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Lot
2258

1797 H10C 15 Stars MS62 NGC....

2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104

 
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Auction Ended On: Apr 17, 2008
Item Activity: 5 Internet/mail/phone bidders
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Location: Rosemont, IL
Description:
Lustrous 1797 LM-1 Half Dime, MS62
1797 H10C 15 Stars MS62 NGC. V-2, LM-1, R.3. The number of stars immediately differentiates between three known obverse dies of 1797 half dimes. It is believed that the 15 Stars coins were struck first, followed by the 16 Stars coins, and then the 13 Stars pieces. The obverse die with 15 stars was certainly created in early 1796, remaining unused for more than six months.
We know that Kentucky was the 15th state, and Tennessee, admitted on June 1, 1796, was the 16th state. Therefore, the 15 Stars obverse die was made prior to June 1, 1796, probably with just the 179 of the date entered into the die. The 17th state was Ohio, admitted in 1803, so the 16 Stars obverse dies could have been made anytime in 1797. Finally, later in 1797 Robert Scot realized that there was no more room for additional stars, and a decision was made to limit all coins to just 13 stars.
A typical soft strike at the center is surrounded by sharp peripheral details. Both sides have satiny silver luster with hints of heather and darker iridescence. Census: 11 in 62, 26 finer (2/08).(Registry values: P6) (NGC ID# 22ZZ, PCGS# 4258)

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