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1793 Chain 1C AMERI. VF35 NGC. S-1, B-1, R.4....
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Sold on Aug 3, 2012 for:
$44,062.50
Bid Source: Live: Floor bidder
Description
Choice VF 1793 Chain Cent
AMERI. Reverse, S-1, B-1
1793 Chain 1C AMERI. VF35 NGC. S-1, B-1, R.4. Die State III,
with clash marks from the chain faintly visible in the space under
the truncation of the bust. The S-1 or B-1 is the simplest of the
Chain cent varieties to attribute, as it is the only one to use the
abbreviation AMERI. for AMERICA on the reverse. (Why the engraver
chose such an abbreviation, which manages to save a grand total of
two letters on a word that has plenty of space on either side, is
another question entirely. Walter Breen, in fine conspiratorial
form for his Encyclopedia of United States Large Cents,
suggested a connection with the unfinished pyramid on the Great
Seal of the United States and dragged the Masons into it.)Whatever the reason, the first coins struck at the U.S. Mint (a sequence created from knowledge of the overlapping uses of dies) did not bear the country's full name, though subsequent Chain and later cents do. This quirk is one of the defining features of the issue, a signature detail that is easy to spot even on extremely worn examples and a clear marker of such coins' place in history.
As with many S-1 Chain cents, this piece has weak device detail, and so the grade largely comes down to surface. Cinnamon-orange and violet overtones enhance deep brown surfaces that retain considerable luminosity while showing their share of small to moderate marks. A "ring spot" of toning appears to the right of Liberty's profile, though potential bidders should not concern themselves with the seeming vertical flaw bisecting the portrait, for that is a holder-scratch not on the coin itself. Our EAC grade VF20.
From The Rocky Mountain Collection.(Registry values: P5)
Coin Index Numbers: (PCGS# 1340, GSID# 1212)
Metal: 100% Copper
Weight: 13.48 grams
Weight: 0.47549oz
Mintage: 36,103
View all of [The Rocky Mountain Collection ]
Auction Info
2012 August 2-5 US Coins Signature Auction- Philadelphia #1173 (go to Auction Home page)
Auction Dates
August, 2012
2nd-5th
Thursday-Sunday
Bids + Registered Phone Bidders: 29
Lot Tracking Activity: N/A
Page Views: 3,085
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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