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    Description

    1822 JR-1 Capped Bust Dime, MS66
    Tied for Finest Known of This Key Date
    Beautiful Toning

    1822 10C JR-1, R.4, MS66 NGC. The 1822 is the only major "stopper" in a date set of Capped Bust dimes. Collectors seeking an example are confronted with occasional sightings of low-grade and/or impaired coins and a glaring absence of problem-free high-grade pieces. David J. Davis, et al, in Early United States Dimes 1796-1837 (1984), estimated that about 300 examples were known in all grades, although a more recently published figure suggests that only 200 to 250 pieces survive. NGC and PCGS combined report 161 grading events, including possible resubmissions, but this figure does not include numerous impaired coins. Most examples grade VG or lower, and there are likely fewer than 50 pieces known in VF or finer condition, possibly significantly fewer, if auction records are an accurate indication. Davis, et al, write:

    "As a scarce date, 1822 dimes have been the subject of hoarding. The largest accumulation known to the authors was a group of 17 sold by Paramount International Coin Corporation in the early 1970's. The best of the lot was an EF-40 with a couple of scratches. There were two very fine coins, one with a dig, and the rest averaged a little better than good."



    Mint State coins are rarities of extraordinary fame. A commonly quoted survival estimate is about 10 Uncirculated coins, which was first published in the aforementioned Early United States Dimes 1796-1837. Today, PCGS and NGC combined report 21 Uncirculated specimens, one of which is a near-Gem designated as Prooflike. However, duplication may exist in the certification data. We estimate that the number of Mint State pieces known is somewhere between the common 10-coin estimate and the certified total, having personally seen at least 10 different pieces within the last two decades.

    The finest examples of this Capped Bust rarity are a pair of Premium Gems. One is the Pogue PCGS coin (Stack's Bowers, 2/2016). The other is this NGC piece, which has been off the auction market since early 2013. Distinctive ocean-blue, lavender, and autumn-gold toning appears in the margins, leaving the interiors silvery-white. Typical of the issue, strike weakness occurs on the lower obverse stars -- a characteristic shared by the Pogue coin -- while the central devices are bold. Satiny luster shows only the most insignificant grazes under a loupe. Early type coins, particularly Capped Bust issues, are a vibrant part of the modern coin market, but rarely do such incredibly high-grade and important pieces as this 1822 dime appear at auction.
    Ex: FUN Signature (Heritage, 1/2004), lot 2033; FUN Signature (Heritage, 1/2007), lot 864; ANA Signature (Heritage, 10/2012), lot 3889; Long Beach Signature (Heritage, 2/2013), lot 3756. (NGC ID# 236Z, Variety PCGS# 38801, Base PCGS# 4497)

    Weight: 2.70 grams

    Metal: 89.24% Silver, 10.76% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Info

    Auction Dates
    April, 2018
    25th-29th Wednesday-Sunday
    Bids + Registered Phone Bidders: 24
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