1793 Chain Cent Auctions for 2.35 Million !

[DonDigger]

Wow! Just saw this and passing it along.

1793 penny sells for $2.35 million at Florida auction

 

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[jeff of pa]

The penny is known as a "chain cent" because the design on the back is a chain with 13 linking rings symbolizing the unity of the original 13 colonies.

actually there are 15 linking rings on a chain cent.

there were 15 American states in existence at that time.

 

[pong12211]

That's one I would like to add to my collection.

 

[TrpnBils]

It touches on this a little bit but I wonder what the history is on a coin like that.... it's in such good shape I'd almost have to assume that it's been in a private collection of one kind or another almost since it was minted.

 

[jeff of pa]

yes I agree.

in the hands of one of the first U.S. coin collectors

Maybe even someone who helped Mint them

 

[TrpnBils]

kind of a shame to think that our current coinage will never be in that kind of demand because of how much has been minted....even the metal it's made from isn't worth much. Who knows though, maybe SBA dollars will be in high demand in a hundred years since they had a short mintage (or the Sacajawea dollar, perhaps?).

 

[jeff of pa]

kind of a shame to think that our current coinage will never be in that kind of demand because of how much has been minted....even the metal it's made from isn't worth much. Who knows though, maybe SBA dollars will be in high demand in a hundred years since they had a short mintage (or the Sacajawea dollar, perhaps?).

I was going to Like your post till you mentioned SBA & Sack-of-Jawea

 

[CincinnatiKid]

Is still like it.
In the future, I doubt coins or paper money �� will be minted or printed. We'll be implanted with chips a birth that record every move we make and in adulthood, what we're worth. A simple read of chip will allow or decline payment.
Future treasure hunters will collect old chips and their various types.
Peace ✌

 

[ARC]

yes I agree.

in the hands of one of the first U.S. coin collectors

Maybe even someone who helped Mint them

No... that is one that just came up missing last week from that cornerstone time capsule.

 

[TrpnBils]

I was going to Like your post till you mentioned SBA & Sack-of-Jawea

You never know!

 

[H-2 CHARLIE]

Could one ever be dug up ?
Who knows how many were minted guessing in Massachusetts

 

[jeff of pa]

Could one ever be dug up ?
Who knows how many were minted guessing in Massachusetts

Yes Several members here have dug them.
Like GW buttons They are not Super Rare to Detectorists with luck.

Just to Books . & in the Above Condition.

and If I'm not mistaken Philadelphia held the First American Mint.
I'll have to look though

 

[jeff of pa]

Without a doubt, the 1793 Chain Cent is amongst most famous and shortest-lived issues of American coinage ever produced. Struck during the first year of regular coinage production at the United States Mint in Philadelphia, its design was criticized in the year of issue, but has come to be cherished by modern collectors.

1793 Chain Cent - Coin History, Mintage, and Values

 

[Msbeepbeep]

ARRC It would not surprise me at all!

 

[Professor of Engineering]

WOW! That is one of the most beautiful old coppers minted. The detail on Liberties hair is absolutely stunning!

 

[UnderMiner]

I agree with the people from 1793, the design doesn't look that great in my opinion. Draped Bust looks better (or as I call it, the Draped Busty )

 

[jeff of pa]

I agree with the people from 1793, the design doesn't look that great in my opinion. Draped Bust looks better (or as I call it, the Draped Busty )

they didn't like the chain, because they felt it represented slavery.

Yes Waaa ! - Waaa ! Waaa !

Started way back then