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Lot
6301

1830 H10C PR66 NGC. V-10, LM-1.1, R.4....

2013 September 25 - 29 US Coins Signature Auction - Long Beach #1189

 
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Auction Ended On: Sep 27, 2013
Item Activity: 10 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

1830 Half Dime, PR66
First Auction Appearance of This Coin
Only Verified Proof of the V-10, LM-1.1 Variety
1830 H10C PR66 NGC. V-10, LM-1.1, R.4. A large mintage of 1.2 million Capped Bust half dimes was accomplished in 1830, with 14 different die varieties for the date. A very small number of proofs were struck, but no official mintage totals were recorded. NGC and PCGS have combined to certify only five proof examples of this date, with this specimen the finest seen at either service (8/13).

In his Encyclopedia of United States and Colonial Proof Coins, Walter Breen enumerated proof examples from three die varieties, LM-1 (V-10), LM-3 (V-8), and LM-9 (V-5). Breen stated that he had owned a proof of the LM-1 variety himself that showed signs of cleaning, and had been showed another example by David Bullowa in 1952. Both coins were reportedly in a private collection in 1975. However, the authors of the standard series reference Federal Half Dimes 1792-1837 stated they had never seen any true proofs of the LM-1 and LM-3 varieties as of 1998.

In their 65th Anniversary Auction of 10/17-19/2000, Stack's sold a proof specimen of the LM-3 variety, which had previously been owned by Reed Hawn, proving Breen was correct about the LM-3 proofs. We believe the present coin is the first example of an LM-1 proof to appear at auction, validating Breen's assertion that proofs of this variety exist.

The present coin is from an old European collection, acquired by a nobleman who visited this country in the mid-19th century and preserved by his family to the present day. This piece is a magnificent Premium Gem that possesses extraordinary eye appeal to complement its high technical quality. The obverse shows a few diagonal drawing lines across the bust that were not completely eliminated when the coin was struck. This caused a slight softness in the details of the portrait and the corresponding area on the reverse. The peripheral design elements are sharply detailed. The deeply mirrored fields are blanketed in attractive shades of champagne-gold and cerulean-blue toning. No mentionable distractions are evident. As the finest known 1830 proof half dime and the only verified proof example of the LM-1 variety, this coin represents a once-in-a-lifetime opportunity for the advanced specialist.
Obtained by a European noble while visiting this country in the middle 19th century and retained by the same family until the present time.
From The Noblesse Collection. (NGC ID# 27CL, PCGS# 4301)

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