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Stack’s Bowers: Near Gem 1797 Draped Bust Dime in October Auction

Stack's Bowers -1797 Dime

By James McCartney, Numismatist & CatalogerStack’s Bowers ……
Featured in Stack’s Bowers upcoming October 2017 Collector’s Choice Online Auction is an incredible MS-64 (NGC) 1797 Draped Bust dime of the JR-2, 13 Stars variety. By a slight margin, JR-2 is considered the scarcer of the two varieties of 1797 dimes. The JR-1 variety marked the end of the policy to add a star to the obverse for every state in the Union, as the addition of Tennessee in 1796 had made obverses too crowded. JR-2 featured only 13 stars, an aspect that would remain constant for over a century.

This gorgeous example is dusted in soft shades of gold, violet, and powder blue that deepen toward the borders. The fields are silky, lustrous, and contrast nicely with the more frosty texture that blankets the design elements. Evidence of doubling is noted on Liberty’s profile, as well as on the date and reverse legend. The overall preservation is truly exceptional, with just a few microscopic ticks visible beneath a glass. Obstruction of the dies during striking has imparted an arcing flaw to the right of the date, allowing for a convenient pedigree marker. PCGS CoinFacts suggests that just five Mint State coins exist, which is corroborated by the three examples certified by PCGS and the two examples certified by NGC.

The present example is tied with the Pogue specimen offered in lot 1036 of our May 2015 sale, which brought $176,250. While the Pogue specimen has been part of some of the most impressive cabinets assembled over the past century, the present example has been offered at public auction only twice in the past 50 years. Its provenance can be traced all the way back to Abe Kosoff’s ANA Auction of August 1968 where it sold in lot 1374 for $1,704.35.

Draped Bust dime and early U.S. type specialists will surely recognize this significant opportunity.

This near-Gem 1797 dime will be featured in our October 2017 Collector’s Choice Online Auction, which will offer a selection of foreign coins in addition to U.S. coins and paper money. Call us today at 1-800-458-4646 to consign alongside this exciting rarity. Also, download our mobile app to participate via your Android or Apple device. Email [email protected] for more information.

Stack's Bowers
Stack's Bowershttps://stacksbowers.com/
Stack's Bowers Galleries conducts live, internet, and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 90-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection, The Sydney F. Martin Collection, and The Battle Born Collection — to name just a few. World coin and currency collections include The Pinnacle Collection, The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Salton Collection, The Wa She Wong Collection, and The Thos. H. Law Collection. The company is headquartered in Costa Mesa, California with galleries in New York, Boston, and Philadelphia. Offices are also located in New Hampshire, Oklahoma, South Carolina, Virginia, Hong Kong, Paris, and Vancouver.

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