There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
3937

1838 10C No Drapery PR67 Cameo NGC....

2012 October 18-21 ANA US Coins Signature Auction - Dallas #1175

 
Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Oct 18, 2012
Item Activity: 8 Internet/mail/phone bidders
3,134 page views
Location: Dallas Convention Center
650 S. Griffin Street
Dallas, TX 75202

Description:

The Phil Kaufman 1838 No Drapery Dime
PR67 Cameo, Sole Proof Certified
Possibly Unique Survivor
1838 10C No Drapery PR67 Cameo NGC. Of all the amazing coins formerly in the Phil Kaufman Collection, this 1838 Superb Gem Cameo proof dime was among the most incredible. It is not only the solitary Cameo certified by either NGC or PCGS, is also the only proof example of the date seen by either service. This is unsurprising, as the 1838 proof dime is an extremely rare issue. Little mention appears in the numismatic literature. Breen's 1988 Encyclopedia gives only a question mark for the mintage figure, but then says "at least three proofs known." Many famous recent collections have lacked a proof example of the issue, including the Norweb, Lovejoy, Eliasberg, and Pittman collections. While Breen suggests the possibility of three known proofs, it is also possible that this piece is unique in proof.
The only references to auction appearances of 1838 proof dimes are in Breen's Encyclopedia of United States and Colonial Proof Coins, 1722-1989. Breen cites the F.C.C. Boyd-Adolph Friedman and Samuel W. Wolfson examples. Unfortunately, none of them include a photograph of the sale specimen, preventing us from determining whether the Kaufman coin is a match. We do, however, present the catalog description for each of those appearances.

1. Numismatic Gallery, World's Greatest Collection, Boyd, May 11-12, 1945, lot 510: "1838. K-1 (A. Kosoff attribution). Stars on obverse... . No drapery. Perfect die. Brilliant proof, scarce. Estimate Price $15.00." Price realized was $27.50; Numismatic Gallery, Friedman, August 20-21, 1946, ANA, lot 261: "K-1. With Stars. No drapery. Perfect die. Brilliant proof. Rare. (W.G.C.) Estimate Price $27.50." Price realized was $32.50.
2. "Impaired" (per Breen). Stack's May 3, 4, 1963, Samuel W. Wolfson Collection of United States Coins, Part II, Silver and Copper Coins, lot 530: "1838 Large Stars. A Proof impression. The obverse field is a trifle rubbed." This piece realized $100 at the time.

The present piece shows repunching on stars 1, 8, 9, and 12, most notably on star 8, and these are the only visible die characteristics on either side. Otherwise, both dies were quite well made. The richly frosted motifs stand out against the reflective fields, yielding magnificent cameo contrast. Additionally, the sharp strike has created strong, uniform definition on the design features, including all of the star centers, Liberty's hair and gown lines, and the leaf ribbing. The immaculately preserved surfaces are virtually stone-white with just a hint of light golden at the margins, and devoid of mentionable marks. Only a couple of tiny flaws appear, a lint mark below the A in STATES, and a barely perceptible contact mark on the lower right of the O in ONE. We point these out solely for identification purposes, as this Superb Gem possesses no other pedigree markers. The technical quality and aesthetic appeal of this coin are unimprovable, and at any rate this piece, given the infrequent appearances, may be the only proof 1838 dime surviving today.
Phil Kaufman told us before this coin's last offering: "I bought this coin in 1999. I first saw it almost 10 years earlier and did not buy it because I felt it was overpriced. I ended up paying MUCH more in 1999."
Ex: Phil Kaufman Collection, Part Two / FUN Signature (Heritage, 1/2008), lot 3017, which brought $161,000.
From The Greensboro Collection, Part I. (PCGS# 84721)

View all of [The Greensboro Collection, Part I ]
View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  | NGC Coin Grading Guarantee  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image




Videos:
FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
882,252
bidder-members
$972,001,619
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Only 21 days left to consign to the 2014 November 6 - 10 US Coins Signature Auction - Beverly Hills!
Learn About Consigning With Us
I can bid with confidence that I will obtain lots at the lowest possible price in Heritage auctions.
D.S. ,
Miamisburg, OH
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
REALIZED $36,096,003
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
REALIZED $10,501,015
2014 August 6 ANA Currency Platinum Night Auction - Chicago
2014 August 6 ANA Currency Platinum Night Auction - Chicago
REALIZED $2,960,604