1840 10C No Drapery MS65 Certification #12958900, PCGS #4573

Owner's Comments

Mintage: 981,500
Obverse Dies: 8 Known

Eight different obverse dies are known for 1840 No Drapery coinage, including the Chin Whisker variety. Specialist know that Obverse 7 is atypical from other 1840 No Drapery dies due to weaker device and date details. Was Obverse 7 lapped more aggressively than other working dies before employed for coinage production? Reverse G also shows considerable weakness within the devices and could support the explanation of lapping prior to usage.

Plate Coin: Fortin 107, Obverse 7, Previously NGC MS66, Superior Luster with Peripheral Ranges of Rose/Blue Toning, the Reverse Being More Accentuated

Expert Comments

Ron Guth

1840 was another one of those transitional years 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 No Drapery type is approximately three times less common than the With Drapery type.  The No Drapery version is scarce in Mint State, but not enough to be called rare.  Most Mint State examples fall in the MS63 to MS64 grade range.  Gems are rare, with MS67 the highest grade at PCGS and MS68 the highest at NGC.

Diameter
17.90 millimeters
Designer
Thomas Sully/Christian Gobrecht
Edge
Reeded
Mintage
981500
Weight
2.67 grams
Metal Content
90% Silver, 10% Copper
Region
The United States of America
Pop Higher
12
Pop Lower
205
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates

Grades
65 or Better 700 R-5.6 5 / 7 68 / 122 TIE
All Grades 90 R-8.1 4 / 7 69 / 122
60 or Better 14 R-9.4 5 / 7 66 / 122

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade

Stack's/Bowers 11/2012:3075, $14,950

1 MS67 PCGS grade

Heritage 10/2001:5935 - Eugene H. Gardner Collection - Heritage 6/2014:30245, $11,162.50

1 MS67 estimated grade

Heritage 10/2006:697, $10,925

4 MS66 PCGS grade  
	PCGS #4573 (MS) 66

Heritage 7/2012:3385, $6,900

5 MS66 PCGS grade

Heritage 4/2013:1725, $7,931.25