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Lot
5064

1793 Chain 1C AMERI. VF20 PCGS. S-1, R.4. The 1793 Chain ...

2003 May St. Louis, MO (CSNS) Signature Sale #318

 
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Offers to date: $34,000 on January 25, 2014
$33,500 on January 14, 2014
$33,000 on January 11, 2014
$32,000 on January 2, 2014
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Auction Ended On: May 1, 2003
Item Activity: 9 Internet/mail/phone bidders
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Location: St. Louis, MO
Description:
Pleasing VF20 Chain AMERI. Cent
1793 Chain 1C AMERI. VF20 PCGS. S-1, R.4. The 1793 Chain AMERI. Cent was the first coin produced in the new Mint in Philadelphia. The word AMERICA was abbreviated to AMERI. on the reverse, and only this single variety was struck before being discontinued in favor of the Wreath design. Since there is only one variety with the abbreviated reverse, and since it is the first regular production coin struck in the Mint, Chain AMERI. Cents are of interest to serious collectors in all grades (and usually they are found in fairly low grade). This particular piece is one of the better specimens we have seen recently. The obverse is well detailed for the grade with individual hair strands visible within the recesses. The all-important reverse is well defined, as always on Chain Cents, with strong details on the individual links of the chain. The peripheral devices are also well defined. Deep, even brown patina covers both sides. It is easily identifiable by a small rim nick over the R in LIBERTY, a larger rim bump at 3 o'clock, and a slight indentation on the rim over the TE in UNITED. An important coin for the serious copper collector.
Ex: Bowers and Ruddy Galleries F.P.L. 1977; Allen F. Lovejoy; Lovejoy Collection (Stack's, 10/82), lot 601; Mike Dunigan. (NGC ID# 223G, PCGS# 1340)

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