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Coins Certified as of 5/27

My Coin #-48763

1840 10C Drapery AU58

CERTIFICATION#: -48763
PCGS#: 4578

Owner's Comments

PCGS grade. Sold by Bowers & Ruddy Oct '80 Price realized $550. Pedigreed 7/15/04.

Expert Comments

Ron Guth: 1840 was a transitional year in the Seated Liberty Dime series.  Early editions of the Dime were of the "No Drapery" type; later in the year, the design of Liberty was modified in both subtle and not-so-subtle ways.  The most obvious change was in the angle of the shield: on the No Drapery types, the shield is angled to the left; on the With Drapery types, the shield is perfectly vertical.  More subtle changes included a reshaping of the rock on the left side of the coin and the addition of extra folds of drapery beneath Liberty's left elbow (the viewer's right).  

The With Drapery type is approximately three times as rare as the No Drapery type and it is particularly rare in Mint State.  The few Mint State examples certified by PCGS fall in the MS62 to MS65 grade range.  The best example is the Gem Uncirculated Eliasberg coin; the most valuable in terms of auction appearances is the NGC MS64+* Newman example that sold in 2013 for $38,187.50.

Diameter: 17.90 millimeters Designer: Robert Ball Hughes/Christian Gobrecht Edge: Reeded
Mintage: 377,500 Weight: 2.67 grams Metal Content: 90% Silver, 10% Copper
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Rarity and Survival Estimates

Grades Survival Estimate Numismatic Rarity Relative Rarity by Type Relative Rarity by Series
All Grades 200 R-7.0 1 / 34 TIE 5 / 122 TIE
60 or Better 10 R-9.5 6 / 34 TIE 13 / 122 TIE
65 or Better 1 R-10.0 1 / 34 TIE 1 / 122 TIE

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade  
1 MS65 estimated grade  
3 MS64 PCGS grade
4 MS63 PCGS grade
4 MS63 PCGS grade