Large Cents
1793 1C Chain, AMERICA, S-2, B-2, High R.4 -- Repaired -- PCGS Genuine. XF Details. This wide date, no periods variety shows BER spaced apart, and the E in ONE is close to the chain link. The significance of the 1793 Chain cent is well-known to collectors, but Breen summarized it well in his Encyclopedia of United States Large Cents, writing: "They are the first mass production coins in any metal issued by the federal government on its own machinery, and within its own premises. For all practical purposes, these are the first regular issue United States coins." Some 36,108 Chain cents, including all varieties, were reportedly struck, probably in March 1793. The reverse design was quickly denounced for invoking a symbol of slavery, though its intent was undoubtedly to signify the unity and strength of a young nation. Later in the year, a more traditional, less provocative wreath motif was employed.
Most collectors would be delighted to obtain any 1793 Chain cent for their sets, and indeed well-worn examples without virtually any design detail can sell for thousands of dollars. This impressive XF representative is boldly defined with clear portrait detail, strong legends, and razor-sharp chains. Olive-brown surfaces show signs of smoothing and reengraving, but the effect does not diminish the appeal or importance of the coin offered here. Our EAC grade Good 6.
HID02901242017