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1827 10C MS67 Prooflike NGC....

Lot: 83, Auction: 2008 February Long Beach, CA Signature Coin Auction #460

Sold for: $34,500.00 (includes BP )
Bid Source: Internet
Ended: Feb 13, 2008
Item Activity: 6 Internet/mail bidders
1,120 page views

Description:

Superb Prooflike Gem 1827, JR-12
Finest-Graded of Any 1827 Dime

1827 10C MS67 Prooflike NGC. JR-12, R.1. This variety is immediately recognized by the relationship between the final A in AMERICA and the adjacent arrowhead, which are joined. No other 1827 dime variety has this characteristic. As noted on the NGC holder, this Superb Gem is fully prooflike on both sides. Both sides are well detailed, although not quite fully struck. A few faint striations are visible across the lower portion of the eagle. The mirrored fields are fully reflective, with crisply defined transitions to the devices. A trace of mint frost in the fields on each side is all that keeps this from a proof designation.
This example compares favorably to the Eliasberg specimen, a coin that was unquestionably a proof example. The strike on each is nearly identical, with only slightly more sharpness on a few of the stars and the eagle's claws on the Eliasberg coin. The surfaces are lightly and naturally toned with golden color over nearly all of the obverse and much of the reverse. Also like the Eliasberg example, this coin shows evidence of light die polish, suggesting the possibility of a proof strike, or one of the first impressions after the few proofs were minted.
In his Proof Encyclopedia, Walter Breen recorded this variety as B. 5-E, and noted two known proofs. One of these is the Eliasberg specimen that we have already noted, while the other is pedigreed to the 50th New Netherlands sale. Determination of the proof status of any of these early coins is difficult, and not all experts agree. In fact, the New Netherlands coin, which Breen called a proof, was described by John Ford as an enigmatic prooflike example. The present example is not either of the two coins described by Breen. Although we do not believe it is a proof example, we are certain that some others will disagree with our position. It is undoubtedly one of the finest examples known, whether it is described as a proof example by some, or a prooflike example by others. It is also the single finest-graded 1827 dime, of any die variety, at either of the major grading services.
From The Southwest Collection.(Registry values: N1) (#4504)

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Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 414, Lot 5136 Monday, August 14, 2006 67 NGC $32,200.00
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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
66 --- $20,150 $15,500 $14,000 $14,250 $27,500
67 --- $30,630 $24,500 $22,500 $22,500 ---
68 --- --- --- --- --- ---
*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 67 0* 0* 290 1,300,000 John Reich
NGC 67 2 0 246
*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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