One important reason collectors visit my site,
US Coin Values Advisor, is to study long term value trends for
individual coins, in hope of data mining elusive sleeper coins.
Historically, this coin is one of the most
important dates in
numismatics, as it was the very first United States coin released for
Even as far back as 150 years ago, coin scholars
importance of the 1793 Chain AMERI. Large Cent.
As the table above demonstrates, the 1793 Chain
AMERI. Flowing Hair
Large Cent in Good-4 condition was worth about $50.00 in 1950. Today,
it is valued at around $10,000. If this were an investment vehicle, you
could say it grew at an annual rate of 8.49% over a period of 65 years.
Now that is one heckuva record!
The red line graphs the movement of our "Rare Coin Value Index". The Index is comprised of 87 highly collectible United States coins, covering the full spectrum of denominations from Half Cent to Double Eagle, with January 2000 as its baseline. The goal of the Index is to get a feel for the overall direction of the U.S. rare coin market. The 1793 Chain AMERI. Flowing Hair Cent is one of the 87 coins tracked in the Index.
The blue line depicts the performance of the 1793 Chain cent. Starting in 2004, it absolutely exploded in value, and by 2006 it was literally ***OFF THE CHART***. This Frightened Lady Liberty was a rock star, indeed!
Maybe it rose too much, too fast in value, and some owners couldn't resist the temptation to cash in. For whatever reason, prices fell rather dramatically toward the end of 2006, and have continued drifting slowly downward to its 2015 price tag of $10,000 in G-4 grade.
Will the 1793 Chain cent ever again bask in the glory it once enjoyed? Are monkeys good at climbing trees? Is a bat cave creepy? Yes, of course it will! This coin is too special in the hearts and minds of collectors not to get its motor revving again. Its a safe bet that 10 years from now, it will cost you a lot more than it does today to own one of these artifacts from that long gone quaint little "Ye Olde Mint" in Philadelphia.
Collectors interested in the 1793 Chain AMERI. Flowing Hair Cent have a few options to find one for sale. One place to check is eBay. I've coded this 1793 Chain cent link to isolate any chain cents currently offered on eBay. As a general rule for a rarity of this nature, buy only examples graded/certified by PCGS, NGC, ICG, or ANACS that are being sold by reputable dealers. There are several very good auction houses that may have examples available as well. Obtain the best grade you can afford. [Disclosure: if you go to eBay from the link above and buy something, I receive a small commission].
Looking for a steal? The 1793 Chain cent may be the quintessential sleeper coin!
P.S. Although this particular coin is currently being offered at a discount price, I realize not everyone can write out a check for $10,000 for a coin. I will be reporting on other sleeper coins in the near future that are more affordable to collectors.