***Auction Highlight*** 1793 Chain AMERICA Flowing Hair large cent S-3 R-3 1c Graded f15 By SEGS (fc

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  Lot #6582  (Sale Order: 2829 of 2977) 
Sold for: $25,000.00 to onsite
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***Auction Highlight*** 1793 Chain AMERICA S-3 R-3 Flowing Hair large cent 1c Graded f15 By SEGS. A classic of American numismatics for generations, the 1793 Chain cents are the first coins put into large-scale production at the newly opened Mint facilities in Philadelphia. Originally intended to be coined at a weight standard of 17.11 grams, this was proven to be unusable prior to production and was reduced to 13.48 grams. The first of three different cent designs used in 1793, Henry Voigt's dies were ready by February and the entire mintage of 36,103 Chain cents was accomplished in eight batches between February 27 and March 12 using five separate die pairings. The mintage for the Sheldon-3 variety with AMERICA spelled out fully and with periods on the obverse as represented here, is thought to have comprised the bulk of the deliveries from March 2 through 8 totaling as many as 18,000 coins. Unfortunately for Voigt, the design was roundly criticized from the outset saying that the disheveled Flowing Hair bust was unbecoming and the chains on the reverse more indicative of bondage and slavery than anything else, an observation made even more apparent from specimens struck from clashed dies that gave the appearance of a wreath of chains around Liberty. Despite the criticisms, the new cents entered circulation where they suffered from all sorts of trials and tribulations. Today, the vast majority of specimens are not only found in low grade, but also heavily impaired or damaged. Undamaged mid-grade examples are as scarce as they are in perpetual demand, so expect lively competition to acquire this specimen for an advanced large cent cabinet or type set. A Key Date's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin. I give this coin my highest recommendation

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This item is part of Key Date! April Kickoff Rare Coin Auction 13 pt 2
 Thursday, Apr 4, 2024 | 10:00 AM  Eastern
 
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***Auction Highlight*** 1793 Chain AMERICA Flowing Hair large cent S-3 R-3 1c Graded f15 By SEGS (fc
***Auction Highlight*** 1793 Chain AMERICA Flowing Hair large cent S-3 R-3 1c Graded f15 By SEGS (fc
Lot number: 6582
Seller: Key Date Coins
Event: Key Date! April Kickoff Rare Coin Auction 13 pt 2
Ends: Thursday, April 4 | 10:00 AM  Eastern

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