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Attractive 1793 S-3 Chain Cent VF20

1793 Chain 1C AMERICA VF20 PCGS. S-3, Low R.3. The Leaning R variety, with the R in LIBERTY large, high, and leaning to the right. The Chain cents were the first coins produced at the nascent Philadelphia Mint after construction was completed in 1792. Actual coinage had to wait until equipment was in place and other issues taken care of. Copper scrap had already been acquired during the later months of 1792. Copper scrap on hand for coinage amounted to 6,345 pounds, enough to produce more than 200,000 large cents. Once all was ready, a small coinage of 36,103 Chain cents was produced in late February and early March of that year, with deliveries taking place during the first 12 days of March. Walter Breen stated that coinage halted for lack of blanks, suggesting that the available copper had not yet been made into planchets, or that much of it was used for other purposes. Although not applicable in 1793, some copper was necessarily used as alloy for silver and gold that was deposited over the next few years and beyond.
The surfaces are deep brown, with lighter-brown accents over the devices. Numerous small abrasions are scattered about, as well as a few minor rim bruises on the reverse, but there is no evidence of porosity or corrosion, as often seen on these early copper coins. EAC 8.(Registry values: N4719) (NGC ID# 223F, PCGS# 1341)

Service and Handling Description: Coin/Currency (view shipping information)

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Auction Dates
August, 2006
Internet/Mail/Phone Bidders: 8
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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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