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Remarkable Choice AU 1793 Chain Cent

1793 Chain 1C AMERICA AU55 PCGS Secure. S-2, B-2, High R.4. Of the so-called "collectible" Sheldon varieties of Chain cent, the S-2 is most challenging, being very scarce and a borderline rarity regardless of grade. (This statement necessarily excludes the NC-1 die pair, which has just a couple of coins known.) The letter R in LIBERTY is low relative to other obverses, with the bottom of that letter nearly parallel to the lowest serifs on the nearby T. The in-common reverse shows the 1 in the numerator of the fraction at center-right over the first 0 of the denominator and nearly touching the N of CENT.
With all Chain cent die pairs being genuinely scarce, there are far fewer of these historic coins than collectors to demand them. The effect becomes more pronounced with higher grades, and even midrange representatives such as VF20 coins pose a substantial challenge while commanding a sizable sum. A coin in the AU or Mint State range is genuinely rare even when all die pairs are taken together, which makes this Choice AU coin all the more noteworthy.
Still-glossy surfaces are rich medium-brown with an olive overtone. The central definition on the obverse is soft, yet the reverse chain-links have crisp outlines, and the all-around wear is minimal. The soft copper has picked up a few abrasions over the years, including one on the cheek and a graze that seems to underline the F in OF on the reverse, but the all-around eye appeal makes this a piece any collector with an appreciation for early U.S. coinage would be proud to own. For the AMERICA, No Periods varieties together, Population: 11 in 55, 11 finer (11/12). Our EAC grade XF45.(Registry values: N7079) (NGC ID# 223F, PCGS# 1341)

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Auction Dates
January, 2013
9th-14th Wednesday-Monday
Internet/Mail/Phone Bidders: 8
Lot Tracking Activity: N/A
Page Views: 2,611

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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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