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Lot
2257

1874 10C Arrows MS69 NGC....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Astounding MS69 1874 Arrows Dime
The Ultimate Type Coin
1874 10C Arrows MS69 NGC. From 1837 to 1891, the long-lived Liberty Seated dime series experienced a number of design changes, creating five major subtypes: the Plain Obverse; the Stars on Obverse; the Stars on Obverse, Arrows at Date; the Legend on Obverse; and the Legend on Obverse, Arrows at Date. The Plain Obverse and the two Arrows at Date subtypes were struck only briefly, focusing type demand on a handful of issues. Among them is the 1874 Arrows dime, which has a mintage of slightly under 3 million pieces.
It is fascinating to note that in the NGC Census Report, there are only two Liberty Seated dimes of any variety graded MS69, and both are Arrows pieces, one the 1874 Arrows coin offered here, the other an 1853 Arrows dime; by extension, the two short-lived Arrows subtypes are represented in MS69, whereas the other, much longer-lived varieties have no NGC-certified examples at that level (3/09). The PCGS Population Report adds just one other MS69 to the combined certified population, the Eliasberg 1845-O dime that outgrades its nearest competitor by seven points.
As one might imagine, this is an exquisitely preserved survivor, frosty and undeniably beautiful. Rich peripheral patina, largely cerulean and blue-green with occasional reddish-gold elements, surrounds immensely lustrous and untoned centers. It is scarcely possible to imagine how this dime came through more than a century of tumultuous time with none but the tiniest of flaws, yet it has, and its next owner is certain to treasure it.
Ex: The James W. Lull Collection (Bowers and Merena, 1/2005), lot 673.
From The Joseph C. Thomas Collection.(Registry values: N1) (NGC ID# 23BK, PCGS# 4668)

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