| Survival Estimate | |
|---|---|
| All Grades | 50 |
| 60 or Better | 2 |
| 65 or Better | |
| Numismatic Rarity | |
|---|---|
| All Grades | R-8.5 |
| 60 or Better | R-9.9 |
| 65 or Better | R-10.1 |
| Relative Rarity By Type All Specs in this Type | |
|---|---|
| All Grades | 1 / 2 |
| 60 or Better | 1 / 2 |
| 65 or Better | 1 / 2 |
| Relative Rarity By Series All Specs in this Series | |
|---|---|
| All Grades | 1 / 2 |
| 60 or Better | 1 / 2 |
| 65 or Better | 1 / 2 |
Among the ten 1795 Half Dime varieties, the LM-3 is one of the rarest. Logan and McCloskey rated the LM-3 Rarity 5 and described it as being "difficult to obtain, particularly in mint state.", citing the Eliasberg example in particular for its Mint State status. In subsequent years, more Mint State examples have appeared on the market and we now know of at least six different Uncirculated pieces. The best specimen appears to be the LM-3 plate coin in the Logan-McCloskey reference.
The rarity of this variety is related directly to a fatal crack in the obverse die. On many examples, the crack can be seen running downward inside Liberty's hairline from the R of LIBERTY to below her ear. Most example have adjustment marks and many are weakly struck on the left side of both the obverse and reverse. The Kaselitz coin (graded PCGS MS63 and sold in 2015) appears to have the strongest details for the grade.
Regency XVIII Preview | Legend Rare Coin Auctions | September 29, 2016
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