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1794 H10C MS64 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 10 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Desirable 1794 V-1, LM-1 Half Dime, MS64
1794 H10C MS64 PCGS. V-1, LM-1, R.6. The V-1 is the rarest of the four known die marriages of this premier half dime issue. Stars eight and twelve are boldly recut, as is the upright of the T in UNITED and two berries are seen under the eagle's left (facing) wing. A later die state with wispy die cracks across the obverse.
First produced in 1794, Robert Scot's Flowing Hair half dime emulated his design of the similarly dated half dollar and silver dollar. This began the trend of uniformity among the silver denominations that would continue through the half dime's demise nearly 80 years later. The four 1794-dated obverse dies were actually pressed into service starting in early 1795. On March 30, 7,756 half dimes were delivered, most of which were probably dated 1794. A further 78,660 pieces were produced before the end of 1795 for a total production of 86,416 half dimes of the Flowing Hair type. It is generally believed that 10 times as many 1795 examples were coined as 1794s, an estimate that is upheld by the ratio of surviving circulated examples.
Many of the extant Mint State 1794 half dimes are poorly preserved examples from the Wadsworth-Rea hoard. This Choice, deeply toned example is bathed in steel-violet and aquamarine shades. A few crisscrossing adjustment marks are seen at the lower obverse. However, the surfaces are free from other post-striking, distracting marks and are well detailed including the normally weak eagle's body. An important opportunity to acquire a wonderfully preserved example of silver coinage from its initial year of production. Population: 10 in 64, 8 finer (3/09).
From The Joseph C. Thomas Collection.(Registry values: P6) (NGC ID# 22ZT, PCGS# 4250)

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