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1793 1c Chain Cent S-1 In PCGS AU-50 For Sale.

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numismatic student's Avatar
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11880 Posts
 Posted 04/17/2024  2:23 pm Show Profile   Bookmark this topic Add numismatic student to your friends list Get a Link to this Message Number of Subscribers
Usually you see these at the major auction houses but it looks like Chris McCawley has one for sale. First U.S. mint issue. Looks like some planchet flaws in the reverse but who is going to quibble about a high grade S-1.

https://www.ebay.com/itm/256301273101

IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Edited by numismatic student
04/17/2024 2:26 pm
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Adam590's Avatar
United States
751 Posts
 Posted 04/17/2024  2:32 pm  Show Profile   Bookmark this reply Add Adam590 to your friends list Get a Link to this Reply
Chain cents in grades like this nullify the common numismatic instinct to wait for a better specimen to come along, because they are so few and far between. The planchet flaws don't distract me, as they only affect the fields and none of the design elements, and I appreciate the shaprness of the hair on this weird design. It's an amazing coin. One that I see as a mythical object to be fancied, and not one I ever imagine owning. It's a treasure.
Edited by Adam590
04/17/2024 3:20 pm
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jbuck's Avatar
United States
187851 Posts
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westernsky's Avatar
United States
7614 Posts
 Posted 04/17/2024  3:57 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
One of those "Well, where you gonna come up with a better one?" kinda coins!

Always nice to see them!
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Coinfrog's Avatar
United States
94367 Posts
 Posted 04/17/2024  4:24 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Surprised someone with his rep would turn to ebay.
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paralyse's Avatar
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 Posted 04/17/2024  6:01 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
CVM has been doing business on ebay for many years, mostly through his Frisco Mint store. Often times for "banner" coins like these, you list it on ebay not to sell it as much as you list it for free advertising/publicity/promotion.






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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Marv65's Avatar
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 Posted 04/17/2024  6:21 pm  Show Profile   Bookmark this reply Add Marv65 to your friends list Get a Link to this Reply

Quote:
you list it on ebay not to sell it as much as you list it for free advertising/publicity/promotion.

Well put....and a coin like that will definitely draw people in and have them look through his other items for sale.
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nickelsearcher's Avatar
United States
15395 Posts
 Posted 04/17/2024  6:48 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Fabulous coin - I can only dream about owning one like this someday.
Take a look at my other hobby ... http://www.jk-dk.art
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jdmern's Avatar
United States
1949 Posts
 Posted 04/17/2024  7:52 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply

Quote:
Surprised someone with his rep would turn to ebay.


There are many serious coin dealers, with fantastic reputations who sell on ebay...
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Dearborn's Avatar
United States
95077 Posts
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Errers and Varietys's Avatar
United States
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 Posted 04/17/2024  11:08 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I would love to own that coin. Only in my dreams though.
Errers and Varietys.
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jbuck's Avatar
United States
187851 Posts
 Posted 04/18/2024  09:53 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Often times for "banner" coins like these, you list it on ebay not to sell it as much as you list it for free advertising/publicity/promotion.



Quote:
There are many serious coin dealers, with fantastic reputations who sell on ebay...
Agreed. I know how much it costs to run and maintain an eCommerce site. It is not trivial. ebay offers an economical solution for any B&M to dip their toes into online sales.
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paralyse's Avatar
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 Posted 04/18/2024  3:28 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
There are at least five major avenues for dealers to sell coins (not including brick and mortar storefront and coin shows)

1. Dealer website. High overhead, and very expensive to maintain, and does not have guaranteed exposure to a wide collector base without extensive SEO and promotion/advertising, but you don't have to pay listing or sales fees or deal with time limits on listing durations, and you can offer alternative payment systems such as e-Check, Zelle and MO/PMO that ebay and other sites do not support.

2. Business-to-business (B2B) usually via CDN or closed private Facebook/Google Groups.

3. Electronic and physical mailing lists / newsletters. Very old school and extremely time consuming but still has a few major dealers that do this way (Miller's Mint, Steve Album, e.g.)

4. Major auction houses such as Great Collections, Heritage, Stack's, Kagin's, etc.

5. Online auction sites such as ebay, or online "aggregators" such as MA-Coins, or other international sites such as cgb.fr, Künker, et al.

Out of all of the above, ebay has by far the most exposure with the largest collector market. There's a reason that it is far and away the #1 coin marketplace in the United States and why nearly every major dealer in the United States has a strong ebay presence.
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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thq's Avatar
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3343 Posts
 Posted 04/19/2024  1:29 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
Going from the sublime to the ridiculous, I spotted a 1793 chain cent at the local shop for $3500. It was dark and I wasn't interested in what it was until today. ANACS G details corroded. Decent chain but obverse is terrible. And I'm still not interested. Still nice to see one in a shop.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/19/2024 1:30 pm
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vermontensium's Avatar
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 Posted 07/24/2024  8:57 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
It is estimated that there are approximately a little over 500 surviving examples, in all grades.
I pulled the trigger on one years ago. I bought it raw and it has since been certified by PCGS.
That AU50 example is beautiful. It boggles my mind to think who could have held these at one time.
George Washington? James Madison?
swcoin.ecrater.com
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KenKat's Avatar
United States
4085 Posts
 Posted 07/24/2024  9:32 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
You guys better hurry - 3 people have this $160k coin in their cart!
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