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Description

1793 Chain Cent, S-3, Fine 12
Popular One-Year, First-Date Type Coin

1793 Chain 1C AMERICA Fine 12 PCGS. S-3, B-4, Low R.3. Only 36,103 Chain cents were minted in 1793, with five varieties known for the issue. The present coin is an example of the S-3 variety, characterized by the large, high R in LIBERTY and the word AMERICA fully spelled out on the reverse. While S-3 is the most available variety of Chain cent, it is still a scarce issue in all grades. Enormously popular with collectors today, the Chain cent was not well received by the public in 1793. Many people interpreted the chain as an emblem of subjugation, rather than a symbol of union. The design was soon replaced by the wreath motif, creating a one-year type coin for collectors.
The present coin is a pleasing example, with all lettering clearly readable and much detail evident on the devices. The planchet shows slight porosity, but the surfaces are original, with attractive medium brown patina. MRB VG10.(Registry values: N2998) (NGC ID# 223F, PCGS# 1341)

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Auction Info

Auction Dates
Apr-May, 2010
28th-2nd
Internet/Mail/Phone Bidders: 12
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Page Views: 1,467

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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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