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Lot
5469

1829 H10C PR64 NGC. V-7, LM-1, High R.7 as Proof....

2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151

 
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Auction Ended On: Jan 6, 2011
Item Activity: 5 Internet/mail/phone bidders
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Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:
Choice Proof 1829 Half Dime
V-7, LM-1, Very Rare Proof Variety
1829 H10C PR64 NGC. V-7, LM-1, High R.7 as Proof. Coinage of half dimes resumed in 1829, after a 24-year hiatus. The 1829 coinage introduced the Capped Bust design to the half dime denomination, creating an important first-year type coin. There are 18 die marriages known for the date, and at least six of them were used to strike proofs. The present coin represents the LM-1 variety, with three pale gules in the shield, and the scroll beginning under the left serif of E in UNITED. Walter Breen was only aware of a single proof coin of this variety, an example from Virgil Brand's collection that later appeared in an unspecified New Netherlands sale. We do not know if this specimen is that identical coin, but at least one other example has been offered at auction since Breen wrote about this issue in 1977. It seems possible that several proof LM-1 coins are extant today, but the number must be extremely small.
The present coin is a spectacular near-Gem, with sharply detailed design elements throughout. The surfaces exhibit a vivid play of colors, with iridescent shades of gold, crimson, and cerulean-blue covering both sides. The fields are brightly reflective under the toning. (NGC ID# 27CK, PCGS# 4294)

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