One of America's first coins: a 1793 chain cent will sell at Heritage this month



2015-06-26 12:17:20

One of America's first coins: a 1793 chain cent will sell at Heritage this month

The Texas auction will feature the coin and currency collection of Dustinn Lee Gibson

Later this month, Heritage will be concluding another coins and currency auction, which features the collection of Dustinn (Dusty) Lee Gibson.

"Dusty," as everyone who knew him referred to him, was a familiar sight at coin and currency shows as varied as ANA, Long Beach and Memphis. Dusty began his collecting hobby when his grandmother gave him a group of U.S. coins when he was in high school.

Intrigued by the coins, Dusty was hooked at once, starting a fifty plus year romance with the study of coins and currency.

While Dusty began with coins, his real affection was for paper money, particularly the currency of his native state of Oregon. He began collecting Oregon National Bank Notes in the late 1960's, mentored by fellow collectors Jim Gates and Richard Dreger, as the trio engaged in a spirited competition to discover and own the great Oregon Nationals that became available in the sixties and seventies.

1793 chain cent coin 1793 chain cent coin

Dusty's coins reflect his wide ranging interests, from early large cents and key date quarters to a high relief Saint. He was known for his keen eye and was perfectly happy buying multiples of the same item when the opportunity arose, correctly realising even in the early days that coins such as 1916 Standing Liberty quarters would not be available at then-current price levels forever.

One of the highlights is one of the oldest coins in America: a 1793 S-3, B-4 Chain America Cent, graded XF40 by the PCGS which already carries a bid of $37,000, which will no doubt climb higher by the time of the auction, which concludes March 17-20 in Dallas, Texas. It will make an excellent investmentfor someone.

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