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Lot
5089

1833 10C Last 3 High MS68 NGC. JR-5, R.1....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 5 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
1833 JR-5 Dime, MS68
The Finest Certified 1833 Dime
1833 10C Last 3 High MS68 NGC. JR-5, R.1. The date is important in numismatics as the first year of coinage production at the newly constructed second Mint building located at the corner of Chestnut and Juniper Streets in Philadelphia. Just a few years earlier, at least by 1828, Mint Director Samuel Moore and other Mint officers realized that the first Mint facility was already too small to meet the coinage demands of an ever expanding country. As a result, plans were made for a new building, and the cornerstone was placed on July 4, 1829. At the new facility, ten 1833 dime varieties were produced from four obverse and six reverse dies. Some of the reverse dies were carried over from the old mint to be used with new obverse dies, and perhaps it is no surprise that some 1832-dated obverse dies were also brought to the new Mint where they continued in use.
The strike of this example is so bold that it is equal to many early proof dimes that we have seen, although the frosty, lustrous surfaces clearly indicate that it is a business strike. The obverse has considerable champagne toning, with generous portions of pale violet, blue, green, and gold. The reverse is mostly lighter champagne with traces of peripheral gold and blue. An amazing coin that is destined for a first-class collection. Census: 1 in 68 , 0 finer (6/12).(Registry values: P1) (PCGS# 4523)

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