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

The Regency Auction 31

拍卖行

Legend Rare Coin Auctions

批号

7

等级

F15BN

价格

125,803

详细说明

Sheldon-3, which is a low R-3 and the most "common" variety for the type. That does not meant these are common, especially when approved by CAC. Normally these come corroded, scratched, smoothed, or otherwise damaged. While this example is lower grade, extensively circulated to the Fine range, the surfaces are remarkably smooth, and free of any kind of serious marks. The copper planchet was of good, hard metal before striking without fissures or imperfections that would attract environmental damage. The surfaces are devoid of all but the most insignificant contact marks from its time in early federal commerce. All the details are fully visible, though there are a few areas of weakness from the strike, which is normal. The central portions of the design: Henry Voigt's flowing haired portrait of Liberty and the chain links are all bold. The Chain cents were struck early in 1793, among the first coins coined in the first federal mint. A total of 36,103 were struck between February 27 and March 12, utilizing five distinct die pairings, all of which are scarce to so rare, Sheldon called it not collectible. As a coin with so much history, collectors have been drawn to the issue since the earliest days of coin collecting in the United States. Today, most collectors can only dream of owning one of the low grade and/or damaged pieces, which even barely identifiable, coins still command low four figure prices. A pleasing and generally problem free, though heavily circulated coin like this will see very strong bidding from collectors with good taste. PCGS 35, NGC 4, CAC 2. Neither CAC coins have appeared in auction. PCGS-graded coins have sold in the $15,600 to $22,325 range between June 2014 and June 2018. In June 2008, one sold for $29,900 and even a recent NGC coin sold in the 2018 ANA auction for $19,200. This PCGS/CAC coin should see bidding that brings the final price realized close to the current Collector's Universe value of $24,000. Very scarce and in demand in all grades, the Chain cent is one of the true "blue chips" of American numismatics and this will make a great addition to any type set. Cert. Number 14920867 PCGS # 1341