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1872-CC 10C MS63 PCGS. Fortin-101, R.5 (R.8 in Mint State)....

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Sold on May 12, 2015 for:
$182,125.00 Bid Source: Live: Floor bidder
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Description

1872-CC Seated Dime, MS63
Sole Certified Mint State Example
Ex: Battle Born Collection

1872-CC 10C MS63 PCGS. Fortin-101, R.5 (R.8 in Mint State). Ex: Battle Born Collection. A remarkable Select Uncirculated rarity in the Seated dime series. The coin displays exceptionally smooth, satiny surfaces that approach a semiprooflike sheen. Concentric toning captivates the eye with shades of reddish-gold, amber yellow, and royal blue, as well as violet hues merging into silver-pink centers. Dramatic reverse toning shows reddish burnt-umber, amber-gold, and deep lemon colors framing complementary pinkish-silver central devices. Interesting recut letters appear throughout the obverse legend, most noticeable on STATES. The central motifs are for the most part boldly rendered, with some incompleteness of strike especially at the obverse periphery, visible on Liberty's hair strands, the foot, and at OF AMERICA. The sole mentionable marks are Mint-related -- two short planchet streaks at Liberty's knee nearest the shield, and some light die polish lines in the right obverse field.

Variety: Fortin-101, the only die pair.

Population Data (3/15): PCGS shows this coin as the sole Mint State example of the issue at MS63. The next finest is a single AU58 specimen, followed by a lone AU50 coin. NGC reports no Mint State examples, with a trio of AU55 pieces and two coins in AU50 as the finest there. The present coin outranks all other certified examples by more than three grading points and is the lone Mint State coin at either service.

Heritage Commentary: This coin has been called "a miracle of preservation at the MS63 level." It is unusual that the 1872-CC dime often receives less "ink" than the Carson City dates that surround it. To be sure, the 1871-CC is a rare date with a lower reported mintage, yet the number of Mint State coins is relatively abundant (total eight Uncirculated coins at PCGS and NGC combined) in comparison to the Gardner sole example of the 1872-CC dime. Even the rare 1873-CC Arrows and 1874-CC Arrows dimes outnumber the 1872-CC in Mint State -- two-to-one and four-to-one, respectively, at last look. The unique 1873-CC No Arrows is represented by a single Mint State example, matching the 1872-CC dime in that regard. While certainly the 1873-CC No Arrows is the ultimate absolute rarity, the 1872-CC issue is the undisputed "condition rarity" of the series and significantly underrated among the other Carson City issues as such.

Consignor Commentary: With a mintage of 35,480 pieces, there may be another Uncirculated example out there, but in the 25 years the grading services have been at this, it has yet to surface. I would rate the coin as average for the grade, although it is attractively toned with the obverse fields showing some prooflike reflectivity. There are a number of heavy die polish lines in the right obverse field, but the coin is otherwise unmarked.

Provenance: James A. Stack, Sr.; later, Kennywood Collection (American Numismatic Rarities, 1/2005), lot 375; Rusty Goe; Battle Born Collection (Stack's Bowers, 8/2012), lot 11103.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 23A8, PCGS# 4657, Greysheet# 4122)

Weight: 2.49 grams

Metal: 90% Silver, 10% Copper

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by Rusty Goe

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Auction Info

2015 May 12 The Eugene H. Gardner Collection III US Coins Signature Auction - New York #1228 (go to Auction Home page)
Auction Dates
May, 2015
12th Tuesday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
Page Views: 2,877

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

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Sold on May 12, 2015 for: $182,125.00
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