1793
Chain Cent - 1799 Large Cent - A Set of First and Last Large
Cents 1793 and 1799
The numismatic adventure can be enriched
by acquiring groups of coins in meaningful combinations.
Sets of coins can run from two pieces to many. In the areas
of rare date and early silver and gold coins we have established
certain sets of special interest. They include the first
and last of an issue, type sets, design sets, year sets,
and those that are joined by historical events such as the
Civil War. The coins of each set are specially selected
for you and your collecting needs.
We are specialists in this
area and will expertly and confidentially help you assemble
a set similar to the one you see below, which is made up
of pieces from the US Rare Coin Investments’ archives.
We will cherry pick through millions of dollars of rare
coins selecting only the finest quality pieces for your
collection.
1793
Chain Cent -
The 1793 Chain Cent was the first regular cent coin
issued by the United States Mint. Designed by Henry
Voigt, there are three principal varieties. The AMERI.
version shows an abbreviation because of improper
spacing. The second version has periods after LIBERTY
and the date, while the third has no periods.
The obverse of all Chain Cents shows
a profile of Liberty looking to the left. Her hair
is untied, hence the designation Flowing Hair. LIBERTY
is above the portrait and the date is below. Contemporary
critics said that Miss Liberty appeared to be “in
a fright.”
The reverse shows a fifteen-links
chain motif, intended to represent the unity of the
Union, with each link representing a state at the
time. Within the chain is the denomination ONE CENT
on two lines with the fraction 1/100 below. The legend
UNITED STATES OF AMERICA is at the periphery. The
rims are raised on both sides, and there are no beads
or dentils. The edge is designed with a Vine-and-Bars
pattern.
The illustrated coin is the Periods
variety. Unlike most Chain Cents, it is well struck.
Liberty’s hair and the date are distinct. The
reverse of is sharper than the obverse, which is typical
for the type. All of the letters in the legends are
bold and clear. The chain is so bold that it pops
off the coin.
The surfaces show microscopic porosity,
more so, on the obverse. They are virtually free of
abrasion marks or other distractions with just one
tiny tick in the center below Liberty’s ear,
mentioned for the sake of accuracy. The surfaces are
original with no tooling or burnishing, which is often
found on coins of this era. Known as the S-4 variety,
both LIBERTY and the date are followed by a period.
Both are also closely spaced. On the reverse the word
AMERICA is spelled out. The fraction bar is distant
from the denominator compared to the numerator and
high.
Approximate
cost: G $7,500; VF $35,000; AU50 $100,000;
MS60 $225,000
1799
Large Cent - The 1799 Large Cent
was the last large cent of the 18th century. Designed
by Robert Scot, it is the Draped Bust type. A similar
obverse motif was used by Scot on other early denominations
including half cents, half dimes, dimes, quarters,
half dollars, and dollars. It is believed that the
design came from a drawing by Gilbert Stuart, which
was first used on some silver dollars of 1795.
The coin shows Liberty in profile
facing right. Her hair is tied with a ribbon in the
back but most of it falls to her shoulder with a curl
below the truncation. Each strand of hair ends in
a curl. LIBERTY is above and the date is below.
The reverse shows an open wreath of
laurel tied with a bow. Within the wreath, on two
lines, is the denomination, ONE CENT. The legend UNITED
STATES OF AMERICA surrounds the wreath at the periphery.
At the bottom, between the ribbon ends is the fraction
1/100. Dentils are at the edge on both sides, and
the coin has a plain edge. The 1799 cent appeared
with both an overdate and a normal date.
The pictured coin is an example of
a regular or normal date piece. This rare, nicely
toned 1799 Draped Bust Large Cent has chocolate brown
devices over darker brown fields. The colors attest
to the coin’s originality.
The grade is confirmed by the presence
of some detail in the hair above Liberty’s forehead
and to the left of her eye. The folds of her drapery
are strong. On the reverse the leaves of the wreath
show significant detail. The surfaces are hard and
wonderfully clean for the grade with no abrasions
or other distractions of importance. The coin is identified
as Sheldon 189. The S-189 is a regular date. LIBERTY
is evenly and closely spaced in its usual position.
The second 9 is a little higher and heavier than the
first. On the reverse, the E in UNITED and the F in
OF are heavily recut at the crossbars. There is also
a die chip between the E in ONE and the T in CENT.
Approximate
cost: G $4,500; VF $25,000; XF $100,000
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