LOT #3049 |
Sold on May 3, 2023 for: Sign-in
or Join (free & quick)
1792 H10C Half Disme, Judd-7, Pollock-7, R.4, PCGS Genuine....
Click the image to load the highest resolution version.
Sold on May 3, 2023 for:
$69,000.00
Bid Source: HA.com/Live bidder
Description
1792 Half Disme, PCGS Genuine
Judd-7, Strong Detail for the Type
First Regular American Coinage Issue
1792 H10C Half Disme, Judd-7, Pollock-7, R.4, PCGS Genuine.
The PCGS number ending in .98 suggests Damage as the reason, or
perhaps one of the reasons, that PCGS deemed this coin not
gradable. In our opinion, this coin has the details of a AU
specimen that has been repaired and smoothed. The 1792 half disme
is now fully recognized as the first official United States coinage
issue struck after the passage of the Mint Act of April 2, 1792.
The notion that these coins were manufactured strictly as patterns
has been thoroughly debunked thanks, in part, to the excellent work
of Pete Smith, Joel J. Orosz, and Leonard Augsburger and their
seminal reference, 1792: Birth of a Nation's Coinage. They
write:"The records are clear that Thomas Jefferson delivered $75 at the mint to be coined on July 11, 1792. Then on Friday, July 13, he picked up 1500 half dismes that had been coined. According to the Act of April 2, 1792, this was coinage and it was legal tender.
"In that one week in July, [Mint Director David] Rittenhouse asked permission to strike coins, the president approved, a deposit of silver was made, coins were struck and delivered to the depositor. From this evidence, it is clear that the 1500 'first strike' half dismes produced in July were regular issue coins."
A smaller, unknown number of half dismes were struck again in October 1792, possibly for presentation purposes. However, given that this example matches the diagnostics for the early July strikes, there can be no doubt as to its status as one of the first coins struck by authority of the United States government for circulation in this country.
The authors of 1792: Birth of a Nation's Coinage write: "This coin has an unusual appearance. A typical coin shows a fine line inside the denticles. On this coin the area appears to have extra metal along this line on the reverse SE quadrant. The fields around HALF DISME also have an unusual appearance." Despite its imperfections, this remains a well-detailed representative of tremendous historical and numismatic significance. It is sure to find a good home in any advanced set of American coinage.
From The B & D Sanders Collection of Pre-1800 Type Coins.
View all of [The B & D Sanders Collection of Pre-1800 Type Coins. ]
Auction Info
2023 May 3 - 7 CSNS US Coins Signature® Auction #1359 (go to Auction Home page)
Auction Dates
May, 2023
3rd-7th
Wednesday-Sunday
Bids + Registered Phone Bidders: 35
Lot Tracking Activity: N/A
Page Views: 1,314
Buyer's Premium per Lot:
20% of the successful bid per lot.
Numismatic Background and Census of 1802 Half Dimes: A Classic American Rarity
This 64-page book cites mintage and rarity estimates by prominent numismatists and documents the currently known 1802 half dime appearances. Each of the 32 documented examples includes an enlarged obverse/reverse photograph, the author's assigned grade, the provenance of each coin, auction prices realized or dealer fixed asking price, and a unique serial number for each specimen that will facilitate retrieval for research, cataloging, or price-information purposes. Reserve your copy of this remarkable volume for just $29.95 today.
This 64-page book cites mintage and rarity estimates by prominent numismatists and documents the currently known 1802 half dime appearances. Each of the 32 documented examples includes an enlarged obverse/reverse photograph, the author's assigned grade, the provenance of each coin, auction prices realized or dealer fixed asking price, and a unique serial number for each specimen that will facilitate retrieval for research, cataloging, or price-information purposes. Reserve your copy of this remarkable volume for just $29.95 today.
Shipping, Taxes, Terms and Bidding
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial
Important information concerning Sales Tax and Resale Certificates. Learn More
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | US & World Coin Grading Tutorial