1792 H10C Half Disme, Judd-7, Pollock-7, R.4, VF25 PCGS Secure....
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Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- You may take up to four (4) months to pay the balance (monthly payments of at least 1/4th of invoice total).
- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- Heritage will maintain possession of all the lots until paid in full. Therefore, you must notify us of your intent to use our Extended Payment Plan on or before the day of the auction. All pre-shipped material must be returned to Heritage in order for the plan to be in effect.
- When you get your electronic invoice, select "other" from the payment options.
- Send an e-mail to EPPGroup@HA.com indicating the invoice number and your intention to use the Extended Payment Plan.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Minimum down payment is 20%.
- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
The First Circulating Coins Struck
Recent research indicates that Thomas Jefferson, then the Secretary of State, was directly involved with the production of the half dismes and may have even personally delivered the silver used to strike the coins. George Washington specifically referenced these coins in his November 6, 1792 State of the Union Address when he said: "There has also been a small beginning in the coinage of half dimes, the want of small coins in circulation calling the first attention to them." Although classified as a pattern in Judd and Pollock, the half dismes clearly circulated, which appears to have been Washington's intention.
Legend has it that the half dismes were given out by George and Martha Washington to dignitaries in Europe and their friends in Virginia. Another popular story says that the Washingtons donated their silverware to strike these coins. Joel Orosz and Carl Herkowitz (2003), however, present a convincing case that the coins were made from bullion. Yet another legend holds that Martha Washington served as the model for the 1792 half disme, but this appears to be an embellishment by Mint Director James Ross Snowden some years later. If anything, these myths reveal one thing: that the 1792 half dismes have inspired collectors and others for generations.
The half dismes were not actually struck at the Philadelphia Mint, but are generally believed to have been minted in the cellar of John Harper, a saw maker. Various sources estimate the mintage at 1,500 or 2,000 pieces. Probably 10 to 20 percent of these coins survive, which is a remarkable number for an early United States issue. It is reasonable to assume that the half dismes were specially presented to select individuals who saved them for posterity, as reported by the Mint's Chief Coiner Adam Eckfeldt.
The unusual spelling "disme" was used internally by the Mint for many years and first appeared in Simon Stevinus of Bruges' De Thiende (The Tenth), which was a mathematical text published in 1585. The pronunciation used by Americans in 1792 is unknown, but many numismatists think that it was probably pronounced "deem." Another common pronunciation is "diz-me." The legend on the obverse, which stands for LIBERTY, PARENT OF SCIENCE & INDUSTRY, is reminiscent of Benjamin Franklin's proverbs.
The present coin is an attractive example of this highly desirable issue. A lovely shade of gray-blue toning covers both sides. The high points show even wear, and all of the details are well defined. A couple of shallow scratches around the HA in HALF are noted for future pedigree purposes. There is a light planchet crack (as made) from the field above Liberty's head through the portrait, terminating at her upper neck. The reverse has two minor planchet flaws: one at the juncture of the eagle's (right) facing wing and body, the other in the field below the left (facing) wing. An excellent piece for an important cabinet of American coins.(Registry values: P9) (PCGS# 11020)
Service and Handling Description: Coins & Currency (view shipping information)