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Borderline Uncirculated 1793 Chain Cent

1793 Chain 1C AMERICA AU58 PCGS. S-3, Low R.3. Die State I, without clash marks near profile. A glossy and exquisitely detailed chocolate-brown near-Mint example of this famous early Large Cent type. A few tiny marks are found on the obverse field, a moderate mark on the jaw is all that requires singular mention. The reverse is uncommonly smooth aside from a pinscratch near the chain beneath STATES. This mark, while noticeable, is largely subdued by subsequent natural toning.
Chain Cents were struck only briefly in 1793, replaced by the more available Wreath Cent type, presumably due to contemporary criticism of the chain device. The March 18, 1793 edition of Philadelphia's
The Mail, or Claypoole's Daily Advertiser stated the opinion, "The chain on the reverse is but a bad omen for liberty." Only five die pairs were struck of the Chain type. Among these, Sheldon-3 is identified principally by the location of the 3 in the date, which is right aligned with the tip of the bust, and the location of the R in LIBERTY, which was entered high and tilted to the right. The variety, while scarce in all grades, can be obtained with patience in well worn and corroded condition, sometimes attributable only by the R in LIBERTY since the date may be faint or absent altogether. Sharp examples that retain their mint gloss are extremely rare, and in demand from both early copper specialists and determined type set collectors.
From The Joshua and Ally Walsh Collection of United States Cents.(Registry values: N7079) (NGC ID# 223F, PCGS# 1341)

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Auction Info

Auction Dates
January, 2006
3rd-7th Tuesday-Saturday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 1,242

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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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