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Lot
3025

1793 1C Liberty Cap VF25 PCGS. S-13, B-20, Low R.4....

2010 August Boston, MA Signature & Platinum Night ANA Coin Auction #1143

 
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Auction Ended On: Aug 11, 2010
Item Activity: 11 Internet/mail/phone bidders
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Location:

Hynes Convention Center
900 Boylston Street
Boston, Massachusetts 02115

Description:

1793 Liberty Cap Large Cent, VF25
'Most Beautiful 1793 Variety,' S-13
1793 1C Liberty Cap VF25 PCGS. S-13, B-20, Low R.4. A small mintage of 11,056 Liberty Cap large cents was achieved by the beleaguered Philadelphia Mint in 1793, with the entire mintage delivered on September 18. Just hours later, the Mint closed down so personnel could be evacuated because of the yellow fever epidemic. The disease had already claimed the life of Mint Engraver Joseph Wright, creator of the Liberty Cap design. The Mint did not reopen until November 12, and no more cents were produced in 1793.
Six die varieties are known for 1793 Liberty Cap large cents, with the present S-13 being the most available. The estimated mintage of the S-13 variety is 7,000-7,200 pieces, and coins in VF25 condition are rare today. S-13 is easily identified by the placement of the L in LIBERTY almost touching the beaded dentils on the obverse, and the triple leaf at OF on the reverse. A poll of EAC members has voted the S-13 the most beautiful of all the 1793 varieties. Wright based the design on the Libertas Americana medal of French medalist Augustin Dupré, commemorating the American victories at Saratoga and Yorktown.
A coin later determined to be an S-13 was described in Edward Cogan's first coin sale on November 1, 1858. Cogan simply described the coin as "Liberty Cap, 1793." The lot realized $7.25 to Joseph Mickley, a huge price to pay at the time. Today, auction appearances are equally exciting. When the finest known S-13 was offered as lot 490 of the Eliasberg Collection (Bowers and Merena, 5/1996), it realized $319,000.
The present coin has even chocolate-brown coloration, with well centered devices and moderate wear on the design elements. The peripheral devices, border beads, and wreath are all pleasingly well detailed. MRB Fine 12. Population: 3 in 25, 19 finer (6/10).(Registry values: N7079) (NGC ID# 223L, PCGS# 1359)

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