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Sale 80
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Lot 277
1795 LM-10, V-4. PCGS graded MS-64. Nicely toned. Only 78,660 struck. A well struck choice specimen that spares no compromises with its rich steel to blue iridescence on both sides. Some light golden rose color in a few areas. Strike is much sharper on the hair than average for the issue, although minor weakness occurs at the eagle. Struck from clashed dies. There are some light hairlines present. Rims very choice. The eagle’s eye, nasal opening and split beak clear. Left wing and breast lack some detail, but the right wing shows most of the feathers.
All of the 7,756 Flowing Hair half dimes dated 1794 were actually struck in March of 1795. A total of 78,660 1795 half dimes were produced. This issue is much more readily available than its 1794-dated counterpart. While most often seen in lower grades, the 1795 half dime can be obtained without a great deal of difficulty in mint state. A hoard of 100 or so average to better quality Uncirculated pieces was discovered around 1880 by Massachusetts coin dealer William Elliot Woodward; this hoard also contained some Uncirculated 1794s. It is likely from this source that most surviving Mint State examples trace.
All Flowing Hair half dimes were struck at the first Philadelphia Mint. No true proofs are known, although some very sharp, reflective examples can lay claim to the status of "Presentation Pieces." Ten different die varieties exist for the 1795 half dime. Over 80% of all 1795 half dimes are from three of these varieties, and the rest are very rare.
Attribution of 1795 Half Dimes begins with the reverse, where a simple count of the berries below the eagle's left wing is the only requirement for attribution. The LM-10 (V4) variety is confirmed by the presence of a single outer berry below the eagle's left (facing) wing. Pop 25; 21 finer, 9 in 65, 8 in 66, 1 in 66+, 3 in 67. (PCGS # 4251) .
Historic association: In 1795, Daniel Boone, aided by "buffalo streets" and Indian trails, created the Wilderness Road. This famous route led the way westward for many future settlers. Boone was captured by the Indians several times but always managed to escape. Less fortunate was his eldest son whom the Indians tortured and killed. Boone's wife and daughter Jemima, were the first white women to see the part of Kentucky around Boonesborough. Settling into quiet domestic life did not appeal to Boone. "Too many people! Too crowded! I want more elbow room." He spent his last years in Missouri hunting and trapping. After a short illness, he died at age 86.
Estimated Value $18,000 - 19,000.
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| Realized $21,150 |
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