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Description

Sharply Defined 1793 S-3 Chain Cent

1793 Chain 1C AMERICA AU53 PCGS. S-3, B-4, Low R.3. The obverse surface has countless minute defects that are almost entirely planchet flaws, in our opinion, representing an improperly refined strip of copper, a common problem in the first year of Mint operations. A few tiny rim bumps are visible, and these appear to be the only post-strike imperfections.
In direct opposition to the obverse, the reverse surface is nearly flawless. Only a few minute defects, rim flaws, and abrasions can be seen. Both sides have lovely medium brown color with traces of darker steel color on the high points. Considerable original mint frost remains, with splashes of lighter tan on the reverse, faded from original mint red.
This example is a later die state. The obverse has prominent clash marks around and below the bust, and the reverse is flowlined with field roughening below UNITED STATES.
There is no question among specialists that Sheldon-3 is the most common Chain cent. Current rarity ratings for the Chain cent varieties suggest that the total surviving population of all varieties is 900 to 1,000 coins, with 400 to 500 examples of the S-3 and about 500 to 600 of all other varieties combined. Working under the assumption that the current rarity ratings are reasonably accurate, we can surmise that the original mintage occurred in about the same proportion. Approximately 18,000 examples of this die marriage were coined, with another 18,000 of the other three Sheldon numbers. EAC 40.(Registry values: N7079) (NGC ID# 223F, PCGS# 1341)

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Auction Info

Auction Dates
July, 2007
12th-13th
Internet/Mail/Phone Bidders: 15
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Page Views: 1,340

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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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