1942/1 10C FS-101 MS66 Full Bands PCGS Secure....

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1942/1 Dime, MS66 Full Bands
Tied for Finest Known
A Condition Key With Full Bands

1942/1 10C FS-101 MS66 Full Bands PCGS Secure. Other than the 1916-D, the 1942/1 is the best-known key issue in the Mercury dime series. It is slightly scarcer as a Full Bands Gem than its 1942/1-D counterpart, and the overdate feature is much more dramatic. The die for this famous variety was produced sometime within the last four months of 1941. It was procedural to begin making dies for the new year as early as September, and in late 1941 and into the following year, the Philadelphia Mint was operating at full capacity to meet the economic demands of World War II. In 1942, more than 300 million dimes were struck, the highest mintage of the denomination to that date. This coinage required numerous working dies to be manufactured. Whether intentionally or accidentally, two obverse dies were overdated in late 1941, receiving impressions from two different hubs during manufacture. One die was shipped to the Denver Mint and employed for coinage. The other, showing the more dramatic overdate, was put on press at the Philadelphia Mint. The number of 1942/1 dimes struck at Philadelphia is unknown, but the survivorship is just a tiny fraction of the total 1942 dime population.

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 modern collectors 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 is among the finest examples known. It has blazing luster and light honey-gold toning. Although not razor-sharp overall, the strike is complete on the horizontal fasces bands, and the surfaces are nearly flawless. It is from the former Joshua II and William Dominick PCGS Registry Sets -- the Joshua II Collection remains the #2 all-time finest Mercury dime set on the PCGS Registry. Population: 10 in 66 Full Bands, 0 finer (11/18).
Ex: New York Signature (Heritage, 11/2003), lot 6115, which realized $46,000; Dallas Signature (Heritage, 11/2005), lot 2089, which realized $46,000; FUN Signature (Heritage, 1/2011), lot 5497, which realized $60,950.
From The Charles McNutt Collection.

Coin Index Numbers: (Variety PCGS# 145474, Base PCGS# 5037, Greysheet# 390395)

Weight: 2.49 grams

Metal: 90% Silver, 10% Copper

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