1792 P10C Disme, Judd-10, Pollock-11, High R.6, SP25 PCGS....

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Description

1792 Pattern Disme in Copper, SP25
Judd-10, Pollock-11, Reeded Edge
Only 19 Examples Traced

1792 P10C Disme, Judd-10, Pollock-11, High R.6, SP25 PCGS. The 1792 patterns are all rare and historically important issues that laid the foundation of the monetary system of the United States, the most efficient and successful monetary system in the history of the world. The 1792 disme (a French term, soon Americanized to dime) was an especially important denomination, as it established the decimal base of the system, freeing U.S. currency from the cumbersome calculations of the old English system of 12 pence to the shilling, 20 shillings to the pound, etc. The dismes were struck in silver (Judd-9, three examples known), copper, with a plain edge (Judd-11, three examples known), and copper, with a reeded edge (Judd-10, 19 specimens traced). The SP25 example offered here is number 13 on the Judd-10 census compiled by Pete Smith, Joel Orosz, and Len Augsburger in their seminal work, 1792: Birth of a Nation's Coinage. Three Judd-10 specimens are included in institutional collections at the Smithsonian Institution, the Durham Museum, and Independence National Historic Park.

Design
Obverse: Liberty with flowing hair facing left. LIBERTY PARENT OF SCIENCE & INDUST. around, 1792 below the bust. Reverse: Eagle in flight, with outstretched wings and head to right, UNITED STATES OF AMERICA around, DISME below. Struck in copper with a reeded edge. The diameter is 22 mm, the same as the 1792 Small Pattern cents. The same planchet cutter may have been used on both issues. 57.8 grains, reverse rotated 140 degrees CCW.

The Present Coin
This handsome mid-grade example has been a highlight of several important collections since it first surfaced in 1997 (see pedigree below). The medium brown surfaces exhibit underlying traces of copper-red and lilac patina, with some grade-consistent abrasions in the fields on both sides. The central design elements were strongly impressed and retain much interior detail on Liberty's hair and the eagle's wings. The legends and date remain legible in most areas, but a circular depression over SCIE of SCIENCE partially obscures those letters, and some planchet flaws and rim nicks on the reverse make TED of UNITED indecipherable. The overall presentation is most attractive. This coin possesses an admirable combination of absolute rarity, pleasing appearance, and unmatched historic importance. We expect intense competition from both dime collectors and pattern enthusiasts when this lot is called. Ranked #29 on the List of 100 Greatest US Coins.
Ex: Gainsborough II Sale (Superior, 2/1997), lot 2646; Public Auction Sale (Stack's, 5/1998), lot 108; Stuart Levine and Anthony Terranova; purchased by Ed Price on 5/13/1998; Stuart Levine on 3/26/2001; private sale; Pre-Long Beach Sale (Superior, 5/2001), lot 1046, realized $45,425; New York Connoisseur's Collection (American Numismatic Rarities, 3/2006), lot 37; Coin Rarities Online; Park Avenue Numismatics; private collection; Americana Auction (Stack's Bowers, 2/2014), lot 2002; ANA Convention Auction (Stack's Bowers, 8/2016), lot 3012, offered with a reserve that was not met; Central States Signature (Heritage, 4/2019), lot 3694; Long Beach Signature (Heritage, 6/2021), lot 3242, where it sold for $138,000.
From The Schwenk Family 100 Greatest Coins Collection.

Coin Index Numbers: (PCGS# 11026, Greysheet# 11895)

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