Coins Certified as of 1/22

My Coin #07440787

1840-O 10C No Drapery MS62

PCGS#: 4574

Owner's Comments

Mintage: 1,175,500
Obverse Dies: 7 Known

Obverse 4 is one of 7 different 1840 New Orleans obverse dies. This obverse comes fairly well struck but is already showing signs of die erosion around the stars. Use the repunching on Stars 9 through 11 to identify this obverse die. The reverse is also well struck with a nicely centered Small O mintmark. To date, 5 Small O reverse dies have been identified. This reverse die has begun to show die erosion. Die cracks from the rim to ERIC in AMERICA are evident.

Plate Coin: Fortin-103, Ex. Lovejoy, Small O of 1839, Even Light Gold Toning, Very Rare Mintmark Variety

Expert Comments

Ron Guth: The 1840-O No Drapery Dime is easily the rarest date in this short-lived series.  It has the lowest total population of the No Drapery type, the smallest number of Mint State examples, and the quality of Uncirculated examples shifts toward the lower end of the spectrum.  The typical Mint State grade is only MS62 and, even there, only a few examples exist.  The best example is a single PCGS MS65.

Unlike the 1840 Dimes from the Philadelphia Mint (which comes in No Drapery and With Drapery versions), the 1840-O comes only one way: No Drapery.  Because collectors have only one option for the 1840-O Dime, there is even more upwards price pressure on this date.

The strike quality of the 1840-O Dime is inconsistent.  Virtually all examples show weakness on the denticles.  Normally, the stars are well-struck, or decently so, but other examples may show weakness on the shield and the O of ONE on the reverse (two opposing high points).

Mintmarks come in three different sizes: tiny, medium and large.  The large mintmark variety appears to be the rarest.

Diameter: 17.90 millimeters Designer: Thomas Sully/Christian Gobrecht Edge: Reeded
Mintage: 1,175,000 Weight: 2.67 grams Metal Content: 90% Silver, 10% Copper

Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 300 R-6.4 2 / 7 24 / 122 TIE
60 or Better 200 R-7.0 5 / 7 TIE 88 / 122 TIE
65 or Better 1 R-10.0 1 / 7 1 / 122 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade

Joseph C. Thomas Collection - Heritage 4/2009:2251 - Eugene H. Gardner Collection - Heritage 6/2014:30247, $38,187.50

2 MS64 PCGS grade

Wind River Collection

2 MS64 PCGS grade  

Stack's 10/2005:571 - Eugene H. Gardner Collection - Heritage 6/2014:30246, $28,200

2 MS64 estimated grade  
5 MS63 PCGS grade