1793 1C Chain, S-3, BN MS(PCGS#35438)

The Philadelphia Americana Sale

Auctioneer

Stack's

Lot Number

4212

Grade

VF30

Price

32,775

Lot Description

1793 Sheldon-3. Rarity-2-. Chain, AMERICA. VF-30 (PCGS). A very desirable type or variety coin that was struck during the initial months of the operations at the new Philadelphia Mint in 1793. The chain cent design was short-lived and was soon changed to the Wreath Cent design, which also lasted for just a few months before a third design was launched in late 1793, the Liberty Cap. The present coin has attractive dark chocolate color over surfaces which are microscopically rough, typical of copper from this era, but to smaller degree than most. The strike is sharp throughout with good definition on Liberty's curls and the date and legends all clear. For identification there is a very minor nick at the top of N of CENT and a small depression in the right obverse field near the rim at the 4 o'clock position. This issue is needed by variety, date and type collectors alike, and finding a wholesome high grade example like this is a considerable challenge. Housed in an older green label PCGS holder.