated Large Penny. This is because after the Dominion of Canada was formed in 1858, they dropped the British sterling system in favour of their own new decimal system. Nova Scotia large cents are extremely popular among Maritime and Canadian colonial coin collectors - perhaps in part because Nova Scotia produced large cents for only three years! Photo is example of actual coin.
>p>The July 2013 trend price is $6.