The Incredible History (and Future) of the 1793 Flowing Hair U.S. Chain Cents
The 1793 Flowing Hair U.S. Chain cents were the very first U.S. coins struck for general circulation. In particular, it was the AMERI. variety (an abbreviation for AMERICA) that holds this honor.
Another major variety of the 1793 Chain cent featured AMERICA fully spelled out.
This video details the fascinating history of this coin and takes a nostalgic look at the early U.S. Mint in Philadelphia. It also explains why the Chain cent is an excellent choice for collectors searching for classic U.S. coins destined to rise sharply in value.
Production of the Chain cents ended after just a few weeks. Although the chain on the reverse was meant to convey strength and unity among the states, many people associated it with bondage and slavery. Numismatists believe this is one reason the design was quickly replaced by a wreath.
Because of the importance of the 1793 Chain cent, collectors for 175 years have eagerly pursued the small number of survivors, pushing retail prices higher and faster than most collectible United States coins.
Value trend charts are presented to illustrate the impressive rise in price over a period of many years of the 1793 AMERI. Chain cent.
Solid numismatic fundamentals are what drives the popularity of this coin with collectors, which illuminates a bright future as well.
Everything discussed in this video is available for detailed study at:
https://www.rarecoins101.com/1793-flowing-hair-cent-chain-reverse-ameri.html
The 1793 AMERI. Chain cent is one of numerous Key Date U.S. coins contained in the Rare Coins 101 list of recommendations.
The recommendations are based on historical value trend charts identifying classic U.S. coins that have been the most popular with collectors for generations. Coins that have proven to be numismatic favorites over time are the best to own if outstanding price appreciation is the ultimate goal.
Learn more at:
https://www.rarecoins101.com/
https://www.rarecoins101.com/key-date-coin-list.html
Chapters:
00:00 Introduction
00:13 Rare Coins 101 and the Key Date Coin List
03:51 Value Trends of the 1793 Flowing Hair AMERI. Chain Cent
11:57 Earliest Days of the U.S. Mint in Philadelphia
14:46 Production of the 1793 Chain Cent
16:30 Public Reaction to the 1793 Chain Cent
19:26 Varieties of the 1793 Chain Cent
22:05 Why was AMERICA Abbreviated with AMERI.?
25:05 Legacy of the 1793 Flowing Hair AMERI. Chain Cent
Sources:
Garrett, Jeff and Guth, Ron. 100 Greatest U.S. Coins, 5th ed. Pelham, AL: Whitman Publishing, 2019.
Orisz, Joel J. and Augsburger, Leonard D. The Secret History of the First U.S. Mint. Atlanta, GA. Whitman Publishing, LLC. 2011.
Taxay, Don. The U.S. Mint and Coinage. New York, NY. Arco Publishing Company. 1966.
Stack’s Bowers Auction. 1793 Flowing Hair Cent, Chain, AMERI. February 2016.
https://auctions.stacksbowers.com/lots/view/3-2RX0I/1793-flowing-hair-cent-sheldon-1-rarity-4-chain-ameri-mint-state-61-bn-pcgs
Gregory, Barbara. The 1793 “AMERI.” Chain Cent: A Chicago Homecoming. The Numismatist Magazine, June 2011.
Hettger, Henry T. Famed Varieties of U. S. Large Cents in the Smithsonian Collection. The Numismatist Magazine, June 1987. (for second newspaper comment)
Sound effects/Music:
Pixabay. https://pixabay.com/
“Minuet in G Major” by Christian Petzold
Images:
Location of First Mint plaque: https://www.philart.net/art/United_States_Mint_Historical_Plaque/850.html
First Mint Facility:
Lamasure, Edwin. “Ye Olde Mint,” 1913 (Public domain)
Spacing between lettering on Chain cent varieties:
Eckberg, William. America's Hand Engraved Coinage. The Numismatist Magazine, March 2018.
Coins:
Stack’s Bowers. https://stacksbowers.com/
Heritage Auctions. https://coins.ha.com/
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Top 15 Most Valuable United States Coins from 1990 to 2023
The Top 15 Most Valuable U.S. coins are brought to life with dynamic bars racing against each other as highly acclaimed U.S. coins battle for price supremacy from 1990 to 2023.
Rare Coins 101 displays charts for key date United States coins having remarkably good price trend histories, spanning many decades. Based on their past performance, these coins are destined to increase in value the most in the years ahead.
Rare Coins 101 also provides tips on getting started in coin collecting, coin grading, best places to buy coins, and advice on rare coin investing. Also, there is the "Collectors Rare Coin Index" that monitors the current direction and strength of the U.S. rare coin market.
Beginners, as well as experienced hobbyists, will benefit from the information provided by Rare Coins 101.
Learn more at: https://www.rarecoins101.com/
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A Top Key Date Gold Coin for Collectors: 1848 "CAL." Quarter Eagle
This video explains why the 1848 "CAL." quarter eagle is a prized key date gold coin for collectors.
The historical origins of this rare gold coin are covered in a slideshow presentation. Value charts demonstrating decades of impressive upward trends for the 1848 CAL. are included.
This is a MUST SEE for collectors seeking classic U.S. coins destined to rise sharply in value.
Everything discussed in this video is available for detailed study at:
https://www.rarecoins101.com/1848-coronet-quarter-eagle-cal.html
The 1848 "CAL." gold quarter eagle is one of numerous Key Date U.S. coins contained in our list of recommendations.
The recommendations are based on historical value trend charts identifying classic U.S. coins that have been the most popular with collectors for generations. Coins that have proven to be numismatic favorites over time are the best to own if outstanding price appreciation is the ultimate goal.
Learn more at:
https://www.rarecoins101.com/
https://www.rarecoins101.com/key-date-coin-list.html
Chapters:
00:00 Introducing Rare Coins 101
01:56 A Top Key Date Gold Coin: 1848 "CAL." Quarter Eagle
02:38 Intro to Rare Coin Recommendation List
04:55 Recommendations: GOOD, BETTER, BEST, and Classic Rarities Groups
08:03 First Look at the 1848 "CAL."
10:33 The California Gold Rush
12:15 The 1848 "CAL." Coin is Struck from California Gold
16:20 Impressive Price Trends of the 1848 "CAL." Quarter Eagle
23:34 The "CAL." Punch and Forgeries
27:53 Legacy of the 1848 "CAL." Quarter Eagle
Sources:
Garrett, Jeff and Guth, Ron. 100 Greatest U.S. Coins, 5th ed. Pelham, AL: Whitman Publishing, 2019.
Bower, Q. David. The History of United States Coinage. Los Angeles, CA: Bowers & Ruddy Galleries, Inc., 1979.
Credits:
Sound effects: https://pixabay.com/
Movie clip of gold discovery: from "How the West Was Won" distributed by MGM, 1962. (Fair Use)
John Sutter image: https://en.wikipedia.org/wiki/John_Sutter (Public Domain)
California Gold Rush relief map image: NorCalHistory, https://en.m.wikipedia.org/wiki/File:Sierra_Gold_Rush_map.jpg (Public Domain)
49ers images: All Public Domain
Col. R.B. Mason image: https://en.wikipedia.org/wiki/Richard_Barnes_Mason (Public Domain)
Smithsonian Gold Nugget image: https://www.si.edu/object/gold-nugget%3Anmah_741894 (Public Domain)
Tea Caddy image: https://www.cointalk.com/threads/the-1848-cal-quarter-eagle-america%E2%80%99s-first-commemorative-coin.357146/
U.S. Mint 1840 image: John T. Bowen, Lithograph, https://www.loc.gov/resource/gdcwdl.wdl_09294/ (Public Domain)
U.S. Mint 1902 image: https://www.loc.gov/pictures/resource/hhh.pa1336.photos.138432p/
(Public Domain)
William Marcy letter: Hurlbutt, Clarence J. "The 1848 'Cal.' Quarter Eagle". The Numismatist Magazine, Sep 1968. pp 1146-1147.
1848 "CAL." Quarter Eagle images: https://stacksbowers.com/ (Used with permission)
Music: "Gold Rush" by Derek Fiechter (Used with permission)
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Best Rare Key Date U.S. Coins Recommended for Collectors Seeking Rising Values
This video introduces the best Key Date U.S. coins for collectors who desire rare coins with the highest potential to rise sharply in future value.
The recommendations are based on historical value trend charts identifying classic U.S. coins that have been the most popular with collectors for generations. Coins that have proven to be numismatic favorites over time are the best to own if outstanding price appreciation is the ultimate goal.
Learn more at: https://www.rarecoins101.com/
Or go directly to the list of rare coin recommendations at: https://www.rarecoins101.com/key-date-coin-list.html
Chapters:
00:00 Introduction
01:43 Definition of a Key Date Coin
03:10 Hobby or Coin Investing?
04:28 Which Coins Will Rise Most in Value?
05:08 How the Best Key Date Coins were Identified
08:27 Key Date Coin List Revealed
14:55 Three Things ALL Recommended Coins Have in Common
15:25 Example 1 Coin Recommendation: 1870-CC Half Eagle
27:45 Example 2 Coin Recommendation: 1856-S Seated Liberty Quarter
30:05 Example 3 Coin Recommendation: 1909-S VDB Lincoln Cent
33:15 Until Next Time, Happy Collecting!
Credits:
Sound effects: https://pixabay.com/
Image: Kicked in the Butt -- www.clipartmax.com/middle/m2H7G6N4G6d3A0d3_kicked-in-the-butt-royalty-free-vector-clip-art-illustration-kicked-in/
Image: Rare Coins 101 Axiom template by myriammira at Freepik -- https://www.freepik.com/free-psd/elegant-certificate-achievement-with-red-golden-details_39285603.htm#query=diploma&position=25&from_view=search&track=sph
Image: Dart Thrower by ratch0013 at Free Digital Photos -- http://www.freedigitalphotos.net/images/businessman-trying-to-hit-a-target-with-darts-photo-p249474
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