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Lot
5559

1796 10C MS63 PCGS. JR-6, R.3....

2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago #1204

 
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Auction Ended On: Apr 24, 2014
Item Activity: 6 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
1796 JR-6 Dime, MS63
High-Grade Early Type Coin
1796 10C MS63 PCGS. JR-6, R.3. 1796 was the first year of dime (or disme, per nomenclature of the era) production at the First Philadelphia Mint. The Draped Bust and Small Eagle motifs originated on 1795 silver dollars. According to often repeated numismatic legend, the Draped Bust model was Philadelphia socialite Ann Willing Bingham, indirectly through paintings by noted artist Gilbert Stuart. Guide Book credit for the design, however, is assigned to Chief Engraver Robert Scot.

On the dime, the Small Eagle only lasted through 1797, and was replaced by the Heraldic (or Large) Eagle in 1798. The Draped Bust obverse continued until 1807, except the star count was reduced to 13 beginning in 1798. Technically, the 1796 15 Stars is a single-year design subtype, since the 1797 issue has either 16 (JR-1) or 13 (JR-2) stars.

This is a satiny and mark-free representative with primarily stone-gray toning. The reverse has a small dab of dark color right of the D in UNITED, and the obverse displays several parallel, slender, and toned alloy streaks. The strike is sharp for the Draped Bust type, though the centers show minor incompleteness.

The usually seen die state with a horizontal break through the 17 in the date, a slender crack through star 8 to the center of Liberty's neck that splits into two cracks descending to the rim at 5:30 and 6 o'clock, a crack from 10:30 through the eagle to the M in AMERICA, a vertical crack from the ribbon to the eagle's breast, a crack through the bases of OF AMER, a crack from the rim to the M, and a delicate crack from the center of the R in AMERICA. Population combined for all 1796 varieties: 12 in 63, 21 finer (3/14).(Registry values: P7) (NGC ID# 236B, PCGS# 4461)

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