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1803 10C AU55 NGC....

Lot: 1439, Auction: 2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114

Sold for: $20,700.00 (includes BP )
Bid Source: Live: Floor
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You now have the opportunity to acquire very rare items that may not be auctioned again for some time by making an anonymous offer that will make the owner sell.
Ended: Jul 30, 2008
Item Activity: 5 Internet/mail bidders
1,095 page views

Description:

The Finest Known 1803 JR-4 Dime, AU55

1803 10C AU55 NGC. JR-4, R.5. Both sides have pleasing gray-gold surfaces with hints of pale blue and violet patina. A few inconsequential abrasions and faint hairlines can be seen on each side. The surfaces are otherwise smooth with considerable remaining luster.

Die State.
The obverse appears perfect with no trace of die cracks or clash marks. A tiny rust mark is visible between the I and B of LIBERTY. The reverse is shattered and clashed, especially at the right.

Condition Census.
It is believed that this piece, which is slightly finer than the Garrett specimen that is plated in the dime book, is the finest known example of the die variety.

Appearances.
Plated in our April 1999 catalog.

Obverse Die.
The 3 leans right with its top parallel to the bust line. The 1 is far from the lowest curl, and the 1 and 8 are close. Star 1 is far from the curl, star 7 is close to L, star 8 nearly touches the top of the Y, and star 13 is close to the drapery. LIBERTY is closely spaced with LIB especially close.
State a. Perfect.

Reverse Die.
Space between clouds is below right side of E, diagnostic. Star 2 is recut with eight points. Star 12 enters the eagle's mouth but touches neither beak. Its lower point joins the scroll above the center of U. Star 13 is far above the scroll and points to the left side of U. AME are extremely close with all other letters widely spaced.

Reverse Die States.
The reverse die was used earlier for 1802 JR-2 dimes, and became extensively cracked and clash marked in that die marriage. See our listing, above, for the die states of that variety. By the time it was paired with the 1803 obverse, the reverse die was a mess. We can count at least 10 different die cracks, including the crack across the right wing that has developed a large internal cud. Clash marks through OF AMERI are so heavy that some of those letters are distorted.

Heritage Commentary.
Due to the shattered reverse die, the obverse is generally quite weak. As a result, this variety is often undergraded. Authors of the dime book mention that AU50 examples show little of the central detail. However, this example has bold central detail, especially on the reverse.

Consignor Commentary.
This is at least tied for the finest known. There are a few decent XF-AU specimens around, but they mostly have problems. The dime book plate is the Garrett coin which is also listed as the finest seen. I bought the Garrett coin at the Lovejoy sale, but I was never fully satisfied with it because of the clear scratches on the reverse. The Garrett catalog notes the scratches, but the Lovejoy catalog does not. However, the Lovejoy catalog does describe the Garrett coin as "probably the second finest of the variety," so Alan understood its problem. When I saw the present coin at Heritage lot viewing, I realized that it was the upgrade coin I had hoped to find since I bought the Garrett coin almost nine years earlier. The Heritage description was confusing since the Mint State example mentioned is my JR-3, not another JR-4. The bidding was moderately aggressively for the era, but apparently no one else recognized it as the finest for the variety.

Provenance.
Ex: Heritage (4/1999), lot 5711.
From The Ed Price Collection.
(Registry values: P7) (#4473)

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Shipping Description: Coins & Currency (view shipping information)

Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 200, Lot 5711 Friday, April 23, 1999 55 NGC $6,900.00
Auction 444, Lot 1619 Sunday, August 12, 2007 55 ANACS $19,665.00
Auction 422, Lot 860 Saturday, January 6, 2007 55 PCGS $13,800.00
Auction 400, Lot 715 Saturday, February 11, 2006 55 ANACS $11,500.00
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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
53 --- $13,440 $10,750 $9,750 $9,850 $13,500
55 $25,000 $18,750 $15,000 $13,500 $13,650 $18,500
58 --- $33,130 $26,500 $24,250 $24,500 $40,000
*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 55 3* 4* 54 33,040 Robert Scot
NGC 55 4 7 32
*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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