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Finest Known V-1, LM-1 1794 Half Dime, MS65
R.6, Rarest of the Four Die Marriages Known

1794 H10C MS65 PCGS Secure. V-1, LM-1, R.6. Although the U.S. Mint in its second full year of operation finally started striking a few silver pieces, its efforts were limited to half dimes, half dollars, and silver dollars. It is believed, however, that all of the 1794-dated half dimes were in the delivery of March 30, 1795, in the amount of 7,756 coins, which may have contained a few 1795-dated examples as well. Note that the reported mintage of 1795 half dimes is an amount more than 10 times as large, or 78,660 pieces.
There are four die marriages known for the 1794 half dimes, struck from three obverses and three reverses. The present Gem specimen of the V-1, LM-1 pairing, at R.6, is the rarest of the four die pairings known and undoubtedly the finest known of the variety. The date is wide, with 179 distant from each other. Stars 8 and 12 are boldly recut on the obverse. On the reverse, the upright of the T in UNITED is recut. The most easily discernible diagnostic, however, is the two berries inside the wreath under the eagle's left (facing) wing, with no outer berries. Robert Scot's Flowing Hair half dime is similar in overall design to his half dollar and silver dollar of the same year. Many high-grade Mint State 1794 and 1795 half dimes derive from the Wadsworth-Rea hoard, but those pieces are generally of inferior quality compared to this exceptional coin. Rich olive, gray, and rose-colored toning appears over each side, with strong underlying mint luster. No abrasions are apparent on either side of this immaculate coin. The only technical flaw is a bit of irregular striking definition on the devices. This marvelous Gem is another "old friend" come to revisit, now housed in a PCGS Secure holder. The finest V-1, LM-1 known.
Ex: ANA Signature (Heritage, 7/2005), lot 10145, which realized $69,000.(Registry values: P6) (NGC ID# 22ZT, PCGS# 4250)

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Auction Dates
March, 2011
Internet/Mail/Phone Bidders: 13
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