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1793 S-3 Chain Cent With R. Cutler Smith Hallmark

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 Posted 09/03/2022  1:56 pm  Show Profile   Bookmark this reply Add CarrsCoins to your friends list
i dont know the reason for the scalloping for certain.

what I think is going on is that this was used to test tools or techniques by cutler. I like to imagine that it was used to train the kids. scalloped edges were quite common around the time this would have happened.

another theory is that it was being used as a business card or store card and the edge treatment was done to fancy up the coin. I find this less likely. if they were making store card out of coins I would expect to see more survivors.

i thing PCGS severely undergraded the details on this coin. I have seen coins graded by them in the fine and low vf range that have less meat.
Edited by CarrsCoins
09/03/2022 1:59 pm
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 Posted 09/03/2022  2:03 pm  Show Profile   Bookmark this reply Add Jakes Coins to your friends list
Interesting read & very neat coin
I've been collecting for a couple years... Favorite Coin's are Standing Liberty quarters, Working on my type set | Coffee, Corvettes, Coins & the CCF what could be better?
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Canada
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 Posted 09/03/2022  2:09 pm  Show Profile   Bookmark this reply Add ironhorse to your friends list
I always like a good story attached to a coin and yours fit the bill. Remarkable to think that it was through many hands since Cutler pushed it across the counter for the first time in his shop all those years ago...and here we are still talking about it today, now that's a story!
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 Posted 09/03/2022  2:14 pm  Show Profile   Bookmark this reply Add Spence to your friends list

Quote:
additionally this coin isn't valuable based on condition.


I'd like to gently push back on this assertion as even chain cents in their basal state seem to carry some value. When I was working on my large cent collection, a chain cent was one of the few that I never quite managed to pick up.

I agree that this is a great example. Thx for posting!
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 Posted 09/03/2022  2:48 pm  Show Profile   Bookmark this reply Add CarrsCoins to your friends list
i guess what I'm trying to say is that the type and history are where they value lies with this coin. playing hockey with it is a bit excessive, but if it picked up a big staple scratch I dont think the price point would change one bit. you scratch a PL morgan and a ton of the value evaporates. this one I can hand to my sticky fingered nephew, the kid could drop it and it wouldnt be a big deal.
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 Posted 09/03/2022  3:07 pm  Show Profile   Bookmark this reply Add Spence to your friends list
Yes 100% agree with that @carr!
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
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 Posted 09/03/2022  3:17 pm  Show Profile   Bookmark this reply Add thq to your friends list
Interesting! I have a lot of hallmarked American silver spoons, but it's unusual to see a hallmark embedded in a coin. I don't have any Cutler pieces, but I spotted one on ebay for $35, ca 1810 based on the style.

https://www.ebay.com/itm/1813916334...9SR8Lh9szgYA
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
09/03/2022 3:25 pm
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 Posted 09/03/2022  3:48 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list
That is amazing!! Fantastic coin, and the history attached to the counterstamp is incredible. Thank you for sharing.
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 Posted 09/03/2022  3:52 pm  Show Profile   Bookmark this reply Add CarrsCoins to your friends list
@thq - thats pretty interesting. its an E. Cutler, so not the exact same stamp. I wonder if there is a family connection. in the listing they say the piece is from boston. I guess I have something new to research. thanks!
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 Posted 09/03/2022  6:47 pm  Show Profile   Bookmark this reply Add thq to your friends list
Silversmithing went through many generations in several families. Two well known ones were the Batemans in England and the Moultons in Newburyport. The earlier the piece the more it's worth. And if the maker is Revere the sky's the limit.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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 Posted 09/03/2022  7:04 pm  Show Profile   Bookmark this reply Add Adam590 to your friends list
This is a fascinating coin--thanks so much for sharing it and the story behind it. What a treasure you have!
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 Posted 09/03/2022  7:26 pm  Show Profile   Bookmark this reply Add cipster to your friends list
Thanks for sharing this interesting story. The coin is fascinating.
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 Posted 09/04/2022  4:20 pm  Show Profile   Bookmark this reply Add ExoGuy to your friends list
@ CarrsCoins .... Great coin and story to match! Having long collected silversmith counterstamps, hallmarks and retail marks, myself, I've typically sought to find silver go-alongs, bearing matching stamps; most often, spoons. Have you looked for such a mate for this piece?

I thoroughly concur with cracking pieces like this out of mundane slabs; especially so, ones that state the obvious - Damage! It's akin to labeling a driver's license as "human being." These TPG'ers sure show their ignorance when it comes to slabbing counterstamps.

You may be right about the damage coming from experimenting with a tool. Consider that the stamp, itself is very well-centered upon Lady Liberty, while the major rim damage is confined to the reverse. Quite possibly, this coin may have long ago been mounted or encased? Just a thought .... Fun to speculate, methinks.

BTW, I heartily concur with you about this piece being under-graded. Great chain!
Edited by ExoGuy
09/04/2022 4:22 pm
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 Posted 09/04/2022  7:27 pm  Show Profile   Bookmark this reply Add CarrsCoins to your friends list
thanks everyone!

its been interesting watching the third party graders become more adept at this kind of thing. they are identifying chops on Trade dollars now. their ability to attribute early copper is pretty solid these days. they even grade the oddly struck varieties a little differently which is a huge step up from where they were not too long ago. I think that the newer guys coming into these companies are appreciative of a lot of the more nuanced parts of the hobby and I have noticed the graders are starting to care about some of the more niche areas in a way that alligns with what I find interesting about coins.
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