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    1793 S-4, B-5 Chain Cent, XF40
    Periods at Date and LIBERTY

    1793 1C Chain, AMERICA, Periods, S-4, B-5, R.3, XF40 PCGS. Breen Die State I, featuring a faint die crack and bulge from the obverse border at 7:30 to Liberty's lower hair lock. A well-established emission sequence for the Chain cents suggests that this variety was the last produced of the design. The hair is styled differently than on the earlier varieties, suggesting a different engraver. In his Encyclopedia of United States Large Cents, Walter Breen suggested that Joseph Wright might have engraved the obverse die:

    "On this obverse die, the hair is so differently treated from the rest as to suggest a different engraver. Perhaps this was a sample die by Joseph Wright leading to the engravership. Wright's 1792 pattern quarter obverse has a similarly soft treatment of the hair, and a period after LIBERTY."

    Current rarity ratings suggest that about 12,000 coins were from the With Periods die pair. Breen suggested a lower figure of "probably over 8,800." Based on the current rarities, there are probably just over 1,000 Chain cents of all varieties that still exist today, including about 350 examples of the S-4, B-5 variety that has periods on the obverse. Those coins were likely included in the final two or three deliveries of Chain cents, March 8-12, 1793. While the surfaces have trivial, scattered marks, both sides exhibit splendid olive-brown toning with splashes of steel-brown. Our EAC grade VF30.

    Coin Index Numbers: (NGC ID# 223F, Variety PCGS# 35444, Base PCGS# 91341)

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    August, 2019
    14th-18th Wednesday-Sunday
    Bids + Registered Phone Bidders: 30
    Lot Tracking Activity: N/A
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