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    1795 Flowing Hair Half Dime, MS65
    Beautifully Toned V-4, LM-10 Example

    1795 H10C V-4, LM-10, R.3, MS65 PCGS. The 1795 is by far the more plentiful of the two Flowing Hair half dime issues, ideal for type representation. This date is thought to have comprised 78,660 of 86,416 half dimes coined in 1795, with the remaining 7,756 pieces, delivered in March, likely dated 1794. As no half dimes were coined in 1794, the likelihood of this scenario is so great that it is generally accepted as fact among collectors.

    Coinage of silver was initially delayed in 1793, because of the inability of the chief coiner and assayer to pay the high security deposits ($10,000 each) which the law required be remitted before those officers were allowed to handle precious metals. This obstacle was remedied in 1794, but silver production was then dictated by both the availability of bullion and the fineness of said bullion. In the early days of the Mint, almost all of the silver used in coinage was acquired from private depositors and banks, and the most common form was foreign coin. The resulting variances in quantity and fineness required that all deposited bullion be put through the tedious and time-consuming task of refining before it could be worked into planchets for coinage. Silver dollars were the first silver denomination struck at the Mint, followed by half dollars, as dictated by the requests of depositors.

    Half dime production did not commence until early 1795, but the Mint was not in the practice of wasting outdated dies that were still usable. Three 1794-dated obverse dies were used for regular coinage in 1795. Had these not deteriorated so quickly -- a problem that plagued the early Mint for years until the die-making process was perfected -- the 1794 issue would be significantly more available today and would rival the 1795 for popularity among type collectors.

    V-4 is one of the more frequently seen varieties of the 1795 issue, and is often the one represented when a Mint State coin is located. This is a late die state example with a rim cud over the tops of the TY in LIBERTY and star 9. This Gem is immensely appealing, with strong, satiny luster underlying sun-gold and amber toning that yields to deep aquamarine around the peripheries. The strike is even and well-centered, with just a touch of weakness observed in the extreme center of the obverse portrait and on the eagle's breast. Population: 11 in 65 (1 in 65+), 13 finer (1/16). (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.

    Auction Info

    Auction Dates
    March, 2016
    3rd-6th Thursday-Sunday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
    Page Views: 1,455

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    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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