1793 Chain AMERICA, Periods, S-4, AU50
1793 Chain 1C Periods AU50 NGC. S-4, B-5, R.3. Die State
III. The periods on the obverse after the date and LIBERTY identify
this die marriage, which is less often encountered in better grades
than the "Leaning R" Sheldon-3. The L and B are too low, the LI
nearly touch, and the R is a corrected B. Moderate wear on
Liberty's ear and the nearby curls define the grade, while the
peripheral details and low relief hair are splendidly detailed. All
legends are bold, including UNITED STATES OF AMERICA which in much
lower circulated grades vanishes due to the lack of a prominently
raised rim. In this die state two die cracks meet near the rim
behind the lower curls, and several of the letters of LIBERTY are
connected by a die crack through their bases.
In the catalog of the fabled Walt Husak Collection (Heritage, 2/2008, lot 2003), we noted:
"The engraver of this obverse included periods after the date and LIBERTY. The engraving style is entirely different from the previous obverse dies, and it is likely that the Periods obverse is from a different hand. Walter Breen believed that similarities between this piece and the 1792 pattern quarter [Judd-12, 13], which also has periods as part of the design, point to Joseph Wright as the engraver."
The rich mahogany-brown surfaces are smooth and lack the granularity or verdigris that usually accompanies survivors of this famous inaugural type. The reverse has a few minor rim dings, and a couple of faded and small marks are noted in the obverse field near the date and Liberty's nose. An impressive example that challenges the lower ranks of the Condition Census for the die marriage. EAC 35.
From The Joseph C. Thomas Collection.(Registry values: P5) (NGC ID# 223F, PCGS# 91341)
View all of [The Joseph C. Thomas Collection, Part Two ]
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