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    Description

    Choice 1796 Draped Bust Dime, JR-6
    Exceptional Strike and Eye Appeal
    Popular First Year of Denomination

    1796 10C MS64 PCGS. JR-6, R.3. The 1796 Draped Bust, Small Eagle dime is the first 10 cent coin issued for circulation by the U.S. Mint, although a pattern disme was struck in 1792. According to Mint records, only 22,135 pieces were produced in 1796, but some numismatists believe 1796-dated dimes were also struck in 1797. The 1796 is an extremely important date for type collectors, as well as early dime specialists, because it represents the first date of the denomination, and the Small Eagle reverse was only used for two years. As a result, the 1796 is one of the most sought-after and valuable dates of the series.
    There are six die varieties known for the date, with this coin representing the JR-6 variety, characterized by the widely spaced letters in LIBERTY and the die break through the date. This coin is from a late state of the dies, with an extensive network of die cracks on both sides. The JR-6 is the second most available of the six die varieties, accounting for about 30 percent of the surviving population.
    The 1796 dime was a well-produced issue and a surprising number of specimens have survived in high grade. However, the issue is quite rare at the MS64 level. This delightful Choice example displays prooflike reflectivity in many areas, despite being a late die state. The surfaces are attractively toned in iridescent shades of gold and blue-steel. The surfaces show few signs of post-strike contact, but a few light adjustment marks can be detected on the right obverse edge and on Liberty's profile. The strike is exceptional for an early dime, with sharp definition on Liberty's hair and the eagle's breast feathers. This coin combines high technical quality, outstanding eye appeal, and terrific historical interest. The lot slip from the 1989 FUN Sale accompanies the coin. Population: 8 in 64, 12 finer (12/11).
    Ex: 1989 FUN Sale (Mid-American Rare Coin Auctions, 1/1989), lot 2593(Registry values: P7) (NGC ID# 236B, PCGS# 4461)

    Weight: 2.70 grams

    Metal: 89.24% Silver, 10.76% Copper


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

    Auction Info

    Auction Dates
    February, 2012
    2nd-5th Thursday-Sunday
    Bids + Registered Phone Bidders: 23
    Lot Tracking Activity: N/A
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    Due completely to Heritage's thoroughly diligent and professional management and promotion of the collection, the faraday Collection stirred national attention among numismatists and the auction results brought a gross value greater than that last estimated by the experienced collector.
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