1783 John Chalmers Shilling. W-1785. Short Worm. EF Details--Damage (PCGS). Gold Shield Holder.An impressively detailed example of the desirable Short Worm issue. Golden and lavender-grey iridescence blankets silver, pearlescent surfaces which radiate under a light source. The design elements are sharp and bold pronounced, with the reverse (date side) exceptionally centered. True wear across either side is minimal, and the overall preservation is undoubtedly close to AU. Several few heavier marks are visible at the centers of each side, though these are integrated into the overall patina and are not notably distracting. A more dramatic post-mint edge clip is visible at the upper border on the obverse (CHALMERS side) though this is similarly benign to the overall aesthetic. An attractive example for the assigned grade. <p>Coins of this type are attributed to John Chalmers, a goldsmith and silversmith in Annapolis, Maryland. Chalmers issued these coins to prevent some of the abusive practices associated with fractional parts of the Spanish dollar, those being the most widely used coins in the early United States. While it was customary at the time to cut Spanish dollars into halves, quarters and eighths, unscrupulous persons would attempt to make a profit by cutting five "quarters" or nine or ten "eighths" out of one coin. Chalmers solution to this problem was to redeem various fractional parts in exchange for his own coins, charging a commission for this service. Examples were produced in threepence, sixpence and shilling denominations, the dies engraved by Thomas Sparrow, if not by Chalmers himself, and the coins struck at a building at the corner of Fleet and Cornhill streets in Annapolis. Given that several hundred Chalmers pieces are known today, and that most display significant wear from extensive commercial use, the issue appears to have been well received by the contemporary public and widely used in commerce. In an absolute sense, of course, all Chalmers coins are rare irrespective of denomination or variety. Those most often seen are shillings of the bird type, the short worn variant a bit more plentiful than its long worn counterpart, though examples of either variant are rarely encountered as sharp as the present specimen.Ex Numismatica Varesina, Italy; Heritages sale of January 2018, lot 3064.
