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    Description

    1793 Chain AMERICA Cent, S-3, B-4
    Choice XF, Excellent Type Coin

    1793 Chain 1C AMERICA XF45 PCGS. S-3, B-4, Low R.3. The 1793 Chain large cents were the first coins of any denomination minted at the first Philadelphia Mint, and the Mint would strike only copper coinage until 1794, when it made its first issuances of silver dollars, half dimes, and half dollars.
    The Mint made only copper half cents and large cents in 1793, the half cents of a single design type today called Liberty Cap, Head Facing Left, and the large cents falling into three main types: Flowing Hair, Chain Reverse; Flowing Hair, Wreath Reverse; and the Liberty Cap type, which continued through 1796, when it was superseded by the Draped Bust type.
    Five die pairings are known of the 1793 Chain cents, of which the S-1, B-1 is the famous abbreviated 1793 Chain AMERI. cents. The other four Chain cents, S-2 through S-4 and the noncollectible Sheldon-NC1, feature the spelled-out AMERICA on the reverse. The S-3, B-4 die pairing of the present piece can be easily attributed by the large, high, right-leaning R in LIBERTY, with the bases of RT more closely spaced than the other letters. The date is closely spaced, with the tops of the 1 and 9 above those of the 7 and 3.
    This Choice XF example shows deep, even brown patina over each side with charcoal outlining the reverse devices. A couple of minor rim bumps appear on the obverse, a double bump at 4 o'clock on the obverse and a smaller one at 8:30. Liberty's hair strands are relatively well-defined and show a pleasing amount of detail. As is usual for the type, however, the chain on the reverse is much better-defined than the obverse device. The S-3 is somewhat more available than the S-4 variety at High R.3, making this piece an excellent selection for type purposes. Our EAC grade VF25.
    Ex: Long Beach Signature (Heritage, 2/2007), lot 2097, where it brought $51,750.(Registry values: N7079) (NGC ID# 223F, PCGS# 1341)


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    Auction Info

    Auction Dates
    February, 2012
    2nd-5th Thursday-Sunday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
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    Rasmussen Special Edition Catalog
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