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SERIES: Flowing Hair Chain Cents 1793
LEVEL: Year, MintMark, & Major Variety

1793 Chain 1C Periods, BN (Regular Strike)

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PCGS MS66BN


PCGS AU58BN
PCGS #:
91341
Diameter:
27.00 millimeters
Designer:
Attributed to Henry Voight
Weight:
13.48 grams
Edge:
Bars and Vines
Mintage:
36,103
Metal Content:
Copper
Auction Record:
$1,380,000 • PCGS MS65 • 1-3-2012 • Heritage
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35
65,000
4
45+
107,000
50+
135,000
53+
157,500
55
175,000
3
55+
182,500
58
240,000
1
66
2,200,000
1
67
3,500,000
Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 325 R-6.3 2 / 3 2 / 3
60 or Better 2 R-9.9 1 / 3 TIE 1 / 3 TIE
65 or Better 1 R-10.0 1 / 3 TIE 1 / 3 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS66BN PCGS grade

George W. Merritt Collection - Édouard Frossard 1/1879:79 - Édouard Frossard - Lorin G. Parmelee Collection - New York Coin & Stamp Co. 6/1890:668 - Harlan P. Smith Collection - Virgil M. Brand Collection and Estate, sold privately on 2/7/1941 - B.G. Johnson (St. Louis Stamp & Coin Co., sold privately on 2/18/1943 - Abe Kosoff - Oscar J. Pearl Collection - Numismatic Gallery 1944 FPL, lot 3 - T. James Clarke Collection, sold privately in 10/1954 - R.E. Naftzger, Jr. Collection, sold privately on 2/23/1992 - Eric Streiner - Jay Parrino (The Mint) - Heritage 1/2015:4011, $2,350,000

2 MS65BN PCGS grade  

Plated in Walter Breen's Encyclopedia of United States Large Cents 1793-1814 for the S-4 variety.

W. Elliot Woodward 10/1864:603 - Joseph Zanoni - Thomas Cleneay privately - S.H. & Henry Chapman 12/1890:1795 - Charles Steigerwalt - John G. Mills - S.H. & Henry Chapman 4/1904:1227 - George H. Earle, Jr. Collection - Henry Chapman 6/1912:3355 - Henry Chapman - Clarence S. Bement - Henry Chapman 5/1916:286 - Col. James W. Ellsworth - Wayte Raymond, 1923 - William C. Atwater - B. Max Mehl 6/1946:10 - Louis E. Eliasberg, Sr. Collection - Bowers & Merena's 5/1996:487, $132,000 - Spectrum Numismatics - American Numismatic Rarities 7/2004:6, $391,000 - Heritage 1/2012:3020, $1,380,000

3 AU58 PCGS grade

Daniel F. Howorth - Lyman H. Low 9/1910:171 - Charles R. Mathewson 1955 - Copley Coin Company - Dr. William H. Sheldon - Dorothy I. Paschal - New Netherlands 12/1957:887 - Stack's 3/2006:3563, $149,500 - Heritage 8/2012:5019, $211,500

4 AU55 PCGS grade  
4 AU55 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS66BN PCGS grade

George W. Merritt Collection - Édouard Frossard 1/1879:79 - Édouard Frossard - Lorin G. Parmelee Collection - New York Coin & Stamp Co. 6/1890:668 - Harlan P. Smith Collection - Virgil M. Brand Collection and Estate, sold privately on 2/7/1941 - B.G. Johnson (St. Louis Stamp & Coin Co., sold privately on 2/18/1943 - Abe Kosoff - Oscar J. Pearl Collection - Numismatic Gallery 1944 FPL, lot 3 - T. James Clarke Collection, sold privately in 10/1954 - R.E. Naftzger, Jr. Collection, sold privately on 2/23/1992 - Eric Streiner - Jay Parrino (The Mint) - Heritage 1/2015:4011, $2,350,000

2 MS65BN PCGS grade  

Plated in Walter Breen's Encyclopedia of United States Large Cents 1793-1814 for the S-4 variety.

W. Elliot Woodward 10/1864:603 - Joseph Zanoni - Thomas Cleneay privately - S.H. & Henry Chapman 12/1890:1795 - Charles Steigerwalt - John G. Mills - S.H. & Henry Chapman 4/1904:1227 - George H. Earle, Jr. Collection - Henry Chapman 6/1912:3355 - Henry Chapman - Clarence S. Bement - Henry Chapman 5/1916:286 - Col. James W. Ellsworth - Wayte Raymond, 1923 - William C. Atwater - B. Max Mehl 6/1946:10 - Louis E. Eliasberg, Sr. Collection - Bowers & Merena's 5/1996:487, $132,000 - Spectrum Numismatics - American Numismatic Rarities 7/2004:6, $391,000 - Heritage 1/2012:3020, $1,380,000

3 AU58 PCGS grade

Daniel F. Howorth - Lyman H. Low 9/1910:171 - Charles R. Mathewson 1955 - Copley Coin Company - Dr. William H. Sheldon - Dorothy I. Paschal - New Netherlands 12/1957:887 - Stack's 3/2006:3563, $149,500 - Heritage 8/2012:5019, $211,500

4 AU55 PCGS grade  
4 AU55 PCGS grade  
4 AU55 PCGS grade  
7 AU53 PCGS grade

Clarence S. Bement, sold privately - Henry Chapman, sold privately on 1/24/1936 - Judge Thomas L. Gaskill Collection - New Netherlands, sold privately in 11/1956 - Dorothy Paschal Collection, sold privately in 8/1975 - Denis W. Loring Collection, sold privately in 9/1975 - Kenneth M. Goldman, sold privately in 3/1987 - Martin Haber - Caesar Julian Collection - Heritage, sold privately on 8/10/1996 - Dennis Mendelson, sold privately in 12/1996 - Denis W. Loring Collection - Heritage 1/2012:3019, $161,000

8 AU50 PCGS grade
8 AU50 PCGS grade
8 AU50 estimated grade  

S-4.  Burdette G. Johnson, sold privately for $250 - Eric P. Newman - Eric P. Newman Numismatic Education Society - Heritage 11/2014:3084, $176,250

Ron Guth: Several varieties of the 1793 Chain Cent exist.  The "Periods" variety has distinct periods after LIBERTY and the date.  Since neither of these were abbreviations, the presence of the periods is puzzling.

This is the scarcest major variety of the 1793 Chain Cents.  As of July 2011, PCGS had certified only 70 examples, with only one (a single PCGS MS65BN) in Mint State.  Reflective of that fact, no Red-Brown or Red examples are known.

The 1793 Periods Chain Cent is under considerable demand from die variety collectors, major variety collectors, type collectors, and first-year-of-issue collectors.  The fascinating chain design on the reverse is another attraction.


P. Scott Rubin: The record auction price for a large cent was achieved at the Heritage January, 2012 FUN sale, when the 3rd finest Sheldon-4, 1793 Chain Cent with Periods after the date and LIBERTY sold for $1,380,000. This coin is graded MS-65 by PCGS became only the second large cent to sell for over one million dollars at auction. While this beautiful coin has now reached the mark of over a million dollars it is interesting to note at the same sale a PCGS AU-53 coin of the same Sheldon variety and a coin tied for 5th in this issue’s census sold for $161,000. This being said now let us compare the record breaking coin to the finest S-4 known, that coin is graded by PCGS as Specimen-67 and is in a class by itself as the only Specimen graded coin of the issue and an even finer example of this early U.S. Chain Cent issue. The price of this coin must now be considered in the value range that up to now have only been achieved by coins like the 1913 Liberty Head Nickel, the 1804 Dollar and Brasher Doubloons when they reached the auction block.