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Coins Certified as of 12/4

My Coin #02578603

1873 10C Open 3 MS62

CERTIFICATION#: 02578603
PCGS#: 4660

Owner's Comments

Mintage: 1,508,000 (Closed 3) and 60,000 (Open 3)
Obverse Dies: 8 Known (Closed 3) and 3 Known (Open 3)

1873 Philadelphia dimes without arrows are found with an Open 3 and Closed 3 digit. For years the Open 3 variety has been afforded a premium over the Closed 3 variety due to the low reported Open 3 mintage. In circulated grades, I would question if the premium is warranted and secondly, question if the reported Open 3 mintage of 60,000 was properly recorded or estimated. In Mint State, Open 3 dimes are much rarer than their Closed 3 counterparts.

Plate Coin: Open 3, Fortin 101, Well Struck, White Coin, Cracked Reverse

Expert Comments

Ron Guth: In mid-1873, the Mint raised(!) the weight of the Dimes and placed arrowheads on either side of the date to identify the new coins.  1873 was a bit of a roller coaster year, with a bunch of different varieties -- some common, some rare, and one unique (the 1873-CC No Arrows Dime).  The 1873 No Arrows, Open 3 was one of the more rare varieties of the year.  The mintage was only 60,000 coins, thus the 1873 No Arrows, Open 3 Dime is difficult to locate in most grades.  Here's the kicker -- the best example known of this date is a single PCGS MS65, one that sold for a record price of $16,675 in 2009.  The second best examples, a tiny number of MS64's have appeared on the market for as liitle as $1,300.  There are very few cases where any of the top five examples of a particular coin can be purchased at such an affordable price.

Liberty Seated Dime researcher, Gerry Fortin, has identified six different die varieties for this year.  All are scarce at a minimum and some are quite rare.

Diameter: 17.90 millimeters Designer: James Barton Longacre Edge: Reeded
Mintage: 60,000 Weight: 2.48 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 15 / 67 TIE 24 / 122 TIE
60 or Better 20 R-9.1 9 / 67 TIE 23 / 122 TIE
65 or Better 1 R-10.0 1 / 67 TIE 1 / 122 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade  
2 MS64 PCGS grade

Heritage 2/2016:3156, $2,585 - Heritage 4/2016:3236, $1,292.50

2 MS64 PCGS grade  

Bill Nagle, sold privately in 1/2011 - Eugene H. Gardner Collection, Part I - Heritage 6/2014:30268, $8,225

2 MS64 PCGS grade  

Waldo E. "Pat" Bolen, Jr. Collection - Stack's/RARCOA/Akers “Numisma ‘95” 11/1995:2139, $1,760

5 MS63 PCGS grade