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    1793 S-3, B-4 Chain Cent, AU53
    From the Halpern and Loring Collections

    1793 1C Chain, AMERICA, S-3, B-4, Low R.3, AU53 PCGS. CAC. Ex: Halpern-Loring. The obverse die, appearing only on S-3, has a large R in LIBERTY that leans to the right, suggesting a "Leaning" R nomenclature to some. The reverse die has AMERICA spelled in full, appearing on four of the five known Chain cent varieties (S-2, S-3, S-4, and NC-1).

    When Walter Breen prepared the manuscript for Encyclopedia of Early United States Cents 1793-1814, he built upon the work of previous students and numbered the early cent varieties in the order he believed they were struck. He took that study a step further and attempted to assign a "mintage figure" for each variety and correlate those figures with original delivery dates, presenting the actual dates for the mintage of each variety. His study seemed logical. However, the limited sample of surviving early cents, especially those of 1793, is insufficient for a statistical study. While an emission sequence is plausible on its own, any further correlation is impossible, in this cataloger's opinion.

    Breen Die State III, with heavy obverse clash marks. The reverse field is wavy, especially below UNITED, a result of die resurfacing or, as Breen writes, "grinding away the clash marks." Choice surfaces exhibit chocolate-brown interspersed with light tan that offers traces of frosty luster. Some apparent field roughness is exclusively a result of the late die state, with a small patch of magenta on the reverse. A tiny reverse rim bruise at 2 o'clock is the only blemish. Our description is virtually identical to the Stack's description in 1988:

    "Light brown and olive toning, with hints of original color in and around the devices on the reverse. A trifle softly struck at the centers, with a minuscule reverse rim nick. The obverse surfaces as nice and clean as anyone could expect on a large cent of this series. Apparently tied for 6th finest known of this popular variety."

    This lovely cent was graded XF45 in the Halpern catalog, and that grade is equally appropriate today. Although the Loring specimen is not enumerated therein, the Bland census of the finest known examples includes five coins that grade MS63 down to AU50 and five others graded XF45, all tied for sixth finest known. Our EAC grade XF45.
    Ex: Herman Halpern (Stack's, 3/1988), lot 2; McCawley & Grellman (8/1995), lot 134; Denis W. Loring; Heritage (1/2012), lot 3018; Central States Signature (Heritage, 4/2015), lot 4914; Central States Signature (Heritage, 4/2019), lot 3670.
    From The Warshaw Family Collection, Part IV.

    Coin Index Numbers: (NGC ID# 223F, Variety PCGS# 35438, Base PCGS# 1341)

    Weight: 13.48 grams

    Metal: 100% Copper

    View all of [The Warshaw Family Collection, Part IV ]

    View Certification Details from PCGS

    Auction Info

    Auction Dates
    June, 2021
    17th-20th Thursday-Sunday
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    Rasmussen Special Edition Catalog
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    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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