Lot 2348
1793 S-8 "Smith Counterfeit". Fine-15. Wreath Cent. This cent began life as a normal 1793 Sheldon-8 die variety Wreath Cent, but after extensive circulation it was transformed with exceptional skill into what we today call a "Smith Counterfeit." In reality the pieces we call "Smith Counterfeits" are not counterfeits at all but rather altered examples of genuine mint-struck large cents. Using the original design as a guide, Mr. Smith of Ann Street strengthened and almost imperceptibly modified the designs on heavily worn 1793 and 1794 large cents to create these fascinating pieces to help collectors fill the difficult 1793 hole in their collections. He performed this work in the 1860's when low grade examples of 1793 and 1794 cents were relatively plentiful and worth only a few cents to collectors. Most of the "Smith Counterfeits" we see today were made using 1794 cents as a host, the piece offered here being one of the rare exceptions. They remain highly coveted today, and the American Numismatic Society (ANS) has a remarkable collection of them (13 according to the most-recent count). The example offered here is one of the really nice ones in terms of artistry and eye appeal. The surfaces are smooth and void of any notable defects. Glossy dark bluish steel and olive. Some of the Vine and Bars edge device from the host 1793 Wreath Cent remains visible.
Estimated Value $3,000-UP.
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