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Lot
5017

1793 Chain 1C AMERICA Fine 12 PCGS. CAC. S-3, B-4, Low R.3....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 10 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
Fine 1793 Chain Cent
AMERICA, S-3
1793 Chain 1C AMERICA Fine 12 PCGS. CAC. S-3, B-4, Low R.3. The Chain cent is the first issued type of U.S. coinage, and was struck for only a few months before its replacement by the Wreath design. Though all five Chain die varieties are collectible except for NC-1, Sheldon-3 is a bit more available than the others, and is attributed by a high, leaning R in AMERICA. The present example is toned medium tan-brown with lightly abraded and minutely granular surfaces. All legends are clear, with the base of the date and the T in UNITED slightly faint. Most Chain cents are well worn and/or corroded, and the current lot is decidedly above average for the type. Our EAC grade VG10.(Registry values: N2998) (NGC ID# 223F, PCGS# 1341)

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