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Lot
1421

1800 10C AU58 PCGS. CAC....

2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114

 
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Auction Ended On: Jul 31, 2008
Item Activity: 5 Internet/mail/phone bidders
3,921 page views
Location:

Baltimore, MD

Description:
Finest known 1800 JR-1 Dime, AU58
1800 10C AU58 PCGS. CAC. JR-1, R.4. Central obverse and reverse details are bold and exceptional, with minor peripheral weakness evident on the stars, drapery, and clouds. Both sides have brilliant, frosty silver luster with light to medium gold, rose, and blue toning over ivory surfaces.

Die State.
The obverse has a number of die rust chips and other defects, including a die dot between the 1 and 8, and rust marks just above the shoulder.

Condition Census.
Several nice AU examples exist, with the present piece at the top of the list. Our consignor considers this piece to be the only Mint State JR-1 dime in existence.

Appearances.
Plated in the 2002 Bowers and Merena catalog.

Obverse Die.
The date is wide with the 1 far from the curl, and the final 0 nearly joined to the drapery. Star 1 is smaller than the other stars, and is distant from the hair curls. Stars 7 and 13 are equally close to L and the drapery, and star 8 is quite close to the Y. LIBERTY is widely spaced with LI slightly closer than other letters, and TY slighter farther than other letters. B is slightly high.
State a. Perfect die, may not exist. State b. Extensive die rust is visible, including above Liberty's shoulder.

Reverse Die.
Star 12 is separated from the eagle's beak, diagnostic for the date. The reverse has 13 stars with six in the top row. Star 12 joins the scroll over the left top of the U, and nearly touches the lower beak. All letters in the legend are separated, with ME extremely close. The outside arrow ends under the right curve of the U in UNITED. A leaf is solidly joined to the right base of I.
State a. Always with the heavy break from the second feather to the border that developed on 1798 JR-4.

Heritage Commentary.
Struck immediately after 1798 JR-4 with the same reverse break that appears on late states of that variety. It is likely that the deliveries of March 25 and 26, 1800, consisted of both 1798 JR-4 dimes and 1800 JR-1 dimes.

Consignor Commentary.
This is the finest JR-1 I have seen, and I was surprised to see it graded AU58 as I believe it is Mint State. All other known Mint State 1800 dimes are from the JR-2 die combination. While there are other 1800 JR-1 dimes in AU58 holders, none are nearly as nice as this piece. The dime book states: "Probably not more than five are MS60 or better. Finest seen is MS60 in dealer's stock." I have never seen or heard of any Mint State pieces, and I doubt that any exist, other than the present example.

Provenance.
Bowers and Merena (9/2002), lot 191.
From The Ed Price Collection.
(Registry values: P6) (NGC ID# 236H, PCGS# 4470)

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