1793 CHAIN 1C PCGS F 15

Description

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1793 CHAIN 1C PCGS F 15
Grading Service: PCGS
Cert Number: 40798483
SKU: 130670
Coin History
The first coins struck within the premises of the United States Mint were 36,103 large Cents delivered March 1-12, 1793.  These coins display Henry Voigt's Chain design.  Survivors are prized not only for their historical significance and rarity, but also as examples of a one-year type.  In fact, the Philadelphia Mint would go on to strike
two
more types of large Cent before the calender advanced to 1794.  Disappointment with the Chain design seems to have been the primary reason why this type was replaced so quickly.  According to Walter Breen (1988), the March 18, 1793 edition of
The Mail, or Claypoole's Daily Advertiser
carried this unflattering report about the new Chain Cent:
The American cents...do not answer our expectations.  The chain on the reverse is but a bad omen for liberty, and Liberty herself appears to be in a fright.  May she not justly cry out in the words of the Apostle, "Alexander the coppersmith hath done me much evil: the Lord reward him according to his works!"
The next month (April 1793), the Mint introduced the Wreath Cent in an attempt to improve its image among the contemporary public.
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