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Lot
83

1827 10C MS67 Prooflike NGC....

2008 February Long Beach, CA Signature Coin Auction #460

 
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Auction Ended On: Feb 14, 2008
Item Activity: 6 Internet/mail/phone bidders
1,847 page views
Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 103B,C (Tuesday Only)
Booth 400 (Wednesday - Saturday)

Auction Room:
Room 103 B,C

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) (NGC ID# 2375, PCGS# 4504)

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