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Lot
2664

1793 Chain 1C Periods VF20 PCGS....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 12 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Pleasing VF-20 1793 Chain Cent, S-4
1793 Chain 1C Periods VF20 PCGS. S-4, B-5, High R.3. Breen Die State III. For certain early copper issues, especially Chain cents, the grading services tend to forgive surface problems such as corrosion, planchet flaws and porosity. This is understandable considering that most of these early coppers were struck on already-doomed planchets or succumbed to the elements over the years. As a result, one certified VF20 could have far superior surface quality and subsequent eye appeal than the next VF20. In this regard, the example offered here is far above average. The planchet is amazingly smooth for the issue and the surface coloration is a consistent, light milk-chocolate throughout. Three small obverse ticks, although not distracting, are identified here for the sake of full disclosure.
This is S-4, also known as the With Periods variety, due to the presence of a period after LIBERTY and also the date. In the case of this coin, only the period after the legend is obvious. The localized weakness in the area to the right of the date is observed on many S-4 Chain cents and is the direct result of a slight die misalignment; the obverse rim is usually bold from 7 o'clock to 2 o'clock, yet comparatively weak in the lower right quadrant. The reverse legend is complete, with the central detail being bold as usual. Although not the scarcest of the four collectible 1793 Chain cent varieties, S-4 is seen about half as often as its S-3 counterpart. A pleasing, mid-grade piece that would be a welcomed addition to any collection. Population: 18 in 20, 92 finer (12/07). EAC 10.(Registry values: P5) (PCGS# 91341)

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