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1793 1C Chain, AMERI., S-1, B-1, R.4, VF30 NGC....
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Sold on Sep 14, 2023 for:
$43,200.00
Bid Source: Internet bidder
Description
1793 S-1, B-1 Chain Cent, VF30
Iconic AMERI. Reverse
1793 1C Chain, AMERI., S-1, B-1, R.4, VF30 NGC. When Henry
Voigt created the first dies for the Chain cent, he abbreviated the
word AMERICA on the reverse as AMERI. Modern numismatic students
debate the reason as Walter Breen explained in his Early Large Cent
encyclopedia: "Some have speculated that the abbreviated legend was
deliberate symbolism, after the style of the Masonic Unfinished
Pyramid on the reverse of the Great Seal (copied on the current one
dollar bills). Others insist that it represented a layout problem:
adding the final CA would have made this word end too close to
UNITED." The reasoning of a layout problem seems more likely.
Regardless, the Chain AMERI. cents were our nation's first
circulating coins that were actually struck inside the Philadelphia
Mint building in March 1793. These iconic coins are important to
the monetary history of our nation. This nicely detailed
chocolate-brown example has scattered marks that are consistent
with the grade. A small rim bruise over NI of UNITED will identify
this example.Coin Index Numbers: (NGC ID# 223G, Variety PCGS# 35432, Base PCGS# 1340, GSID# 76717)
Metal: 100% Copper
Weight: 13.48 grams
Weight: 0.47549oz
Mintage: 36,103
Auction Info
2023 September 14 - 17 Long Beach Expo US Coins Signature® Auction #1365 (go to Auction Home page)
Auction Dates
September, 2023
14th-17th
Thursday-Sunday
Bids + Registered Phone Bidders: 37
Lot Tracking Activity: N/A
Page Views: 4,957
Buyer's Premium per Lot:
20% of the successful bid per lot.
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