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Lot
1587

1792 H10C Half Disme, Judd-7, Pollock-7, R.4, VF35 PCGS....

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

 
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Auction Ended On: Jul 31, 2008
Item Activity: 9 Internet/mail/phone bidders
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Location:

Baltimore, MD

Description:
Historically Significant Judd-7 1792 Half Disme, VF35
1792 H10C Half Disme, Judd-7, Pollock-7, R.4, VF35 PCGS. Listed as number 18 in Jeff Garrett and Ron Guth's 100 Greatest U.S. Coins, the 1792 half disme--pronounced "deem"--is an incontrovertible numismatic classic. Few coins are as steeped in mystery, beauty, and history as the cent, half disme, disme, and quarter dollar issues of 1792. Unfortunately, all of the denominations except the half disme are prohibitively rare and few collectors will ever see an example, let alone own one. Even by the strictest of standards, the half dismes are scarce, if not rare in terms of availability. From an original mintage of 1,500 pieces (per Thomas Jefferson's July 13, 1792 account book entry), it is believed that approximately 200 survivors are extant in all grades, including many mangled, bent, holed, plugged, or otherwise damaged examples. The estimated survival rate of 13% is actually high relative when compared to other early Federal issues. Perhaps the half dismes were heavily saved due to the novelty of being our nation's first quasi-official coins, or maybe the traditionally accepted mintage of 1,500 pieces is incorrect to the low side; yet another mystery surrounding these fascinating little coins.
One thing that we know for certain is that the 1792 half dismes circulated. The NGC Census Report and the PCGS Population Report indicate a combined total of 110 half dismes in all grades and all but 29 coins are in circulated condition, with the majority of those pieces grading in the VF range. The current offering approaches the XF level and displays evidence of slight wear over the design elements. Unlike most half dismes, this piece does not have any planchet voids or laminations. The only surface flaws are a few shallow pinscratches below the eagle's wings. Each side is toned in lovely iridescent shades of blue, rose, and yellow-gold. A pleasing and attractive example of this historic coin.(Registry values: P9) (PCGS# 11020)

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