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1860-O 10C MS64 NGC. CAC. Fortin-101, High R.7 in Mint State....
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Description
Beautifully Toned 1860-O Dime, MS64
Great Rarity in the Seated Series
Ex: Eliasberg/Richmond
One of Only Three Mint State Coins Known
1860-O 10C MS64 NGC. CAC. Fortin-101, High R.7 in Mint
State. Ex: Eliasberg/Richmond. Beautiful orange-rose patina
enlivens the centers of each side, complementing the pale ice-blue
appearing at the margins of both sides. This well-preserved and
nicely toned near-Gem is struck on a problem-free planchet, unlike
most survivors of the issue. Described in the Eliasberg sale as
having a "prooflike reverse."Variety: Fortin-101, High R.7 in Mint State. Sole die marriage known for the small issue. Medium level date, Open 6, Small O mintmark.
Population Data (3/15): The graded pieces at NGC show a curious distribution: one AU58, two MS64 including this piece, and one MS67, the last the ex: Lovejoy coin we sold in our September 1996 Long Beach auction for $64,900. The finest at PCGS is a lone AU58.
Heritage Commentary: In 1860 the Legend Obverse design format was introduced, replacing the previous Stars Obverse motif. The reverse was also updated. The 1860-O Seated dime is a noteworthy key to the series, struck in the meager extent of only 40,000 pieces. Most of the issue was apparently melted, as Louisiana seceded from the Union in early 1861. Survivors, when they appear at all, are largely apt to be well-circulated, and often struck on porous planchets. The incipient hostilities of the Civil War would close the New Orleans Mint to coinage for many years, and the next Seated dime from that mint would be the 1891-O, which closed out the series. The 1860-O and 1891-O thus are O-mint "bookends" for the Legend Obverse type, although otherwise they could scarcely be more different.
Consignor Commentary: High R.7 in Mint State, and perilously close to R.8, as only three examples have surfaced in Mint State. A beautiful, fabulous example of one of the great rarities of the series. Originally part of the Eliasberg Collection, it became part of the Richmond Collection sold by David Lawrence in March 2005 (lot 1163), where I acquired it. This coin is tied by one other piece graded MS64, and bettered by one graded MS67, all at NGC. PCGS has yet to uncover any Mint State examples of this date. The coin has a light die crack on the obverse starting at the denticles just below the rock, and extending up just inside the edge to the top of the U in UNITED. The toning on the coin is even and lovely with no blemishes of any sort.
Provenance: Louis E. Eliasberg, Sr.; Eliasberg Collection (Bowers and Merena, 5/1996), lot 1170; Richmond Collection (David Lawrence, 3/2005), lot 1163.(Registry values: N7079)
Coin Index Numbers: (NGC ID# 239E, PCGS# 4632)
Weight: 2.49 grams
Metal: 90% Silver, 10% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
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