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Lot
4177

1804 10C 14 Stars on Reverse XF45 PCGS. CAC. JR-2, R.5....

2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago #1184

 
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Auction Ended On: Apr 25, 2013
Item Activity: 11 Internet/mail/phone bidders Number of Bidders
1,052 page views
Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
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1804 Draped Bust Dime, XF45
Popular 14 Star Reverse, JR-2 Variety
Only Three Finer Coins at PCGS
1804 10C 14 Stars on Reverse XF45 PCGS. CAC. JR-2, R.5. Only 8,265 dimes were coined bearing the date 1804, with two die varieties known for the date. The coin offered here is an example of the less available JR-2 variety, with the popular 14 Star Reverse. The JR-2 was the second use for both dies. The obverse die was used to strike the other variety of this date, while the reverse was previously used on the 1804 BD-2 quarter eagle. Walter Breen believed this reverse was left over from 1798, because of the arrangement of the reverse stars in a "Cross" pattern that was used on just one other quarter eagle die, the 1798 BD-1. Harry Bass doubted this theory, however, as the stars are much smaller on this die than on the 1798 BD-1.

The fact that the diameter of the dime varied from that of the quarter eagle by less than one millimeter made it possible to use the same reverse dies to coin both denominations on several occasions. This practice saved the Mint both time and labor, and the expensive dies were seldom discarded until they were fatally damaged.

The present coin is lovely and well-balanced, exhibiting blushes of pale violet patina over natural gray surfaces. Traces of luster can still be found in the protected areas. An old cut in the left obverse field that crosses star 4 is of no real significance. Extremely Fine or finer 1804 dimes of either variety are seldom offered, which should generate considerable interest in this uncommonly nice and legitimately elusive Draped Bust dime. Population: 1 in 45, 3 finer (3/13).(Registry values: P8) (PCGS# 4475)

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