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LOT #5175
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1792 H10C Half Disme, Judd-7, Pollock-7, R.4 -- Repaired -- NGC. XF Details....
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Description
1792 Half Disme, XF Details
Deep Patina With Bright Underlying Surfaces
1792 H10C Half Disme, Judd-7, Pollock-7, R.4 -- Repaired -- NGC.
XF Details. It has been just over 10 years since Joel Orosz and
Carl Herkowitz published their groundbreaking detective work on the
1792 half disme. It was published in the 2003 American Journal
of Numismatics under the title "The Fabled 1792 Half Dismes."
It is an article we highly recommend to anyone interested in this
earliest American coin. In short, their conclusion is that John
McAllister, not Jonas McClintock was the author of the memorandum
found in 1943 that told the story of Adam Eckfeldt and his
remembrance of the striking of the half dismes in 1792. The memo
reads:"In conversation with Mr. Adam Eckfeldt (Apr 9, 1844) at the Mint, he informed me that the Half Dismes above described, were struck, expressly for Gen. Washington, to the extent of One Hundred Dollars, which sum he deposited in Bullion or Coin, for the purpose. Mr. E. thinks that Gen. W. distributed them as presents. Some were sent to Europe, but the greater number, he believes, were given to friends of Gen. W. in Virginia. No more of them were ever coined. They were never designed as Currency. The Mint was not, at the time, fully ready for being put into operation. The Coining Machinery was in the cellar of Mr. Harper, saw maker, at the corner of Cherry and 6th Sts, at which place these pieces were struck."
Further conclusions from research presented in their article state that the number struck was approximately 1,500 pieces, all were struck from bullion or coin not silverware as has often retold in numismatic lore, and Thomas Jefferson actually delivered the blanks to John Harper's saw shop and subsequently received the finished coins.
This particular coin shows evidence of its value as a memento, rather than as a circulating coin. Most likely it was carried as a pocket piece. The upper reverse shows evidence of repair, perhaps from removal of initials of some previous proud owner. Otherwise, the surfaces show charcoal toning around the devices and within the recesses of the design with the underlying surface bright, again an appearance consistent with a pocket piece. Both Liberty and the eagle are well-defined for a coin with XF details.(Registry values: P9) (NGC ID# 946T, PCGS# 11020)
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Auction Info
Auction Dates
January, 2014
8th-12th
Wednesday-Sunday
Bids + Registered Phone Bidders: 8
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