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    Description

    1803 Half Dime, MS65+
    Large 8, V-2, LM-3
    Finest Certified for Date

    1803 H10C Large 8, V-2, LM-3, R.3, MS65+ PCGS Secure. CAC. Ex: Eliasberg. In the 1996 Eliasberg auction, the present lot was described as "MS-67. A superb gem. The finest known half dime of this date, with no close competitors. ... This is quite possibly the finest Draped Bust half dime in existence anywhere on Earth."

    Indeed, 18 years later the coin is the single highest graded 1803 half dime at either NGC or PCGS. The lot achieved a record price for an 1803, finally broken nearly 13 years later when a Small 8 LM-1 MS61 NGC attained $86,250. However, we believe that the present coin may surpass that level and again possess the 1803 record for highest price realized.

    When evaluated beneath a loupe, the coin appears practically as made. Light to medium gunmetal-gray, straw-gold, forest-green, and peach toning drapes coruscating and contact-free surfaces. Struck slightly off center toward 4 o'clock, but only the dentil width is affected. The strike is excellent except for minor blending on the drapery and the upper left reverse stars. Liberty's profile displays minor die bounce with four chins discernible under magnification.

    LM-3 is the third and final die marriage for the date. The Large 8 is crude and may have been engraved by hand on the obverse die. The reverse die, also used to coin the 1805 LM-1, is noteworthy for a large "floating" arrowhead without an attached stem. This appears to be simply an oversight on the part of the die engraver. Although it was Mint protocol to enter 13 arrows, the eagle clutches only seven, likely due to the challenge of placing such minute design elements on a half dime working die.
    Ex: Harlan P. Smith Sale (S.H. and H. Chapman, 5/1906); J.M. Clapp; Louis E. Eliasberg, Sr. Collection (Bowers and Merena, 5/1996), lot 905, which realized $53,900.
    From The Collection of Oliver Jung. (NGC ID# 2329, Variety PCGS# 38609, Base PCGS# 4269)

    Weight: 1.35 grams

    Metal: 89.24% Silver, 10.76% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Collection of Oliver Jung ]

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    Auction Dates
    August, 2014
    5th-9th Tuesday-Saturday
    Bids + Registered Phone Bidders: 18
    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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