1840-O 10C No Drapery MS65 PCGS....

Click the image to load the highest resolution version.

Sold on Apr 30, 2009 for:

Sign-in or Join (free & quick)

Get one of these:

Share this lot

Track Item Printable Auction Results

Sell One of These

Description

Auction Info

Guides & Info

Description

Spectacular Gem 1840-O No Drapery Dime

1840-O 10C No Drapery MS65 PCGS. Small O Mintmark. The year 1840 marked the issuance of the last official No Drapery dimes, with a majority of the Philadelphia coins and all of the New Orleans examples for the year falling into that category. The mintage for the 1840-O No Drapery dime is well in excess of 1.1 million pieces, and as a result, lower-grade examples are little distinguished from their peers.
In high-level circulated condition, however, the issue pulls away from the pack as its high attrition rate takes hold, and in Mint State, it is well-established as a condition rarity relative to nearby Philadelphia issues. A glance at the PCGS Population Report is most enlightening: just 37 1840-O No Drapery dimes appear, the second-lowest population for the category, behind only the 1838 Partial Drapery variant. Of the 37 pieces certified, only 10 of them are in Mint State grades, and the MS65 survivor offered here stands alone as the finest (3/09).
The 1840-O No Drapery issue is infamous for poor strikes, but one would never know it by looking at the obverse of this Gem: The stars, shield, and hair are all sharp. Only the reverse shows a touch of weakness at the left side of the bow, partly obscured by scratches on the holder that do not affect the coin itself. The luster is excellent, with primarily pale silver-gray centers and gold-orange and violet-blue peripheral elements. Minimally marked, with outstanding eye appeal.
From The Joseph C. Thomas Collection.(Registry values: N2998)

Coin Index Numbers: (NGC ID# 2382, PCGS# 4574, GSID# 4090)

Metal: 90% Silver, 10% Copper
Weight: 2.67 grams
ASW: 0.07726oz
Mintage: 1,175,000

View all of [The Joseph C. Thomas Collection, Part One ]

View Certification Details from PCGS