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    Description

    1804 Draped Bust Dime, AU55
    13 Stars Reverse, JR-1
    Ex: Parmelee-Bareford-Lovejoy

    1804 10C 13 Stars Reverse, JR-1, R.5, AU55 NGC. According to Mint records, only 8,265 Draped Bust dimes were struck in 1804, a small production even for those early times. The 1804 has been known as a rarity since the earliest days of the hobby and no Mint State examples have ever appeared at auction, although one has been reported in a Museum in France. Two die varieties are known for the date, with a shared obverse die and two reverse dies that are easily differentiated by the number of stars above the eagle. This coin represents the JR-1 variety, with the 13 stars reverse. The reverse die was used to strike quarter eagles and dimes in 1802 and quarter eagles again in 1804, before its final use here.

    This present coin is one of the best-known examples of this celebrated issue and has a well-documented history dating back to the famous Parmelee Collection, before 1890. It has been a highlight of several important collections since then, including those of Howard Rounds Newcomb and Allen F. Lovejoy. Newcomb was a student of the series who did some of the early work on die varieties, as evidenced by the listing of his collection in the 1914 ANS Exhibition. Lovejoy was one of the leading specialists in the early dime series and one of the authors of Early United States Dimes 1796-1837.

    As of November 2019, this piece is the finest-certified example of this variety at NGC and is tied with two AU55 examples at PCGS for finest-certified honors (there is one AU58 example of the 14 stars reverse, JR-2, at PCGS and an MS63 specimen at NGC). The untoned silver centers of this Choice AU specimen yield to shades of lavender, champagne, and rose at the peripheries. This coin has always been recognized by two long pinscratches, the lower more obvious, that run from stars 9 and 10 diagonally across Liberty's face. The lower scratch runs from the corner of the lip to below the ear and onward to star 2. Three grayish toning spots appear in the left obverse field, behind the hair ribbon, below star 7 and below L. Die rust appears near star 1 and below the throat. Strike unevenness makes the obverse denticles strongest from 9 o'clock to 3 o'clock and weak to nonexistent elsewhere. Much interior detail remains intact on Liberty's hair and the eagle's feathers, but the reverse shows evidence of lapping from its earlier uses. Star 4 is absent; stars 5, 6, and 10 are weakly struck. A touch of sky-blue patina hugs the rim at AME. The eagle and peripheral legends are fairly well-struck, and the dentilation shows an imbalance similar to the obverse. This coin possesses a combination of high technical quality, outstanding eye appeal, and illustrious history. The discerning collector will bid accordingly. This coin is the plate coin in Early United States Dimes 1794-1837. Census (for the variety): 1 in 55, 0 finer (11/19).
    Ex: Lorin G. Parmelee Collection (New York Coin & Stamp, 6/1890), lot 819; Howard R. Newcomb Collection (J.C. Morgenthau, 2/1945), lot 523; Public Auction (Norman Shultz, 1/1949), lot 1023; Harold Bareford Collection (Stack's, 10/1981), lot 149; Allen F. Lovejoy Collection (Stack's, 10/1990), lot 26; Waldo Bolen; Numisma '95 (RARCOA, 11/1995), lot 2018; Richard Jewell Collection ( American Numismatic Rarities, 3/2005), lot 1595; Milwaukee Signature (Heritage, 8/2007), lot 1620; Central States Signature (Heritage, 4/2013), lot 4176; Chicago ANA Convention Auction (Stack's Bowers, 8/2013), lot 4062; ANA Convention Auction (Stack's Bowers, 8/2018), lot 1109. Note: This coin was also owned by prominent collector Ed Price at one time. (NGC ID# 236N, Variety PCGS# 38766, Base PCGS# 4474)

    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
    January, 2020
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 32
    Lot Tracking Activity: N/A
    Page Views: 795

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