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Lot
3027

1793 1C Wreath Cent, Vine and Bars AU55 PCGS. S-9, B-12, R.2....

2013 July 11 - 14 US Coins Signature Auction - Orlando #1187

 
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Auction Ended On: Jul 11, 2013
Item Activity: 17 Internet/mail/phone bidders Number of Bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:
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1793 S-9, B-12 Wreath Cent, AU55
Vine and Bars Edge
1793 1C Wreath Cent, Vine and Bars AU55 PCGS. S-9, B-12, R.2. The Horizontal Stem on the obverse and the kidney-shaped ribbon bow on the reverse are diagnostic of this plentiful variety, the most common die marriage of the Wreath cent design. The total mintage of all Wreath cent varieties was 63,353 coins, mostly produced in April, with a few pieces struck three months later in July 1793. Mint researcher R.W. Julian notes that the supply of copper planchets was exhausted at the same time that the Mint's rolling mills broke. A new supply of copper blanks was delayed until the rolling mills were repaired.

Studying rarity ratings of all 1793 Wreath cent varieties shows a total population of 2,200 to 2,900 survivors for all varieties, including 750 to 1,000 examples of S-9, or about one-third the total population. That data suggests that about one-third of the Wreath cent mintage was from this die pair, or about 21,000 cents. In his Large Cent Encyclopedia, Walter Breen conveniently determined that all coins struck in July were examples of S-11 (a, b, and c), and that the cents struck in April were S-5 through S-10, along with the NC varieties. Although his accounting is likely inaccurate, it seems reasonable that the S-9 cents were struck in mid-April 1793.

This early die state specimen appears to have faint die cracks on Liberty's face and temple, although no evidence of any reverse die cracks may be found. The surfaces are olive-brown and tan with a few handling marks and planchet fissures. Overall, this is an attractive specimen with excellent eye appeal. Our EAC grade XF40.(Registry values: N4719) (NGC ID# 223H, PCGS# 1347)

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