1794 DTH10C Half Dime, Judd-15, Pollock-19, R.8, AU55 NGC....
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
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).
Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
Heritage retains 10% (minimum $40 per lot) of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
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 $9) 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).
- Interest is calculated at only 1% per month (12% annually) on the unpaid balance, and must be kept current.
- 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:
- All payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- All payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, or bank draft.
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
All traditional sales policies still apply. Due to the nature of the business and market volatility, there is no return privilege once you have confirmed your sale, and penalties can be incurred on cancelled orders.
- 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.
1794 Half Dime Die Trial
Judd-15, Pollock-19, AU55
Design. Both obverse and reverse dies were used to strike regular-issue half dimes of the V-3, LM-3 variety dated 1794. Struck in copper with a reeded edge.
Commentary. In his magnum opus United States Patterns and Related Issues, Andrew Pollock III subdivides the older Judd-15 designation into two closely related classifications, Pollock-19 and 20. Pollock-19 is from the dies used to strike V-3, LM-3 variety 1794 half dimes, with the date close to the bust. Pollock-20 is from the dies used to strike V-4, LM-4 half dimes, with the date placed far from the bust. The present coin is one of the two known examples of Pollock-19.
The 1794 half dime was the first coin of this denomination struck at the U.S. Mint, because the famous 1792 issue was actually struck in John Harper's cellar before the Mint was built. Both examples of Pollock-19 are true die trial pieces, struck to test the half dime dies in 1794 or early 1795. In Federal Half Dimes 1792-1837, Russell Logan and John McCloskey report that all 1794 half dimes were delivered on March 30, 1795, so it is likely that the Pollock-19 coins were actually struck in early 1795. Both examples are remarkably well preserved, with the present coin certified as AU55 by NGC, and the other specimen grading an astounding MS64 Brown, also by NGC. It is clear that this issue has been prized and well cared for since the earliest days of the hobby.
Robert Coulton Davis compiled the first important listing of pattern coinage, published serially in The Coin Collector's Journal from 1885-1886. The 1794 half dime pattern was described as follows, "No. 12.-Obv. LIBERTY. Head with flowing hair to right. Before the head, seven stars; behind seven. In ex., 1794. Rev. UNITED STATES OF AMERICA. An eagle with outstretched wings within a wreath of laurel. This is the pattern mill, or 1/10 of a cent. Copper." Davis apparently missed the first star behind Liberty's head, enmeshed in the curls.
The attribution of this pattern as a mill has caused much confusion among pattern researchers. Pollock notes that "R. Coulton Davis regarded these pieces as pattern mills, equivalent to one tenth of a cent. Interestingly, Davis' attribution seems to be substantiated by the weight of one specimen enumerated in the census below, 19.7 grains, which, of course, is very close to the expected theoretical weight of 20.8 grains. Unfortunately, no other weight data are presently available for this variety." Pollock was referring to the present coin, which he had examined, weighed, and measured. His theory that Davis might have attributed the coin based on weight and composition is ingenious, but further research has uncovered a different source for the attribution.
A description of an obscure lot in the Mickley Collection (Woodward, 10/1867), lot 2138, explains Davis' curious attribution. The lot description follows, "2138. Pattern Mill, or tenth of a cent, 1794, copper, struck from the dies of the 1794 Half-Dime, fine and excessively rare, possibly unique." From this description, it is clear that Davis was not basing his attribution on scientific weights and measures. He was merely describing the coin that appeared in the Mickley sale 18 years earlier. Of course, Pollock's observation may explain why Woodward described the coin as he did in 1867.
The whereabouts of the present example prior to its appearance in Auction '85 has puzzled researchers for the last century. In The Comprehensive Catalogue and Encyclopedia of United States Coins, Don Taxay specifically states the coin in the Mickley Collection was from the "Val. 3" dies, identifying it as a Pollock-19. It is hard to know what his source was, since the lot description is not detailed enough to differentiate between V-3, LM-3 (Pollock-19) and V-4, LM-4 (Pollock-20) dies. Perhaps he had information on the location of the single known example of Pollock-20 in 1867. In any case, trusting that Taxay is correct in identifying lot 2138 as the long-missing present example of Pollock-19, part of the mystery is solved. The purchaser of lot 2138 was Col. Mendes I. Cohen, the prominent Baltimore collector. At the sale of the Cohen Collection (Cogan, 10/1875), lot 384 is described as follows, "1794 Half Dime. Copper. Trial piece. Exceedingly rare. Fair." The lot was purchased by Jules Fonrobert, the great industrialist and collector from Berlin. Fonrobert was bidding under the name "Roberts" at the sale. Fonrobert sold his collection through Adolph Weyl in 1878. Extensive research has failed to turn up any further appearances of this coin until it surfaced in Auction '85. Much like the second example of the Paquet Reverse double eagle, the coin seems to have gone overseas in the early times and only returned after a lengthy hiatus. The present offering is incredibly important, as the coin may not appear on the market again for years.
Physical Description. The strike is strong for a coin of 1794, with only a little softness on the eagle's breast. The surfaces are a lovely chocolate-brown and have a minimum number of abrasions for the grade. There is a small rim bruise above the B in LIBERTY. Excellent eye appeal and fascinating history combine in this nearly unique pattern from the earliest days of the Mint.
Census. The following census was expanded from information provided by USPatterns.com.
1. Matthew Stickney (per Don Taxay); Stickney Collection (Henry Chapman, 6/1907), lot 447; William H. Woodin; Waldo C. Newcomer; Maj. Lenox Lohr; Robert Batchelder; River Oaks (Bowers and Ruddy, 11/1976), lot 936; Public Auction Sale (Stack's, 1/1987), lot 511; Red Bank Collection (American Numismatic Rarities, 12/2003), lot 278; Southern Collection; Simpson Collection. The Adams-Woodin and Judd plate coin.
2. Possibly Ex: Joseph Mickley; Mickley Collection (Woodward, 10/1867), lot 2138; Col. Mendes I. Cohen; Cohen Collection (Cogan, 10/1875), lot 384; Jules Fonrobert; Die Jules Fonrobert Sammlung (Adolph Weyl, 2/1878); unknown intermediaries; Auction '85 (Stack's, 7/1985), lot 1595. The present coin.
From The Lemus Collection, Queller Family Collection Part Two. (PCGS# 11042)
Service and Handling Description: Coins & Currency (view shipping information)