Lot 2421
1802. . JR-4, Rarity-4. PCGS graded MS-60. As usual, softly struck in the centers and all, nicely toned. Only 10,975 pieces struck. Struck on a problem-free planchet. All with attractive natural antique toning on both sides.
The date logotype on this variety appears to be the one used for the 1802 quarter eagle. In times past, the quarter eagle was often called an 1802/1 overdate, while so far as we can tell there were no instances of the dime being called an overdate. The lower right serif of this digit is connected to the diagonal by a short die line while the upper left curve is connected to the opposite side of the diagonal by a second die line. It is these features that led some to call the quarter eagle an overdate. Opinion is that these merely represent slight defects to the date punch and in no manner suggest that this is an 1802/1 overdate.
A strictly Mint State coin, although the uneven way these pieces were struck it will be necessary to make allowances. Much of Liberty's central hair is weak, and the profile around the mouth is flat, lacking all its detail. However, the eye and forehead appear much stronger than any we have seen in the upper grades. The corresponding areas on the reverse are also flat, including the right half of the shield, the breast and neck along with portions of the motto. The remaining detail on both sides is boldly defined. The underlying surfaces possess natural toning and are quite attractive.
This variety is noted for having a short raised die lump in the field below the hair ribbon (diagnostic).
The 1802 Draped Bust, Heraldic Eagle dime has always been one of the favorite rarities in this short series that ran from 1798 to 1807. The weak obverse die state is an example of the varied output of the First U.S. Mint. We are pleased to see that PCGS understands that it actually never circulated and is, indeed, one of the desirable Mint State specimens. Pop 1; 5 finer (PCGS # 4472) .
Estimated Value $20,000 - 25,000.
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| Realized $24,150 |
