LOT #5497 |
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1942/1 10C MS66 Full Bands PCGS. FS-101....
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Sold on Jan 6, 2011 for:
$60,950.00
Bid Source: Live: Floor bidder
Description
1942/1 Dime, MS66 Full Bands
Tied for Finest Known
1942/1 10C MS66 Full Bands PCGS. FS-101. Ex: William
Dominick/Joshua II. Other than the 1916-D, the 1942/1 is the best
known key date in the Mercury dime series. It is slightly scarcer
as a Full Bands Gem than its 1942/1-D counterpart, and the overdate
is much bolder. This famous variety was produced sometime within
the last four months of 1941. The Philadelphia Mint was apparently
pushed to the limit of its coinage capacity as the United States
geared up its economy to meet the challenges of World War II. Over
300 million dimes were struck in 1942, the highest mintage of the
denomination to that date. Two obverse dies for the Mercury dime
were impressed first with a 1941-dated hub, and then with a
1942-dated hub. One of these dies, the more dramatic of the two,
was used to coin an undetermined number of 1942/1 dimes at the
Philadelphia Mint. The other was shipped west to the Denver Mint.
By March of 1943, the Numismatic Scrapbook Magazine had
published a discovery article about the overdate submitted by
Arnold Kohn of Kingston, New York. Despite the short amount of time
before this error was discovered, and the resulting scramble by
collectors to find as many examples as possible, few coins have
come down to today's specialists in truly spectacular levels of
preservation. According to Walter Breen, most Uncirculated examples
of this variety are from four rolls discovered in 1954.The present premium Gem has blazing luster and light olive and honey-gold color. Although not razor-sharp, the strike is decidedly above average, and the surfaces are nearly defect-free. It is pedigreed to the Joshua II and William Dominick Mercury Dime with Varieties PCGS Registry Sets, which are ranked #1 and #2 all-time. Population: 6 in 66 Full Bands, 0 finer (11/10).
Ex: The Jack Lee Collection, III/2005 Dallas Auction (Heritage, 11/2005), lot 2089.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 23K4, PCGS# 5037, Greysheet# 4608)
Weight: 2.49 grams
Metal: 90% Silver, 10% Copper
Auction Info
2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151 (go to Auction Home page)
Auction Dates
January, 2011
5th-9th
Wednesday-Sunday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 2,639
Buyer's Premium per Lot:
15% of the successful bid per lot.
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