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Lot
401

1796 10C MS66 NGC....

2009 May Long Beach, CA Signature US Coin Auction #1125

 
Sold for: Not Sold
Auction Ended On: May 28, 2009
Item Activity: 8 Internet/mail/phone bidders
2,148 page views
Location:

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

Description:
Remarkable JR-1 1796 Dime, MS66
Condition Census Coin
1796 10C MS66 NGC. JR-1, R.3. 1796 was a watershed year for the fledgling U.S. Mint, as it expanded its portfolio of coined denominations to include silver dimes and quarters with the Draped Bust obverse and the Small Eagle reverse, as well as Capped Bust to Right (or Turban Head) gold quarter eagles. The year is also memorable for the creation of some of the rarest U.S. type coins, including the aforementioned quarter eagles with the No Stars obverse, a one-year type, and the coveted Draped Bust, Small Eagle half dollars of 1796 and 1797, a two-year type featuring the denomination "1/2" on the reverse. The 1796 Draped Bust, Small Eagle quarters are also a one-year type, but due to a somewhat larger mintage they are expensive, but slightly more available.
The surfaces show rich blue toning over each side with deep rose color in the center of the obverse. The striking details are uncommonly strong on each side, with only the slightest softness evident on the eagle's breast feathers. Slight evidence of adjustment marks can be seen on the rim on the right side of the obverse and on Liberty's cheek, but they are mentioned for pedigree purposes rather than as a cautionary note for the prospective bidder. In fact, the only other ripples in the surface of this magnificent piece are the die clash marks that are expected from this late die state.
While common as a variety, in such a high grade this coin is quite elusive as well as extraordinarily well preserved. The variety is distinguished easily by the bold cud die break (or is it a clash mark?) through the rim and two points of star 1. On the reverse, a leaf touches the third E only, and there are two leaf points beneath the A in STATES. Bold clash marks are visible from the reverse bow above Liberty's head. This piece certainly appears to be near the top--or possibly at the top--of the Condition Census for the variety. While NGC and PCGS together show four pieces graded finer, those population data are for all varieties of 1796 dimes, not solely the JR-1. The finest JR-1 attributed as such at either NGC or PCGS is a single NGC coin in MS64 (4/09).(Registry values: P7) (NGC ID# 236B, PCGS# 4461)

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