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1800 10C MS65 NGC....

Lot: 1423, Auction: 2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114

Sold for: $74,750.00 (includes BP )
Bid Source: Internet
Ended: Jul 30, 2008
Item Activity: 5 Internet/mail bidders
1,361 page views

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) (#4470)

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Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 1124, Lot 2214 Sunday, May 3, 2009 65 NGC $48,875.00
View prices realized from this item in other grades (you must be signed in)
PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
64 --- $58,130 $46,500 $42,000 $42,500 $75,000
65 --- $83,850 $64,500 $57,500 $58,500 $105,000
66 --- $143,750 $115,000 $102,500 $105,000 $150,000
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.

Population Guide

Service Grade Population in this Grade Population of Higher Grade Population in All Grades Mintage Engraver
PCGS 65 1* 1* 66 21,760 Robert Scot
NGC 65 2 0 42
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auction Galleries.

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