1783 Washington Unity States cent
Trooper
Posts: 1,450 ✭
This is pretty neat....Where these actual coins? Are they rare?
Tom
Tom
0
Comments
K S
Yes, the Unity Cents circulated heavily in the Colonies. There's quite a story that goes along with this piece, but in a nutshell, the tokens were struck in England and were purposely made to fool the general public. The use of the word "UNITY" instead of "UNITED" was a loop hole to avoid counterfeiting laws. Almost all of the examples that I have seen, including the one you linked, have many lines, like a grid, on the reverse. I have been told that this was done to give the appearance of a circulated coin. Very historic, very interesting and reasonably valued as such. You should buy an example for your collection.
Dennis
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Thanks for the comments. I saw the coin on Ebay. $170 Bin or start the bidding at $145. Intresting info that you both have provided.
Intresting coin...
Thanks again
tom
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Even with the scratch? It is an pretty neat coin.... does PCGS grade these things?
Tom
The scratch does not bother me, but that's just a matter of opinion. They are not rare, so you can find a problem-fee example if you keep looking. Maybe just wait to see if you can find a nicer one. And, "yes", PCGS does grade these.
Dennis
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all made about 1820 and having one die variety.
Baker comments "All these pieces in this list bearing the date 1783 as well as the Double Head Cent had their origin in England issued either as tokens or for speculative purposes to meet the demand for a circulation in this country.
The portraits on these pieces are purely imaginary having no resemblance whatever to Washington and indeed none could have been intended."
For more detailed info on these pieces see article in the Numismatist by George Fuld issue Nov. 1964 "Origin of Washington 1783 Cents.
oh, the "gridlines" are indeed "as-struck" on later die states (in fact, most die states)
K S
What was the motivation behind these?
Shamika, the motivation was to profit from the sale of copper. The British manufacturers of this token could buy the quantity of copper found in each token for LESS than $0.01, so passing these as $0.01 by putting striking them with a popular theme was attractive. Breen suggests that they were aimed at illiterates, due to the use of "unity". I refute that assumption, as I refute the fact that these coins were struck after 1800 as some have suggested. Hey, it's just an opinion....
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To make you feel better, check out this Unity Cent on eBay with a starting price of $795: eBay link
Notice that it is not much nicer than your coin that you bought for $170. I don't want to sound like a nudist or anything, but RAW IS BETTER for colonials.
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