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1859 10C F-107, R.3, MS67 NGC....

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Sold on Oct 28, 2015 for:
$3,525.00 Bid Source: Internet bidder
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Description

1859 Dime, MS67
One Finer at NGC

1859 10C F-107, R.3, MS67 NGC. This Superb Gem 1859 dime features a richly toned obverse with central pale-orange color that gradually progresses to lilac, mint-green, and blue hues at the borders. The reverse is absolutely free of toning. Softly frosted luster radiates over each side. Typical strike incompleteness is confined to the right obverse stars, Liberty's head, and right (facing) hand.

Variety: Fortin-107. This dime shows tiny die chips near stars 2 through 8, 12, and 13. Obverse 7 is the only die with this date placement relative to the shield point. The reverse is perfect.

Population Data (9/15): In MS67, NGC shows 19 grading events (two in MS67 ★ ), while PCGS has seen 15 submissions (one in MS67+). Each service reports a single example finer.

Heritage Commentary: There had been a severe oversupply of subsidiary silver coins in the East since the passage of the Mint Act of 1853, which reduced the silver weight of the half dime, dime, quarter, and half dollar. The law explicitly prohibited the free coinage of silver, yet Mint Director James Ross Snowden continued to accept all silver bullion deposits throughout the 1850s, striking subsidiary coins without consideration for their commercial demand. The overabundance of small-denomination silver coins in Atlantic cities helps to explain the relative availability of high-grade P-mint dimes from the mid-to-late 1850s, including the 1859 (429,200 pieces produced).

Provenance: Palm Beach Signature (Heritage, 11/2004), lot 6206.

Coin Index Numbers: (Variety PCGS# 538139, Base PCGS# 4619)

Weight: 2.49 grams

Metal: 90% Silver, 10% Copper

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Auction Info

2015 October 28 Gardner Collection IV US Coins Signature Auction - New York #1229 (go to Auction Home page)
Auction Dates
October, 2015
28th Wednesday
Bids + Registered Phone Bidders: 3
Lot Tracking Activity: N/A
Page Views: 580

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

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Sold on Oct 28, 2015 for: $3,525.00
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