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Sale 39
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Lot 1289
1824/2 Capped Bust Dime. . JR-1. PCGS graded MS-64. A trifle softly struck. Loaded with frosty mint luster. Light golden toning about the borders on both sides. Satiny mint luster is veiled in mottled golden-copper iridescence that is most concentrated around the peripheries. The overall strike is uncommonly detailed for an early-date dime of this type. What's more, there are no readily identifiable abrasions. Solidly graded as a near-Gem, it is comfortably positioned at the lower reaches of Condition Census for the issue.
Although the 2007 Guide Book lists 510,000 dimes for 1824, the John Reich Collectors Society (1984) is of the opinion that none were struck in that year. Instead, the 100,000 dimes delivered on August 22, 1825 were from two pair of 1824-dated dies. This theory, if correct, and we have no reason to believe otherwise, means the issue is much rarer than the Guide Book might lead someone to assume. Only a single obverse die was used for the 1824 dime. It has an 1824/2 overdate. It is also possibly that this die may have initially been corrected to an 1823/2 overdate before assuming its final form as an 1824/2, although only the exceedingly rare Proofs show significant evidence of what appears to be two digits beneath the 4 in the date. Until 1982, JR-1 was the only known variety of the 1824/2 dime. Then, H. Roland Willasch discovered a second die marriage that is now known as JR-2. It remains rare.
No Dimes were produced in 1808. When the denomination returned to production in 1809, the Mint put in place a new design that has since become known as the capped bust. Attributed to John Reich, this design was a prolific one that, at one time or another, appeared on all silver and gold denominations struck in the early decades of the U.S. Mint (with the exception of the silver dollar and gold eagle). The capped bust dime series can be divided into two subtypes: the Wide Border examples of 1809-1828 struck with an open collar and the Modified Design pieces of 1828-1837 using a close collar. The latter coins were produced using more modern equipment that imparted beaded borders and a uniform diameter to each piece produced. Pop 5; 1 finer in 65. (PCGS # 4502) .
Estimated Value $5,500 - 6,500.
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| Realized $7,475 |
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