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    1794 V-4, LM-4 Half Dime, MS63
    Coined in Early 1795

    1794 H10C MS63 NGC. V-4, LM-4, R.4. Silver dollars were the first silver coins struck at the fledgling Philadelphia Mint in October 1794, with half dollars coined at the same time. Although they are dated 1794, the first half dimes were not minted until the first quarter of 1795, with 7,756 pieces delivered by the chief coiner to the Mint treasurer on March 30. An additional 78,660 half dimes were struck later that same year.
    Many years ago, Walter Breen suggested that the surviving populations were just 10% dated 1794 and 90% dated 1795, leading him to suggest that the 7,756 coins delivered on March 30 were the only coins dated 1794. However, careful study of die states will show that the 1794 LM-4 half dimes were minted after the first two varieties of 1795, disproving Breen's research.
    The total production of Flowing Hair half dimes was 86,416 coins, while rarity ratings assigned the various varieties suggest a surviving population of 21% dated 1794 and 79% dated 1795. If we apply those percentages to the total mintage, we find a production of approximately 18,000 coins dated 1794 and 68,000 dated 1795.
    This Select Mint State example exhibits obverse clash marks, and a reverse die crack through the D of UNITED and the left branch of the wreath, continuing through the left facing wing to the eagle's breast feathers. Other die cracks and clash marks are also evident on the reverse. This reverse die was also used for 1795 LM-1 and LM-2, both varieties in an earlier die state.
    Satiny light gray surfaces show a few trivial marks on each side, with full luster and lovely blue and gold toning. This splendid specimen is destined for a specialized early half dime collection or type set.(Registry values: P6) (NGC ID# 22ZT, PCGS# 4250)

    Weight: 1.35 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 Dates
    October, 2011
    13th-16th Thursday-Sunday
    Bids + Registered Phone Bidders: 19
    Lot Tracking Activity: N/A
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    Numismatic Background and Census of 1802 Half Dimes: A Classic American Rarity
    This 64-page book cites mintage and rarity estimates by prominent numismatists and documents the currently known 1802 half dime appearances. Each of the 32 documented examples includes an enlarged obverse/reverse photograph, the author's assigned grade, the provenance of each coin, auction prices realized or dealer fixed asking price, and a unique serial number for each specimen that will facilitate retrieval for research, cataloging, or price-information purposes. Reserve your copy of this remarkable volume for just $29.95 today.
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