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Lot
6041

1859 10C TRANS

2001 October Long Beach Signature Sale #271

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Auction Ended On: Oct 4, 2001
Item Activity: 3 Internet/mail/phone bidders
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Location: Long Beach, CA
Description:
Desirable 1859 Transitional Seated Dime
1859 10C Transitional PR64 PCGS. In 1860, the Mint adopted James Longacre's new cereal wreath reverse for the Seated Dime. Sometime this year, the Coiner's Department at the Philadelphia Mint combined one of the new reverse dies with an 1859-dated obverse to produce perhaps a dozen proofs (per Breen 1988, although current NGC and PCGS population data suggests a higher original mintage). These pieces do not display the legend UNITED STATES OF AMERICA on either side. Mint Director Snowden probably distributed these coins to collectors in exchange for pieces with which he could enhance the U.S. Mint Collection. In addition to their rarity, survivors are widely pursued for their novelty. An obviously important near-Gem, the surfaces are framed in olive-russet peripheral toning with lighter, lilac tinged highlights in the centers. Razor sharp striking definition and broad rims are noted on both sides.
From the Gulf Coast Collection. (NGC ID# 23CH, PCGS# 4749)

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