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    Description

    1793 Periods Chain Cent, S-4, AU58
    Near Census Specimen

    1793 Chain 1C Periods AU58 PCGS. CAC. S-4, B-5, High R.3. In comparison with their competitors of the late 1950s, New Netherlands Coin Company provided exceptional auction cataloging, considered "state of the art" for the time. Even today, the New Netherlands descriptions carry considerable weight among researchers. For that reason, we repeat the firm's description of this specimen, a coin that they called a "Condition Census Crosby 4-C" in their December 1957 auction catalog:

    "EF-40. Light and medium olive, beautifully centered and struck. Unblemished save for minor rim nick left of date and field nicks under T of UNITED, none of these in the least degree disfiguring. Few very minute and inconsequential digs. Traces of red near the chain. Aesthetically pleasing example. As a 40-coin, this is one of the six top examples of the variety, and rates the 50% premium awarded Condition Census coins in the new revision. Ex Mathewson collection."


    The "new revision" was Dr. William Sheldon's Penny Whimsy, published in 1958, a revision of Early American Cents. Today, this piece falls just outside the condition census, but it remains an extremely important offering. Bill Noyes grades this piece VF35, and lists it in an eighth place tie in his census, and Del Bland considers the coin an XF40, placing it in a seventh position tie in his record.
    The 55 year-old New Netherlands description remains accurate today, and we note only a few other minor blemishes, particularly along the reverse border at 7 o'clock. The "traces of red" near the chain suggests the possibility that this piece may have been cleaned, although the cataloger for Stack's in 2006 claimed it was original mint color.
    This intermediate die state specimen has two separate cracks from the obverse border at 8 o'clock, one to the sixth lowest lock, the other toward the 1 in the date. Another crack joins the bases of RTY to the period. There is no evidence of the small cud that appears between the lower cracks on later die state specimens. Our EAC grade XF40.
    At 1794largecents.com, Al Boka describes Charles R. Mathewson as a little known Providence, Rhode Island collector. Employed as a postman, he reportedly obtained many of his best pieces from his rural postal customers. Boston's Copley Coin Company handled his collection in 1955.
    Ex: Daniel F. Howorth (Lyman H. Low, 9/1910), lot 171; Charles R. Mathewson (1955); Copley Coin Company; Dr. William H. Sheldon; Dorothy I. Paschal; New Netherlands Coin Company (12/1957), lot 887; later, Stack's (3/2006), lot 3563.(Registry values: P5) (NGC ID# 223F, PCGS# 91341)


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    Auction Info

    Auction Dates
    August, 2012
    2nd-5th Thursday-Sunday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
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