The 1793 chain cent was the first ever large cent and the first coin made for circulation by the US Mint. These coins have value as numismatic coins. Keep reading to learn more about these large one cent coins.
Specifications
Type: Flowing Hair, Chain Reverse
Year: 1793
Face Value: $0.01
Composition: Copper
Total Weight: 13.48 grams
There is no mint mark on this coin. Each coin was minted in Philadelphia.
Three different varieties exist for this chain cent. The varieties can be found on the reverse side of the coin on the legend. There is the "AMERI." variety, the "AMERICA" with periods variety, and the "AMERICA" without periods variety.
Each variety is worth thousands of dollars, but certain varieties are more valuable than others.
| Series | Location | Quantity Minted |
|---|---|---|
| 1793 | Philadelphia | 36,103 |
Value
The 1793 chain cent AMERI. variety is worth around $6,500 in about good condition. In good condition the value is around $11,000. In fine condition the value is around $32,500. In about uncirculated condition the price is around $225,000.
The 1793 chain cent AMERICA with periods variety is worth around $4,800 in about good condition. In good condition the value is around $8,000. In fine condition the value is around $23,000. In about uncirculated condition the price is around $150,000.
The 1793 chain cent AMERICA without periods variety is worth around $4,200 in about good condition. In good condition the value is around $7,500. In fine condition the value is around $23,000. In about uncirculated condition the price is around $150,000.
Grading System
About good- The date and design elements can be identified.
Good- The lettering is worn but still readable. The bust has no detail.
Fine- Roughly half of Liberty's hair and other details are visible.
About uncirculated- There is a slight trace of wear on the high points of the design. Half of the coin's mint luster is still intact.
Sources:
The Red Book