Stack's Bowers - The March 2011 Baltimore Auction Lot #163

  • PCGS
  • 30
  • CAC
  • N

1783 John Chalmers Shilling. W-1785. URS-8. Short Worm. VF-30 (PCGS).

PCGS has mounted this coin with the reverse up in the holder, per the orientation pictured in both the 2011 Guide Book and the 2009 Bowers/Bressett reference Whitman Encyclopedia of Colonial and Early American Coins. Of this type, Bowers and Bressett state: "Usually with areas of localized weakness from misaligned dies or uneven planchet thickness." Not so the present coin. This is a premium example of the type in every regard, and it has eye appeal that is far superior to the VF-30 grade assigned by PCGS. Both sides exhibit even, bold-to-sharp striking detail on both sides, the impression also nicely centered on the planchet. Light, original, silver-gray patina is another strong suit, and there is enough detail remaining to suggest an EF grade. Sure to sell for a very strong bid.     Privately issued by John Chalmers, a silversmith in Annapolis, Maryland, Shillings of this type were readily accepted by a local economy starved for high-quality circulating coinage. The Shillings are Chalmers' most frequently encountered coinage in today's market, although he also issued Threepence and Sixpence.

PCGS#: 596