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Lot
5574

1796 10C MS63 NGC. JR-3, R.5. ...

2013 January 9-14 US Coin FUN Signature Auction - Orlando #1181

 
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Auction Ended On: Jan 10, 2013
Item Activity: 7 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Rare JR-3 1796 Dime, MS63
Ex: Ed Price
1796 10C MS63 NGC. JR-3, R.5. Reverse State c. Mostly brilliant silver surfaces show light rose accents on each side. Bright mint luster shows the often-seen semiprooflike or reflective finish. The date, LIBERTY, hair strands, and stars at the left are all bold, with the right-side stars above average. The reverse has definitive wreath details with remarkably sharp breast feathers. This is a clear Condition Census coin for its rare die pair.
The JR-3 is the first of four die-linked varieties, including JR-4, JR-5, and JR-7. It is the third-rarest of the seven 1796 dime varieties, behind the unique JR-7 and the rare JR-5. Slight evidence of obverse die lapping appears in the form of weakened upper hair details. The reverse has some fragmented leaves, missing feathers in the left (facing) wing, and part of the rock missing, all from die lapping. The reverse is cracked from the border through the left top of the first T in STATES, continuing down through the wreath and well into the left wing. A branch follows the top of the T to the rim over A where it forms a triangular lump that connects three dentils.
Ed Price noted in this piece's last auction appearance:

"An interesting feature is that a planchet cut at 7 to 8 o'clock is present on many specimens -- apparently due to a metal chip adhering to the die (per dime book). I have observed many JR-3's. I have noted the planchet cut to be present on all coins with reverse States a and b and on some coins with reverse State c. The cut is absent on any of the reverse State d coins I have observed. I believe that the cut first appears near T1 and gradually moves toward U. The present coin is reverse State c without the cut."


Die states for the JR-3 reverse are:

--State a. Perfect reverse.
--State b. A crack from the border to the left top of the first T in STATES continues faintly to the left branch and wing.
--State c. The crack is bold through the wreath and wing, with a branch through the top of the T and the border over A.
--State d. A rim break forms over the first T in STATES.

Ex: Auction '81 (RARCOA, 7/1981), lot 83; Ed Milas (privately, 5/1987); Haig Koshkarian (American Numismatic Rarities, 3/2004), lot 46; Melrose Bay Collection; Heritage (7/2005), lot 10154; Stuart Levine (7/28/2005); The Ed Price Collection (Heritage, 7-8/2008), lot 1410.(Registry values: P7)
(NGC ID# 236B, PCGS# 4461)

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