Menu
Welcome Sign-In | Join Now
Sold for Sign-in or Join (free & quick) includes Buyer's Premium (BP) 

Description

1783 Chalmers Threepence, Sharply Struck MS63
The Eliasberg Specimen, The Finest Known

1783 3PENCE Chalmers Threepence MS63 PCGS. CAC. Ex: Eliasberg. Breen-1018. The famous John Chalmers' threepence has clasped hands on the obverse, with the legend I CHALMERS ANNAP'S around. The reverse has a floral spray with a ring of three-leaf clusters and the legend 1783 THREE PENCE around.

John Chalmers, a Maryland silversmith, produced small silver threepence, sixpence, and shillings, clearly intended to serve the needs of the local economy in Annapolis at a time when the public was leery of accepting the Spanish cut coins otherwise known as bits. Chalmers threepence are rarer than the shillings, although not as rare as the sixpence. Most survivors are extensively worn, indicating that they saw extensive contemporary circulation.

In the Eliasberg catalog, Dave Bowers noted the writing of Dr. John David Schopf, who visited from Germany. Quoting Bowers: "It was customary at the time to cut a Spanish silver dollar into halves, quarters, and eighths, with the eighths being known as 'one bit' or 12-1/2 cents. Unscrupulous persons would attempt to cut five 'quarters' or nine or ten 'eighths' out of one coin, thereby realizing a proportional profit. Schopf reported that Chalmers redeemed various fractional parts and exchanged his own coins for them, charging a commission to do so."

The Eliasberg specimen is an outstanding Mint State piece, easily in the Condition Census for the denomination. It is arguably the finest known example, as none appeared in the Ford sales. The fields are fully lustrous beneath attractive lilac, blue, and gold toning. The quality is such that all of the intricate die work, including the engraving and fine die finishing lines are fully visible.
Ex: Louis E. Eliasberg, Sr. (Bowers and Merena, 5/1996), lot 47; FUN Signature (Heritage, 1/2009), lot 3556, where it brought $70,000.. (PCGS# 592)

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | PCGS Guarantee of Grade and Authenticity  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Glossary of Terms

Auction Info

Auction Dates
January, 2014
8th-12th
Internet/Mail/Phone Bidders: 8
Members Tracking: N/A
Page Views: 841

Buyer's Premium per Lot:
17.5% of the successful bid (minimum $14) per lot.

Heritage membership

941,630
bidder-members
$883,856,462
sold in the last year

Join Now - It's Free

VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 

Consignments wanted

Only 42 days left to consign to the 2015 October 29 - November 2 US Coins Signature Auction - New York!

Learn about consigning with us

I must say that you exceeded my expectation.
R.Z. ,
Hypoluxo, FL
View More Testimonials

HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com

Video tutorial

Getting the most out of search

Recent auctions

2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
2015 July 9 - 12 Summer FUN US Coins Signature Auction - Orlando Summer FUN
REALIZED $8,306,961
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
2015 April 9 - 14 CICF World Coins & Ancient Coins Signature Auction - Chicago
REALIZED $6,503,481
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
2015 April 22 - 28 CSNS Currency Signature Auction - Chicago
REALIZED $10,592,191

© 2015 Heritage Auctions | All Rights Reserved