1873-CC "No Arrows" Liberty Seated dime article
boimre1972
Posts: 262 ✭✭✭
Hello from the currency side. Don't know if you all saw this or not, but thought I would share:
PHILADELPHIA — A dime made in 1873 has cost someone a pretty penny: It sold for $1.6 million at auction. The rare coin was minted in Carson City, Nev., during a one-day run of dimes. The 1873-CC "No Arrows" Liberty Seated dime was auctioned Thursday night. It's part of the Battle Born Collection, which contained one of every coin struck in Carson City before the mint there closed in 1893.
Huffington Post
Mike
Collecting small-size star notes.
Mishawaka, IN
Collecting small-size star notes.
Mishawaka, IN
1
Comments
bob
"It's not rare, it's not scarce - it's unique. And it's pretty much immaculate," said Brian Kendrella, director of operations at the Spectrum Group. He entered the winning bid on behalf of a private collector who sought to remain anonymous.
Before the live auction began, online bids had already reached $950,000. The price went up in seconds, with bidders in the room, on the phone, and online answering the auctioneer's calls - $1 million, $1.1 million, $1.2 million, $1.3 million, $1.4 million, $1.5 million. The winning bid was $1.6 million, plus a 15 percent buyer's fee.
Philly.com
<< <i>Apologies if this question betrays a lot of ignorance. I always thought that TPG's authenticated coins by comparing them to a known genuine example. How does a TPG authenticate a coin like this that is unqiue? >>
Per Breen, this particular coin can be traced all the way back to previous famous owners Louis Eliasberg, James Kelly, Adolphe Menjou, Granberg collection, US Treasury Secretary William Woodin, Stephen Nagy, John Haseltine, and A. Loudon Snowden. Supposedly from an orig group of assay coins. Counterfeits have different date positions since most are alterations of 1873 Philly dimes. All of these low mintage CC dimes (1871-1874) should have the characteristic wide 89 reed spacing that is unique to them. They also share a specific CC mm sizing with die crack visible through the CC's. This makes these CC dimes fairly hard to fake, in both low and high grades. The 1871-1874 CC dimes share some key characteristics that don't require a 2nd specimen of the 73cc NA to be present. And the pedigree back over 100 yrs doesn't hurt any.
<< <i>
<< <i>Apologies if this question betrays a lot of ignorance. I always thought that TPG's authenticated coins by comparing them to a known genuine example. How does a TPG authenticate a coin like this that is unqiue? >>
Per Breen, this particular coin can be traced all the way back to previous famous owners Louis Eliasberg, James Kelly, Adolphe Menjou, Granberg collection, US Treasury Secretary William Woodin, Stephen Nagy, John Haseltine, and A. Loudon Snowden. Supposedly from an orig group of assay coins. Counterfeits have different date positions since most are alterations of 1873 Philly dimes. All of these low mintage CC dimes (1871-1874) should have the characteristic wide 89 reed spacing that is unique to them. They also share a specific CC mm sizing with die crack visible through the CC's. This makes these CC dimes fairly hard to fake, in both low and high grades. The 1871-1874 CC dimes share some key characteristics that don't require a 2nd specimen of the 73cc NA to be present. And the pedigree back over 100 yrs doesn't hurt any. >>
Thank you very much for the explanation. I wasn't aware of the amazing pedigree of this coin.
(I do own a counterfeit of an 1872-CC dime, it was inheited by me from my grandfather's estate. But the basis of it being counterfeit is due to its brassy-looking composition)
I hope that those who are interested in learning about the unique 1873 will come across my articles. Before the auction, I devoted a long piece to this dime, which I have carefully examined on a few occasions. After the auction, I wrote a review of the auction results for rare silver coins in the “Battle Born Collection.”
Battle Born Results, Part 1: Rare Silver Carson City Coins
Unique 1873-CC ‘No Arrows’ Dime
coin and had no interest in it. That's pretty strong stuff for a unique coin of legendary status that is the key coin to ALL CC sets. I wonder why they haven't made similar comments
about the 1870-s half dime which was found clanging around in a junk box and in the early days was graded only AU (later jumped to MS63 and then to MS64). There's no doubt
about this 1873-cc na dime being put away from day one and grading choice to gem unc. It's unique as well and was never graded AU. I actually find it rather odd that they apparently
have similar values.
Well, just Love coins, period.
Was there any fake 1873cc dimes made without arrows? I have one and that's why I'm asking.
@muzzman.... Please provide good pictures (clear, straight on view, both sides, 5x-10x) and the experts here will let you know what you have. Cheers, RickO