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Lot
2070

1854 10C Arrows PR64 PCGS. According to Walter Breen's Encyclopedia of United States and Colonial Proof Coins, the diag...

2007 St. Louis, MO (CSNS) Signature Coin Auction #434

 
Sold for: Not Sold
Auction Ended On: May 10, 2007
Item Activity: 3 Internet/mail/phone bidders
139 page views
Location: St. Louis, MO
Description:
Very Rare Choice Proof 1854 Dime
1854 10C Arrows PR64 PCGS. According to Walter Breen's Encyclopedia of United States and Colonial Proof Coins, the diagnostics for proof 1854 dimes include all digits and arrows touching the base and the 54 in the date touching each other. This coin meets those criteria, and further establishes its proof status by its razor-sharp strike and the polished fields, which, while not quite as reflective as the fields found on later proofs of the type, are completely in line with those found on other pre-1858 proof coinage. Polishing lines are readily evident through the reverse fields. Rose-gray in color, this coin is seemingly limited in grade only by a few pinpricks in the obverse field. Indeed, it is difficult even to determine a pedigree mark on this piece.
While the 1854 dime is one of the more common dates in the series as a circulation strike, it must be stressed that this is a very rare piece as a proof, with an estimated mintage of only 15 pieces and a certified population of 16, including resubmissions, at the two major grading services combined. A search through our records shows that this is only the second such piece we've ever had the pleasure of offering, and indeed, only two other proof 1854 dimes have appeared at any public auction since the turn of the millennium. This is an opportunity for the specialist in Seated dimes or early proof coins to acquire a piece that appears in the market only with great infrequency; indeed, it may be several years before another proof 1854 dime becomes available at any price. (NGC ID# 23CF, PCGS# 4743)

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