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Long Beach Signature US Coin Sale 1256  8-9 Jun 2017
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Lot 3593

Starting price: 1 USD
Price realized: 44 000 USD
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Early Dimes
1797 10C 13 Stars, JR-2, R.4, MS62 PCGS. A Bust Dime Identification Guide by authors Winston Zack, Louis Scuderi, and Michael Sherrill was published last year, and the guide is extraordinarily useful for collectors, providing up-to-date information on all of the individual varieties. For example, the authors note that "as few as three JR-2 dimes are thought to exist in MS condition."
PCGS and NGC combined report five Uncirculated JR-2 dimes, including this MS62 and two MS64s at PCGS, and a coin each in MS64 and MS65 at NGC (5/17). However, in more than two decades, we have only seen two Uncirculated representatives: the Gem NGC coin, and the present MS62 PCGS example. The NGC MS65, ex: Ed Price Collection, realized $402,500 in our July-August 2008 ANA Signature sale. It has since been crossed to PCGS as MS64, but the NGC population report still lists it, accounting for at least one duplication in the certified figures. The Price coin more recently sold in Part I of the D. Brent Pogue Collection (Stack's/Bowers, 5/2015) for $176,250 in its new MS64 PCGS holder. By comparison, a JR-1 coin in MS65 realized only about $100,000 in our January 2013 FUN Signature sale.
The JR-2 1797 dime is a recognized rarity in Mint State and in high demand. This lovely MS62 example is well-within the Condition Census for the 13 Stars Obverse variety. The coin exhibits splashes of blue and iridescent toning on its satin surfaces with excellent design definition. The stars, hair, drapery, and feathers are all boldly defined. An exceptional type coin, but more likely headed to a specialized variety collection.

HID02901242017
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