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Lot
496

1792 H10C Half Disme, Judd-7, Pollock-7, R.4, Good 6 PCGS....

2010 June Long Beach, CA Signature US Coin Auction #1140

 
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Auction Ended On: Jun 3, 2010
Item Activity: 13 Internet/mail/phone bidders
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Location:

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

Description:
Historic 1792 Half Disme, Judd-7, Good 6
1792 H10C Half Disme, Judd-7, Pollock-7, R.4, Good 6 PCGS. Our nation's first coin, the 1792 half disme, is highly desirable in any grade. Rumors abound about these coins, although today all we really know is that they were produced in late 1792, before the physical Philadelphia Mint building was ready for occupancy. For many years these half dismes were considered pattern issues, and even today they are still identified by their Judd and Pollock attribution numbers. Enough pieces survive, and nearly always in circulated grades, that there is no doubt they circulated as money in the 1790s.
When Alexander Hamilton set the stage for a national coinage with his 1790 report to Congress, he failed to mention a half dime or five cent piece. However, Congress added that denomination in their April 1792 Coinage Act, and the silver five cent coins remained in production with few intermissions until 1873.
This piece is a wonderful example with pleasing pewter-gray surfaces. Liberty is fully outlined and the obverse legends are complete, with partial border details. The reverse is weaker, and the eagle is missing its entire right wing, almost as if flying out of a cloud. Most of the reverse lettering is visible. Although critical, microscopic examination will reveal a number of faint scratches and tiny surface marks, the aesthetic desirability is excellent. Here is a wonderful opportunity for the history-minded numismatist to acquire one of these delightful coins.(Registry values: P9) (PCGS# 11020)

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