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Description

Lovely 1793 S-1 Chain AMERI Cent

1793 Chain 1C AMERI. S-1, B-1, Low R.4. Fine 15 NGC. Fine 12 EAC. Considered the first Chain cent produced, and struck at the end of February 1793, the first coinage of the fledgling United States Mint after the facility was ready for operations. The abbreviated legend on the reverse almost certainly represents a layout problem that resulted from the engraver's inexperience. In his Encyclopedia of United States Large Cents, Walter Breen commented upon the belief of some who suggested that the abbreviated legend was "deliberate symbolism, after the style of the Masonic Unfinished Pyramid on the reverse of the Great Seal."
Considering the usual appearance of the Chain Cents, this is a remarkable example. Despite a few minor reverse rim bruises, the overall eye appeal is excellent. Surfaces have desirable light brown color and are exceptional for their quality. A small linear depression just below and right of the period following AMERI is the single identifying characteristic of this lovely cent. For the collector seeking an example of our nation's first coinage, this is an excellent candidate. Only a couple dozen finer examples are known. An intermediate die state with minor obverse and reverse bulges. Envelope Included.(Registry values: P5) (NGC ID# 223G, PCGS# 1340)

Service and Handling Description: Coin/Currency (view shipping information)

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Auction Info

Auction Dates
January, 2006
23rd-28th
Internet/Mail/Phone Bidders: 8
Members Tracking: N/A
Page Views: 1,811

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Rasmussen Special Edition Catalog
This hard bound volume contains the magnificent Wes Rasmussen Large Cent Collection, formed by a former President of the Early American Coppers society which was auctioned at the 2005 Florida United Numismatic Auction. Reserve your copy of this remarkable volume for just $75 today.
Rasmussen Signed Limited Edition Catalog
A hard bound limited library edition of the Wes Rasmussen Collection Catalog, signed by Wes Rasmussen, Mark Borckardt, Greg Rohan, and Denis Loring, is available while supplies last. Only 100 produced. Reserve your copy of this remarkable limited edition signed volume for just $150 today.

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Needless to say I was overwhelmed by the results of the auction and I truly believe it was Jill’s efforts in promoting and displaying the piece that brought in the extra value.
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