Find the 1793 Flowing Hair Penny $900,000: The so-called Flowing Hair Penny or Chain Cent of 1793 is one of the special coins in the United States of America. It was the first large cent to be struck at the United States Mint and due to its scarcity and historical value, even flawless specimens are commanding prices close to $ 900,000.
Historical Significance of the 1793 Flowing Hair Penny
The Flowing Hair Penny was the first large cent and one in 1793 made in Philadelphia by the newly formed US Mint. On the front side the emblem is placed with the allegacha of freedom, Lady Liberty with her tresses, on the back side the chain of thirteen rings, symbolizing unity of states connected together by a link. However, the chain design was criticized on the grounds of slavery link and as a consequence, it was changed with the garland design later in the same year.
Design Variations and Rarity
Several varieties are known for the 1793 Flowing Hair Penny: the chain reverse and the garland reverse. Among these, the rarer chain reverse of which 36,103 were produced is the chain reverse. In this category, there were other forms, for instance, “AMERI.” There are also other types of gain, which was due to space constraints on the die. This caused a somewhat different garland reverse to be made and therefore create about 6,300 more of the coins. The low mintage and the special features of the identified coins contribute to collectors.
Factors Affecting Value
There are several factors that contribute to the value of the 1793 Flowing Hair Penny:
- Condition: Coins in excellent condition, with minimal wear, tend to fetch higher prices.
- Rarity: Limited minting and surviving examples tend to increase the coin’s value.
- Historical Significance: It is one of the first coins minted by the U.S., so it has historical significance.
- Design Variations: Unique features, such as the abbreviation “AMERI.” Abbreviations can increase a coin’s value even further.
Notable auction sales
The 1793 Flowing Hair Penny has achieved notable prices at auctions:
- $1.38 million sale: In January 2012, a 1793 Chain cent sold for $1.38 million, a record for a copper coin at the time.
- $850,000 sale: Another example sold for $850,000, highlighting the coin’s significant value.
Collecting the 1793 Flowing Hair Penny
Coin collectors love to get a piece of 1793 Flowing Hair Penny that perfectly fits their collection. Due to their rarity and high value, it is important to:
- Confirm authenticity: Ensure that the coin has been authenticated by other grading services.
- Evaluate condition: Learn as much as possible about its total grade; it has a big impact on acoin’s cost.Lorem ipsum dolor sit amet, consectetur adipisicing elit. Officiis dolorem aut velit similique nam corporis consectetur? Et, voluptatum.
- Consult the experts: Get in contact with other members of the numismatic society or traders of early U.S dollars.
Key Features of the 1793 Flowing Hair Penny
| Feature | Description |
|---|---|
| Obverse Design | Lady Liberty with flowing hair |
| Reverse Design | Chain of 15 interlocking links (Chain Reverse); Wreath (Wreath Reverse) |
| Mintage Numbers | Chain Reverse: ~36,103; Wreath Reverse: ~63,000 |
| Composition | 100% Copper |
| Diameter | Approximately 26–27 mm |
| Edge Design | Bars and vines with leaves |
The first ounce of truth can be told about the 1793 Flowing Hair Penny as far as introducing Americans to their country’s artwork and authentically fluent yet young. Collectors together with historians are fascinated by rarity, history of the car, and unique design; high-quality models can cost about $900000.
FAQs On Find the 1793 Flowing Hair Penny That Could Be Valued Near $900,000
Q. What is the 1793 Flowing Hair Penny?
A. The 1793 Flowing Hair Penny is one of the first coins minted by the United States Mint, featuring the iconic “Flowing Hair” design on the obverse.
Q. Why is it so valuable?
A. Its value stems from its historical significance, rarity, and demand among collectors. High-grade specimens are especially prized.
Q. How much can it be worth?
A. Depending on its condition, the coin can be valued anywhere from thousands to nearly $900,000 in auction or private sales.
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