Anyone seen this FUN Chain Cent?

JOsborne · January 4, 2019 3:53AM

https://coins.ha.com/itm/large-cents/1793-1c-chain-ameri-s-1-b-1-r4-ms64-brown-pcgs-secure-cac/a/1291-4312.s?ic4=GalleryView-Thumbnail-071515

Anyone seen this coin in hand? Thoughts?

BillJones · January 4, 2019 5:10AM

Yes, I saw it as soon as I received the catalog with the piece on the cover. It’s been exhibited at some FUN shows in the non competitive category which probably means few people took the time to look at it.

specialist · January 4, 2019 5:22AM

The coin is amazing.....It could have 65'd. I love the coin. Its so original.

originalisbest · January 4, 2019 6:31AM

Pretty amazing looking gem. That would be noteworthy in anyone's collection (pretty much stating the obvious I guess.)

jdimmick · January 4, 2019 6:49AM

Have not seen in person, but its simply stunning based on the photo's, would be a good match to my 1794, problem is, this one is not in my budget!!!

Treashunt · January 4, 2019 6:51AM

truly amazing

ricko · January 4, 2019 6:55AM

That is a beautiful Chain Cent.... I still hope to find one of those in the old stone houses/foundations in this historical area (Yes, there are houses here from the late 1600's and on). Cheers, RickO

numbersman · January 4, 2019 7:12AM

My mouth won't stop watering!

Colonialcoin · January 4, 2019 7:15AM

I love the EAC 55 grade! This Chain set is going to bring some decent money no matter what the “grade”.

messydesk · January 4, 2019 7:46AM

Gorgeous.

asheland · January 4, 2019 8:00AM

Beautiful example!

Zoins · January 4, 2019 8:12AM

It's nice that Heritage is using PCGS images now which I noticed a little while back. This way the image will be retained by Heritage even if the coin drops out of cert verification for whatever reason.

Here's the full TrueView.

https://www.pcgs.com/cert/35744104

ElmerFusterpuck · January 4, 2019 8:23AM

I could sell off my house and get this astounding coin - but then it would be hard living under a Chain Cent!

I wish Heritage would twirl the coin around in the video, in hand. That would really show it off!

JimTyler · January 4, 2019 8:26AM

@JOsborne said:
https://coins.ha.com/itm/large-cents/1793-1c-chain-ameri-s-1-b-1-r4-ms64-brown-pcgs-secure-cac/a/1291-4312.s?ic4=GalleryView-Thumbnail-071515

Anyone seen this coin in hand? Thoughts?

If you're thinking of bidding you should get someone to check it out for you

Zoins · January 4, 2019 8:27AM

Love the personal story. How many of us take notes like this for our coins?

Alan Weinberg's Commentary. Acquired privately from Ted Naftzger at my kitchen table at 4 P.M. on New Year's Eve 1996. We were both going out that evening. Ted had called me as a direct result of my classified ad in Penny Wise for nice Chain cents. We had not known each other beforehand. He drove out from Beverly Hills in an old beatup station wagon. Ted told me he had acquired this coin in 1947 from Tom Elder's son-in-law and vest pocket dealer, Paul Seitz, for $1,000. He never showed it to Dr. Sheldon as he feared the coin would be "gone." He told me he actually favored it over the brown, lustreless but somewhat prooflike Parmelee AMERI. sold to Streiner, which is slabbed SP65. Ted quoted me a price I could not immediately afford and I moved it back across the table to him. He pocketed it. We chatted for an hour and then, out of the blue, he offered "terms." Two years to pay. I'll take it. We shook hands and he departed. Wait a minute Ted, don't you want something on paper. No, I trust you. Ted was like that, having once mailed an Uncirculated 1793 half cent in a first class mail envelope as he wanted to avoid post office lines. Two years later he sold me at my same kitchen table his ex-Garrett AMERI. cud cent in this same auction with "terms." Perhaps the most rewarding classified ad in numismatic history! Two superb Chain AMERI. cents from one tiny ad.

Unknown · January 4, 2019 8:55AM

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privaterarecoincollector · January 4, 2019 8:57AM

its a 2 Million USD coin or more.

JOsborne · January 4, 2019 9:09AM

The original mint red showing through the links just knocks my socks off. Talk about originality. it's coins like this that attracted me to this crazy hobby in the first place.

oih82w8 · January 4, 2019 9:24AM

I am not normally a fan of the Chain Cent, but this one is definitely a beauty!

Walkerfan · January 4, 2019 9:27AM

That's one amazing penny!!!

Would love to see that one in hand!!

tradedollarnut · January 4, 2019 10:07AM

@privaterarecoincollector said:
its a 2 Million USD coin or more.

Not in this market

Aotearoa · January 4, 2019 10:11AM

Wow. One more time: Wow.

Baley · January 4, 2019 10:36AM

Dream coin for this type set collector. IMO pretty much unimprovable. Thanks for showing.

cardinal · January 4, 2019 10:44AM

I've seen that coin when it was featured in a coin show exhibit, and I've held that coin in hand raw. In hand, it looks far better than the TrueView even shows!! It simply sparkles with incredible luster.

Zoins · January 4, 2019 10:59AM

@cardinal said:
I've seen that coin when it was featured in a coin show exhibit, and I've held that coin in hand raw. In hand, it looks far better than the TrueView even shows!! It simply sparkles with incredible luster.

How would you compare it with the other specimen? Have you seen that one?

tradedollarnut · January 4, 2019 11:00AM

@Zoins said:

@cardinal said:
I've seen that coin when it was featured in a coin show exhibit, and I've held that coin in hand raw. In hand, it looks far better than the TrueView even shows!! It simply sparkles with incredible luster.

How would you compare it with the other specimen? Have you seen that one?

Apples and oranges

Zoins · January 4, 2019 11:01AM

@tradedollarnut said:

@Zoins said:

@cardinal said:
I've seen that coin when it was featured in a coin show exhibit, and I've held that coin in hand raw. In hand, it looks far better than the TrueView even shows!! It simply sparkles with incredible luster.

How would you compare it with the other specimen? Have you seen that one?

Apples and oranges

Well, the grades are compared in the listing.

cardinal · January 4, 2019 12:09PM

@Zoins said:

@cardinal said:
I've seen that coin when it was featured in a coin show exhibit, and I've held that coin in hand raw. In hand, it looks far better than the TrueView even shows!! It simply sparkles with incredible luster.

How would you compare it with the other specimen? Have you seen that one?

As TDN said, they are not readily comparable. The SP65 Ameri. cent is wholly prooflike, and the MS64+ Ameri. cent displays sparkling cartwheel luster. It's a bit like comparing the SP66 1794 Dollar to the MS66+ 1794 Dollar -- the former absolutely unique on its own, while the latter is finest of the remaining population of the business-strike specimens.

specialist · January 4, 2019 3:50PM

private, please tell me you are NOT on it!! $2 million is a bit crazy for this market.

jughead1893 · January 4, 2019 7:47PM

If I could get 20yr terms I might be able to swing it.Make that 50

privaterarecoincollector · January 5, 2019 3:45AM

@specialist said:
private, please tell me you are NOT on it!! $2 million is a bit crazy for this market.

no Im not on it. I think the coin is undergraded compared to all the other PCGS 65s out there. Easily 65 RB. Whats the value of a 65 RB Ameri Chain Cent ?

privaterarecoincollector · January 5, 2019 3:47AM

its a problem a bit with the grades again, this coin is 64 for scratches but unc. - some other PCGS 65 are not unc.

privaterarecoincollector · January 5, 2019 3:53AM

maybe 1.5 Million is the right number.

privaterarecoincollector · January 5, 2019 4:05AM

@specialist said:
private, please tell me you are NOT on it!! $2 million is a bit crazy for this market.

hope you get it cheap.

specialist · January 5, 2019 4:39AM

I think it will be about a million....

JOsborne · January 5, 2019 9:02AM

https://forums.collectors.com/discussion/810890/legend-tdns-new-sp65-chain-ameri-well-i-guess-i-should-just-give-up

Here's a great thread on the SP65 Ameri. One of the best threads ever.

johnny9434 · January 5, 2019 9:06AM

that's wicked nice

Broadstruck · January 5, 2019 9:12AM

I don't see this as RB more TRB trace red brown.

privaterarecoincollector · January 5, 2019 9:38AM

@specialist said:
I think it will be about a million....

now Im bidding !! (joke)

tradedollarnut · January 5, 2019 10:58AM

@JOsborne said:
https://forums.collectors.com/discussion/810890/legend-tdns-new-sp65-chain-ameri-well-i-guess-i-should-just-give-up

Here's a great thread on the SP65 Ameri. One of the best threads ever.

Smoebody say ‘Anaconda‘ three times aloud and see if the Beetlejuice of coin collectors returns...

csdot · January 5, 2019 11:10AM

How do you interpret the meaning of this sentence? Does he mean Dr. Sheldon would have offered a price he couldn't turn down, or something more sinister?

He never showed it to Dr. Sheldon as he feared the coin would be "gone."

@Zoins said:
Love the personal story. How many of us take notes like this for our coins?

Alan Weinberg's Commentary. Acquired privately from Ted Naftzger at my kitchen table at 4 P.M. on New Year's Eve 1996. We were both going out that evening. Ted had called me as a direct result of my classified ad in Penny Wise for nice Chain cents. We had not known each other beforehand. He drove out from Beverly Hills in an old beatup station wagon. Ted told me he had acquired this coin in 1947 from Tom Elder's son-in-law and vest pocket dealer, Paul Seitz, for $1,000. He never showed it to Dr. Sheldon as he feared the coin would be "gone." He told me he actually favored it over the brown, lustreless but somewhat prooflike Parmelee AMERI. sold to Streiner, which is slabbed SP65. Ted quoted me a price I could not immediately afford and I moved it back across the table to him. He pocketed it. We chatted for an hour and then, out of the blue, he offered "terms." Two years to pay. I'll take it. We shook hands and he departed. Wait a minute Ted, don't you want something on paper. No, I trust you. Ted was like that, having once mailed an Uncirculated 1793 half cent in a first class mail envelope as he wanted to avoid post office lines. Two years later he sold me at my same kitchen table his ex-Garrett AMERI. cud cent in this same auction with "terms." Perhaps the most rewarding classified ad in numismatic history! Two superb Chain AMERI. cents from one tiny ad.

tradedollarnut · January 5, 2019 11:14AM

Quite possibly something more nefarious...based upon history

opportunity · January 5, 2019 11:59AM

Is it weird that I would be equally as pleased with a nice, smooth, choice VF? Not to rain on anyone's parade, but...

Unknown · January 5, 2019 12:31PM

This content has been removed.

Wabbit2313 · January 5, 2019 12:37PM

LOL on the CAC sticker covering the Gold Shield!!!!

.

opportunity · January 5, 2019 12:40PM

@btcollects said:

@opportunity said:
Is it weird that I would be equally as pleased with a nice, smooth, choice VF? Not to rain on anyone's parade, but...

I appreciate and admire pristine early coinage, but I prefer circulated coins because I can imagine how people used them in commerce

That's what I'm saying, too. Don't get me wrong, I've held coins like that worth hundreds of thousands in my hands in awe, and they were fun to look at and all, but...

OGDan · January 5, 2019 12:53PM

@Wabbit2313 said:
LOL on the CAC sticker covering the Gold Shield!!!!

When the text is shifted to the right, you have to put the sticker on the left, otherwise the text is covered.

privatecoin · January 5, 2019 12:54PM

Definitely a beautiful coin. The lady liberty on that coin doesn't appear to be 'in a fright'..

Zoins · January 5, 2019 1:09PM

@opportunity said:

@btcollects said:

@opportunity said:
Is it weird that I would be equally as pleased with a nice, smooth, choice VF? Not to rain on anyone's parade, but...

I appreciate and admire pristine early coinage, but I prefer circulated coins because I can imagine how people used them in commerce

That's what I'm saying, too. Don't get me wrong, I've held coins like that worth hundreds of thousands in my hands in awe, and they were fun to look at and all, but...

The other thing is that with cheaper, circulated coins, you can literally hold the coin which gives a different feel.

I think both kinds of coins are great.

Wabbit2313 · January 5, 2019 2:00PM

@OriginalDan said:

@Wabbit2313 said:
LOL on the CAC sticker covering the Gold Shield!!!!

When the text is shifted to the right, you have to put the sticker on the left, otherwise the text is covered.

You have an astute command of the obvious! I restate, LOL!!!!

OGDan · January 5, 2019 3:23PM

@Wabbit2313 said:

@OriginalDan said:

@Wabbit2313 said:
LOL on the CAC sticker covering the Gold Shield!!!!

When the text is shifted to the right, you have to put the sticker on the left, otherwise the text is covered.

You have an astute command of the obvious! I restate, LOL!!!!

Well, this forum loves to overlook the obvious and go straight to the explanation with more drama.

Anyone seen this FUN Chain Cent?

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