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    1795 Flowing Hair Half Dime, MS65+
    Exceptional V-4, LM-10 Example

    1795 H10C V-4, LM-10 MS65+ PCGS. CAC. The Logan-McCloskey reference describes a hoard of more than 100 Mint State 1795 Flowing Hair half dimes that was discovered in the 1870s, with many of the coins struck from the LM-8, LM-9, and LM-10 die pairs. Such a discovery would account for nearly half of the total Uncirculated population of 1795 half dimes in all varieties known today, according to the combined Mint State grading events of the two services. Such a situation is not unlike famous shipwreck recoveries, where the availability of conditionally rare dates and issues were altered dramatically in the mid to late 1800s.

    While there is no way to determine if the present coin is one of the hoard finds, this high-end Gem has been exceptionally well-preserved. It represents the Valentine 4, LM-10 variety, which ranks among the most available of the ten 1795 die marriages. Valentine called the late die state V-4A, and this coin shows the obvious advanced state of the obverse die with a massive cud above TY of LIBERTY to star 9. Another crack travels from the base of T through the forehead above the eye, and a network of cracks connects the right-hand stars radially and to each other, as well as to the point of the neck. The reverse die is faintly cracked from the top of the left wing to the leaf above the eagle's head.

    Iridescence blossoms from the smooth, softly lustrous surfaces with rainbow shades visible at the margins and around the central devices. An overall glossy, deep-silver patina yields to more vibrant colors in the recesses on both sides for a visually well-balanced appearance.

    The strike is sharp on Liberty's hair and throughout the stars. Machine doubling is easily visible at the base of the date. The reverse strike reveals feather definition on the breast, although some Mint-applied adjustment marks are not fully eliminated at the eagle's left wing, which lacks feather detail as a result. More adjustment marks are scattered along the bottom rim.

    This is the sole Gem 1795 half dime to receive the PCGS Plus designation regardless of variety, and the coin displays the green CAC endorsement label as well. Population (all varieties): 11 in 65 (1 in 65+), 12 finer (4/15). (NGC ID# 22ZV, Variety PCGS# 38594, Base PCGS# 4251)

    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 Info

    Auction Dates
    June, 2015
    4th-7th Thursday-Sunday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 1,402

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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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