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Description

1797 16 Stars Half Dime, MS66
One of the Finest V-3, LM-3 Examples Known

1797 H10C 16 Stars, V-3, LM-3, R.5, MS66 PCGS. The 16 Stars was the second of three types to be produced in 1797; after the 15 Stars and prior to the 13 Stars variant. Of the two 16 Stars varieties, this one has a leaf distant from the first T in STATES, while LM-2 has a leaf nearly touching the first T in STATES.

Logan and McCloskey call this a scarce die marriage that is difficult to locate in Mint State. Currently, NGC reports that they have graded six examples of this variety in Mint State, including one at MS66. PCGS has seen 14 Uncirculated examples of the 16 Stars type, including two Premium Gems; but those numbers are not broken down to distinguish between the LM-2 and LM-3 varieties (9/19).

This impressive, conditionally rare specimen is sharply struck on the obverse, except for a few of the star centers. A pair of short, thick die cracks extend out from the rim: one to star 8, and another between stars 7 and 8. Faint die rust is evident near and among the date digits, and scattered at random in other areas. Die lines are seen beneath stars 10, 11, and 12; and star 13 is broadly recut. Die clash marks are evident in the right obverse field.

The reverse is just as fully lustrous as the obverse, but shows deeper patina, especially near the peripheries where shades of deep-purple, golden-brown and yellow-gold are apparent. The astonishingly clean surfaces of this remarkable coin ensure its impressive high grade, which ranks it among the finest-known examples of this date, denomination, and die variety. Population: 2 in 66, 0 finer (9/19).
Ex: Oliver Jung; Chicago Signature (Heritage, 8/2014), lot 5549, realized $141,000.

Coin Index Numbers: (NGC ID# 22ZZ, Variety PCGS# 38599, Base PCGS# 4259, Greysheet# 198153)

Metal: 89.24% Silver, 10.76% Copper
Weight: 1.35 grams
ASW: 0.04oz
Melt Value: $0.72
Silver Spot: $18/oz (10-17-2019)


View Certification Details from PCGS

Auction Info

Auction Dates
October, 2019
17th-24th Thursday-Thursday
Bids + Registered Phone Bidders: 31
Lot Tracking Activity: N/A
Page Views: 4,169

Buyer's Premium per Lot:
20% of the successful bid 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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