Fabulous Fall Coin Consignments Auction 3 of 7 Day - 3
By Key Date Coins
Oct 20, 2021
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States

600+ Lots of premium Numismatics from around the Country including; Morgans, Peace $'s, Rare Type coinage, Rare Gold, Lg cents, ½ cents, Indians, Bust coinage, Barber coinage, Buffalo's, Currency, VAM's, Varieties, Errors, NGC/PCGS/SEGS Slabs, Original rolls of Morgans plus much, much more.....
The auction has ended

LOT 766:

***Auction Highlight*** 1793 Chain Ameri. Flowing Hair large cent 1c Graded vg10 By SEGS. These were the first ...

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Sold for: $12,500
Start price:
$ 25
Estimated price :
$10,500 - $21,000
Buyer's Premium: 20%

***Auction Highlight*** 1793 Chain Ameri. Flowing Hair large cent 1c Graded vg10 By SEGS. These were the first cents made pursuant to the Act of January 14, 1793 at the new legal weight of 208 grains (13.48 grams), reduced from an impossibly high 264 grains (17.11 grams). 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.1Use of a Liberty head design was inevitable because of the terms of the Mint Act of April 2, 1792, mandating "a device emblematic of liberty." Her unbound hair was meant to symbolize freedom; instead, what its disheveled look then suggested was failure of respectability, either savagery or, more often, madness. This explains such criticisms as Carlile Pollock's comment5 in a letter to General Williams, January 25, 1796:“A plough and a sheaf of wheat would be better than an Idiot's head with flowing hair, which was meant to denote Liberty, but which the world will suppose was intended to designate the head of an Indian squaw.”Another notably an anonymous gibe at the "wild squaw with the heebie jeebies, " supposedly ante- dating by over a century Billy DeBeck's coinage of the phrase in Barney Google.7The endless chain device deliberately echoes the reverses of Continental notes of February 1776, the 1776 Continental Currency tin alloy penny, and the 1787 Fugio coppers. This was an unfortunate choice as, to many (then as now), a chain connoted not strength, but slavery. The 1776 prototype, with 13 links for the 13 United Colonies, was Benjamin Franklin's contribution, copied in 1787 by Abel Buell for the Fugios or "Congress Coppers." The 1793 revision with 15 links, for the 15 states then in the Union, most likely came from a sketch by David Rittenhouse. Either version of the design posed tricky geometrical problems, most likely an attempt to discourage would-be counterfeiters. A Corey'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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