1793 1C Wreath, Lettered Edge, BN
The 1793 1C Wreath, Lettered Edge, BN is a highly coveted coin among numismatists and collectors, owing to its historical significance and rarity. This particular cent represents the continuation of the United States Mint's initial efforts in producing one-cent coins and reflects the evolving design preferences of the period.
Artistic & Historical Significance : The 1793 Wreath Cent features a wreath on the reverse, a departure from the Chain design seen earlier in the year. This design change was influenced by public dissatisfaction with the original Chain design. The obverse showcases Lady Liberty with flowing hair, and the reverse displays the intricately arranged wreath, encircling the denomination "ONE CENT." The edge of this variant is lettered, reading "ONE HUNDRED FOR A DOLLAR," which marks a distinct difference from the Plain Edge Wreath Cent.
Rarity & Mintage : The 1793 Wreath Cent, Lettered Edge, stands out in numismatic circles for its rarity. With a limited mintage of just 63,353 coins, their relatively low survival rate today elevates their desirability. Compared to other early American coppers, the 1793 Wreath Cent usually surfaces at auction less frequently, enhancing its rarity.
PCGS Certification & Recognition : According to PCGS CoinFacts, the 1793 Wreath, Lettered Edge, BN is listed under the catalog number PCGS #1350, where coins are graded to determine their value more precisely. Being certified by renowned organizations like PCGS adds a layer of authenticity and trust for buyers and sellers.
Market Values and Notable Sales : The value of the 1793 1C Wreath can vary significantly based on its grade and eye appeal. Brown (BN) examples are particularly prized
Fine Condition : These coins can command prices from $4,000 to $8,000.
Mint State Examples : Well-preserved specimens have reached six-figure prices in public auctions. Numerous instances highlight this coin's market performance. For example, a Mint State 1793 Wreath, Lettered Edge, BN achieved impressive sell-through numbers in top auctions due to its pristine condition and historical importance.
Numismatic Perspectives : From a numismatic point of view, the 1793 Wreath, Lettered Edge, embodies the early struggles and triumphs of the United States Mint. The design transition from the Chain to the Wreath Cent marks an essential episode in the public's influence over national coinage design. Thus, each 1793 Wreath, Lettered Edge, BN coin is a tangible piece of American history. The rich history, rarity, and value fluctuations of this 1793 cent make it an exemplary piece for collectors and institutions. To possess such a coin is to own a foundational artifact of American numismatic heritage, each coin's imperfections and designs narrating a story from the birth of federal coinage.
