Heritage World Coin Auctions
Dallas Signature US Coin Sale 1265 7-8 Dec 2017
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Seated Dimes
1859 10C F-107, R.3, MS67 NGC. This variety 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. 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). 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.
Ex: Palm Beach Signature (Heritage, 11/2004), lot 6206; Gardner Collection, Part IV (Heritage, 10/2015), lot 98259.
HID02901242017
1859 10C F-107, R.3, MS67 NGC. This variety 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. 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). 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.
Ex: Palm Beach Signature (Heritage, 11/2004), lot 6206; Gardner Collection, Part IV (Heritage, 10/2015), lot 98259.
HID02901242017