1800 10C MS65 NGC....

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Description

Amazing 1800 JR-2 Dime, Third Finest Known, MS65

1800 10C MS65 NGC. JR-2, R.5. Fully lustrous and frosty silver surfaces are visible beneath original gray-brown surfaces with hints of blue, gold, and iridescent toning on each side. Slight weakness is evident at the centers, as usual, with all other details boldly defined. Traces of minor strike doubling appear at the right side of the reverse. A few insignificant marks are evident on the obverse. The combination of strike, luster, and originality will capture the connoisseur's attention.

Die State. Both sides exhibit minor die rust, but no other signs of die deterioration.

Condition Census. Only about five or six Mint State 1800 dimes are known, including this piece and the double struck coin in the previous lot.

Appearances. Plated in the 1985 and 1993 Superior catalogs.

Obverse Die. The date is wide with the 1 far from the curl, and the final 0 nearly joined to the drapery. Star 1 is smaller than the other stars, and is distant from the hair curls. Stars 7 and 13 are equally close to L and the drapery, and star 8 is quite close to the Y. LIBERTY is widely spaced with LI slightly closer than other letters, and TY slighter farther than other letters. B is slightly high.
State a. Perfect die, may not exist. State b. Extensive die rust is visible, including above Liberty's shoulder.

Reverse Die. Star 12 is solidly joined to the eagle's beak, diagnostic. AME are joined with all other letters separated. Stars 1 through 4 and star 6 all touch the clouds; star 5 just misses. A leaf tip touches the right base of I, and another is below the space between C and A. The outer arrow tip is below the right curve of U.
State a. Perfect die with a spine up to the right from the right corner of the shield. State b. Minor die rust.

Heritage Commentary. Four obverse dies and three reverse dies were linked to create six die marriages dated 1798 to 1801. The chain includes one quarter eagle and five dimes struck in the following order: 1798 BD-2, 1798 JR-4, 1800 JR-1, 1800 JR-2, 1801 JR-1, and 1801 JR-2.

This is only the third auction appearance of the present piece since it was offered in the January 1985 Superior sale of the Jerry Buss Collection. In 1993, the cataloger wrote: "Only once in a great while does a coin of this caliber pop up on the market, and it will likely disappear into another collection for many years." Those words were written more than a decade ago, and are equally appropriate today.

Consignor Commentary. My wife was with me when I bid on this coin. Although I had previously purchased a few five figure coins, she had never watched it happen. After a few moments of awe, she recovered nicely! Although there are some Mint State coins known, they are hardly common. I believed this coin from the Matthews Collection is within the top three. The Bareford-Lovejoy coin, described as MS67 and plated in the dime book, is NGC-certified MS65. The Norweb coin was catalogued as MS63, but is probably better by today's standards. The only other high grade Mint State 1800 JR-2 dimes that I recall are in this sale. The James Stack specimen was AU and the Eliasberg coin was XF40.

Provenance. Superior (1/1985), lot 509; Jim Matthews Collection (Superior, 1/1993), lot 267.
From The Ed Price Collection.(Registry values: P6)

Coin Index Numbers: (NGC ID# 236H, PCGS# 4470, GSID# 3962)

Metal: 89.24% Silver, 10.76% Copper
Weight: 2.70 grams
ASW: 0.07747oz
Mintage: 21,760

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