1793 S-3, B-4 Chain Cent, XF40
1793 Chain 1C AMERICA XF40 PCGS. S-3, B-4, Low R.3. The
Philadelphia Mint used four obverse and two reverse dies to strike
36,103 Chain cents during the first two weeks of March 1793. The
obverse depicts a right facing portrait of Liberty with flowing
hair. The word LIBERTY is at the upper periphery and the date is
below. The reverse is simply designed with the denomination ONE
CENT 1/100 within a chain of fifteen links. The legend UNITED
STATES OF AMERICA (or AMERI. on the first reverse die) encircles
the border. These were the first regular issue coins struck under
the authority of the federal government within the walls of the
Philadelphia Mint. The limited number of coins delivered was due to
the short supply of copper planchets, and the eclipse of the design
after only one year of production probably signifies the public's
criticism of both the obverse and reverse motifs.
Ideal Type Set Coin
Current rarity ratings for the five known varieties suggest that about 1,000 to 1,200 exist today, or about 3% of the original mintage. Perhaps as many as 500 of those coins are the S-3 die pair offered here. Most of those coins are low grade and/or impaired, in part because the lack of a raised border failed to adequately protect the devices.
Both sides of this pleasing example are remarkably distraction-free despite having seen 20 points of wear. There are clash marks from the chain links around Liberty's portrait, as well as a few isolated areas of roughness in the planchet. We stress, however, that these features do not detract from the impressive overall eye appeal. Rich chocolate-brown color blankets both sides, with warm olive-gold highlights intermixed on the reverse. A boldly detailed example for the advanced collector. Our EAC grade VF25.
Ex: Bob Bisanz U.S. Type Set (Heritage, 1/2001), lot 6104.(Registry values: N7079) (NGC ID# 223F, PCGS# 1341)
Weight: 13.48 grams
Metal: 100% Copper
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This hard bound volume contains the magnificent Wes Rasmussen Large Cent Collection, formed by a former President of the Early American Coppers society which was auctioned at the 2005 Florida United Numismatic Auction. Reserve your copy of this remarkable volume for just $75 today.
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