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Lot
5087

1793 Chain 1C AMERI. VG10 PCGS. S-1, R.4. An impressive ...

2003 May Long Beach Signature Sale #324

 
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Auction Ended On: May 29, 2003
Item Activity: 6 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Lower Grade Chain AMERI. Cent
1793 Chain 1C AMERI. VG10 PCGS. S-1, R.4. An impressive example of the Chain AMERI. Cent--one of the most desirable and highly sought after of all United States coins. While Chain AMERI. Cents are enormously popular today, contemporary public outcry demanded a new design in early 1793, after the press and Philadelphia locals complained that "Liberty was in chains." The Mint complied by completely redesigning the Cent, not once but twice, in 1793 alone. This piece shows numerous small abrasions on each side, but the obverse shows a rather dense cluster around the figure of Liberty. The chain and other reverse devices are sharply defined, as always seen on Chain Cents, relative to the lack of detailing seen on the obverse. Most easily attributed by a reverse rim bump at 7 o'clock, and a vertical abrasion or planchet flaw on the lower reverse, also located at about 7 o'clock. Mislabeled on the PCGS insert as an AMERICA variety rather than the much scarcer AMERI. (NGC ID# 223G, PCGS# 1340)

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