1793 S-9 Wreath Cent, MS66+ Brown
1793 1C Wreath, Vine and Bars Edge, S-9, B-12, R.2, MS66+ Brown
PCGS Secure. CAC. This amazing 1793 S-9 Wreath cent is tied
with one other piece for the finest known, according to the Bland
census, and it stands alone as the finest example in the Noyes
census. The bright and glossy surfaces exhibit slight reflectivity
in the fields, supplying a medallic appearance with needle-like
design definition, unobstructed by abrasions or other post-strike
imperfections. Medium brown patina retains considerable original
orange mint color with a tiny spot below the chin that will aid
future identification. The last auction appearance a decade ago
identified this piece as the Crosby plate coin. However, it is
clearly not that coin as this piece is an early die state and the
Crosby plate coin is a late die state. The differences are
Vine and Bars Edge
The Finest Known S-9 Cent
Conventional numismatic wisdom states that 63,353 Wreath cents were struck, mostly in April 1793, and some as late as early July. It is unlikely that any Wreath cents were coined in early March at the time the Chain cents were minted. More likely is the possibility that a small number of Wreath cents were struck in September and delivered with the Liberty Cap cents on September 18. Walter Breen's correlation of delivery dates and varieties is irrelevant for the reasons discussed in the 1793 S-2 cent description, above.
Del Bland grades this piece MS63 and Bill Noyes grades it MS65. A case could be made for either grade per EAC standards. We agree with the MS63 grade. The Grading Guide for Early American Copper Coins was published earlier this year and released at the EAC annual convention in May. For MS63 18th century copper coins, the requirements are:
"The mint luster is full and attractive. The color is original and is light brown to red-brown (Mellowing from the original mint red). The eye appeal is above average."
Bland records 28 Mint State Wreath cents in his census of the early cents, including just two finer examples and five others that he grades MS63, including this coin. Noyes assigns Mint State grades to just 18 Wreath cents, and only one piece is graded finer in his census. Four others are called MS65 in the Noyes listing, including this piece.
PCGS and NGC have certified 65 Mint State Wreath cents, including nine that grade 66. However, this piece is the only example with the Plus designation, and only five finer submissions are certified at the two grading companies (6/14). Here is an extraordinary opportunity to acquire a remarkable representative from the first year of regular issue United States coinage. Our EAC grade MS63.
Ex: Sylvester S. Crosby; Virgil M. Brand (2/7/1941); B.G. Johnson; Oscar Pearl (Numismatic Gallery, 1944 FPL), lot 7; Charles M. Williams (Numismatic Gallery, 11/1950), lot 10; R.E. Naftzger, Jr. (New Netherlands, 11/1973), lot 330; Dr. Fred Yee; World Wide Coin Co.; Steve Ivy Rare Coin Co.; Bowers and Ruddy Galleries; Dr. Herbert I. Ketterman; Auction '82 (Rare Coin Company of America, 7/1982), lot 510; James A. Hayes; RARCOA; Anthony Terranova; Alex Acevedo; Anthony Terranova; R.E. Naftzger, Jr. (2/23/1992); Eric Streiner; Jay Parrino (The Mint); ANA Sale (Heritage, 8/1998), lot 5852; Haig A. Koshkarian (American Numismatic Rarities, 3/2004), lot 8.
From The Collection of Oliver Jung. (NGC ID# 223H, Variety PCGS# 35459, Base PCGS# 1347)
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