1793 1C Wreath, Vine and Bars, BN
The 1793 1C Wreath, Vine and Bars, BN (Regular Strike) is a highly esteemed coin within United States numismatics, capturing interest due to its historical significance and rarity. This particular Large Cent marks the first official year of coinage by the United States Mint and carries the distinction of the "Wreath" design, a captivating alternative to the "Chain" design initially released in the same year. The Philadelphia Mint struck these coins in 1793, adhering to the original minting process that utilized manual labor, including the use of screw presses.
The mintage for this variant was relatively limited, with only 63,353 pieces produced, increasing its desirability among collectors. The PCGS CoinFacts assigns it a reference number of 1347, which is crucial for identification and cataloging within numismatic circles. Collectors and historians value the 1793 Wreath cent not just for its rarity but also for its intricate design elements. The obverse showcases a depiction of Lady Liberty, surrounded by the inscription "LIBERTY" along with the date. The reverse features a wreath tied with a ribbon, surrounded by the words "ONE CENT" and encircled by "UNITED STATES OF AMERICA." This design is enhanced with a vine and bars border, which distinguishes it from other varieties.
In terms of market value, these coins are highly sought after and often fetch premiums at auctions based on their condition and provenance. For instance, well-preserved examples graded by PCGS have been known to sell for significant amounts, with prices often ranging from tens of thousands to over a hundred thousand dollars. For example, specimens with remarkable eye appeal have achieved remarkable results in recent auction sales, highlighting the high demand among collectors. The 1793 Wreath Cent is considered a cornerstone for early American copper collectors. Its rich history and relatively low survival rate contribute profoundly to its allure, and auction results further reinforce its status as a collectible powerhouse. Whether discovering this piece through private collectors or auction houses, numismatists value the 1793 Wreath not only for its monetary value but also for its embodiment of the fledgling United States’ foray into creating a national identity through currency.
For those delving into early American coinage, understanding the nuances of the 1793 Wreath, Vine and Bars, BN is essential. Its various appearances at major auctions underline its timeless appeal, with PCGS grading ensuring its authenticity and condition. This coin's blend of history, rarity, and craftsmanship secures its place as a gem in early American numismatics.
