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1837 10C MS64 Specimen NGC....
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Sold on Apr 29, 2010 for:
$23,000.00
Bid Source: Live: Floor bidder
Description
1837 JR-2 Capped Bust Dime
'MS64 Specimen' NGC
A Likely Proof Strike
1837 10C MS64 Specimen NGC. JR-2, unique as a
specimen/proof? Any debate of whether an early 19th century coin is
a proof or a prooflike business strike--given the absence of any
other evidence, such as known proofs struck from the same
dies--sooner or later devolves into the intent of the coiner, to
this cataloger's way of thinking. "Yes, but aren't the blanks
specially prepared, and aren't proofs struck more than once?" the
answer comes back. That too is a subjective determination, again
barring the existence of other information pro or con.On the present coin, the NGC holder tries to split the difference and understandably so. The overall surface preservation is impeccable, and the strike and planchet quality could easily lead one to believe that this is a true proof--the present cataloger among them. The strike is full. Raised diagonal lines clearly visible in the fields, especially on the obverse, indicate special polishing of the planchet. Most of the peripheral letters on the reverse show evidence of double-striking, along with the 18 on the obverse. The vertical spaces in the shield stripes do not show the prominent die polishing visible elsewhere, however, so it is understandable that opinions may differ.
Based on plate-matching, we have identified this coin as lot 666 of the Auction '82 sale (RARCOA session, 11/1982), where it was cataloged as a "CHOICE LILAC AND GOLDEN TONED PROOF. EXCESSIVELY RARE and very seldom offered or even seen in Proof." This is a coin that the John Reich reference book authors also identify as "Proof-63," calling it the "only proof specimen seen."
Ex: Auction '82 (RARCOA session, 11/1982); Paramount (2/1977).(Registry values: N2998)
Coin Index Numbers: (NGC ID# 237H, PCGS# 4529, Greysheet# 4013)
Weight: 2.67 grams
Metal: 90% Silver, 10% Copper
Auction Info
2010 April-May Milwaukee, WI CSNS US Coin Auction #1139 (go to Auction Home page)
Auction Dates
Apr-May, 2010
28th-2nd
Wednesday-Sunday
Bids + Registered Phone Bidders: 17
Lot Tracking Activity: N/A
Page Views: 2,199
Buyer's Premium per Lot:
15% of the successful bid per lot.
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