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Just WOW :1796 10C DRAPED BUST DIME PCGS MS 64

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  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    1796 MS-64 Dime Been in their inventory for a while. I wonder why. image

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    .
    i wonder why pcgs didn't call out the filed rims image
    .

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  • rheddenrhedden Posts: 6,632 ✭✭✭✭✭


    << <i>1796 MS-64 Dime Been in their inventory for a while. I wonder why. image >>





    My theory is that there are only 3 people out there rich enough to collect MS64 draped bust dimes, and all three of them already have one. This is a funny (and admittedly exaggerated) thought, but at this rarified level of the coin market, things do become "quantized." In other words, the number of collectors demanding such an expensive item is so small that the dealer had better know who the buyer is going to be before even acquiring the coin.
  • That is why I love this site so much to learn here from you guys!!! I guess there are better coins to buy for that type of money.
  • fcfc Posts: 12,793 ✭✭✭
    I dunno. 50K is a lot of money to many of us but even in this forum there are members who have no problem buying a 50K coin if they really like it.
  • 50K is a lot for me as well don't get me wrong!! I just like 1st year issues.
  • 291fifth291fifth Posts: 24,687 ✭✭✭✭✭
    The file marks are a major negative ... especially for anyone with enough money to consider buying a coin in this price range. In addition, no sticker.
    All glory is fleeting.
  • 291fifth

    I had not seen those marks major turn off!!!
  • 123cents123cents Posts: 7,178 ✭✭✭
    Nice coin but the file marks on the rim are distracting.
    image
  • messydeskmessydesk Posts: 20,299 ✭✭✭✭✭
    So there's no confusion, the file marks are pre-strike weight adjustment marks. Yeah, they're distracting, but they're not PMD. Damn cool coin, but as I haven't been looking at uncirculated 1796 dimes, I have little basis for comparison.
  • DennisHDennisH Posts: 14,010 ✭✭✭✭✭
    Mint-made adjustment marks were common back then, but especially on larger denominations where overweight planchets amounted to more.
    When in doubt, don't.
  • Very cool information!!!
  • You DO save 5% if you buy 2. That could add up to some lunch money image
  • renomedphysrenomedphys Posts: 3,820 ✭✭✭✭✭
    There's still a lot to like about this coin. Full-feather breasted small eagles are one of the best things in numismatics, IMO.
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    I think it is beautiful.image
    Becky
  • The filing enhances the cool factor, IMHO. Nice coin. Hope it finds a good home.
    Let's try not to get upset.
  • jdimmickjdimmick Posts: 9,779 ✭✭✭✭✭
    I thought you were the guy with the rare canadian half, money was no object?

  • jdimmick;

    I am in the middle class not the high middle or the high class......

    Yes I am but I never said I was a millionaire nor that money was not a object...I invested in the 1921 50 cent from Canada never have I paid that much for a coin before and nor shale I probably in the future. This coin was a 50/50 purchase with my brother. I could not afford the full price my self....not now and not in the future either. It does not mean because you have one huge coin that you have more. Can't say the same for my brother he will buy some nice stuff in the U.S but hey he makes 3 times my salary and I have a good career. But his house is paid for....not mine I like 99% of people have a 30 year mortgage with 27 years left....if one day I get a good price for my 1921 then maybe I can pay off my place faster...then enjoy the extra money per month on coins and a nice cottage to just relax.
  • tradedollarnut:

    That MS-65 is much nicer love full blast silver coins much more than those with heavy toning or any toning for that matter.
  • mr1931Smr1931S Posts: 6,411 ✭✭✭✭✭
    The adjustment marks are no big deal.This dime just happens to have a characteristic that makes it an unquestionable representative of early American coinage.

    The coin is delightful and the adjustment marks are a.........







    plusimage

    Whoever is careless with the truth in small matters cannot be trusted with important matters.



  • << <i>I dunno. 50K is a lot of money to many of us but even in this forum there are members who have no problem buying a 50K coin if they really like it. >>



    And I've been trying to get any of those members to adopt me anytime soon!image
  • jdimmickjdimmick Posts: 9,779 ✭✭✭✭✭
    sorry, didnt mean to offend you, just saw your post on that rare canadian piece, and its current value when you posted it prior, then saw your post about having to wait till 2013 to buy additional coins.

    some folks on this forum are quite cash flush and money seems to be a non issue.
  • jdimmick:

    No worries....you could not have known!! I wish I had funds like that but I just collect semi-key coins in grades I can afford and find nice.
  • jdimmickjdimmick Posts: 9,779 ✭✭✭✭✭
    Same here,

    sold my collection approx 5 years ago to open a B & M , thanks to the PM / scrap gold market, i have been able to pick up some great key date coins over the past year or so. I am not cash flush, but have done well enough to buy some great pieces when they come available.


    jim
  • Congrats on the B & M!!! I work for my self since 2010 I get to work direct from home I love my job!! Do not miss the morning traffic and all the complaints from people having a bad day at my old job.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭


    << <i>The file marks are a major negative ... especially for anyone with enough money to consider buying a coin in this price range. In addition, no sticker. >>



    At least the mint made those file marks. They also made the luster on that coin which now appears to be missing quite a bit in the unprotected obv fields. But we all know
    that early bust coinage is graded to a different standard.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • stealerstealer Posts: 4,035 ✭✭✭✭
    On top of previously stated reasons, I would wager that toning isn't all that attractive in hand especially on the reverse. Toning seems like it was caused by some exposure, explaining the odd pattern.
  • determineddetermined Posts: 771 ✭✭✭


    << <i>The adjustment marks are no big deal.This dime just happens to have a characteristic that makes it an unquestionable representative of early American coinage.

    The coin is delightful and the adjustment marks are a.........

    plusimage >>




    image
    I collect history in the form of coins.
  • tradedollarnuttradedollarnut Posts: 20,200 ✭✭✭✭✭
    nah. Adjustment marks are never a plus
  • CoinCastCoinCast Posts: 510 ✭✭✭
    I can't believe there are 13 finer according to that listing. Wow

    Partner @Gold Hill Coin

  • stealerstealer Posts: 4,035 ✭✭✭✭


    << <i>I can't believe there are 13 finer according to that listing. Wow >>


    I would wager many in that count is made up of regrades.
  • determineddetermined Posts: 771 ✭✭✭


    << <i>nah. Adjustment marks are never a plus >>



    Of course a coin without adjustment marks is preferable, but if an early American coin has them I just consider it a part of it's contemporary history. Depending on it's placement and consequence it usually bothers me little. Instead of marks I see history. But I can only speak for myself
    I collect history in the form of coins.
  • BillJonesBillJones Posts: 34,796 ✭✭✭✭✭
    The 1796 dime in my collection has adjustment marks.

    imageimage

    I guess I'm in the minority, but so long as adjustment marks are not in a bad place (like across the portrait or on the eagle) or are too deep and obvious, I don't have a huge problem with them. They were a part of the early minting process.

    I'd say the same thing about minor copper spots on gold coins. Yet there are collectors who won't touch a gold coin that one or a couple of copper spots even if they are super light.

    I really like this coin, but I'm done with upgrading my type set for the most part.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • TwoKopeikiTwoKopeiki Posts: 9,859 ✭✭✭✭✭
    Amazing coin. Planchet adjustment marks are not distracting to me, at all.
  • CommemDudeCommemDude Posts: 2,341 ✭✭✭✭✭
    Does anyone else think it might be sans bean because of the color? Would like to hear from the experts here. I love the strike but I have seen capped bust halves with similar color that would not slab.
    Dr Mikey
    Commems and Early Type
  • BillJones:

    You are lucky to have a 1st year coin in your collection!!!
  • Funny since yesterday there have been 2 offers on the coin on Ebay I guess some people are taking notice of this super coin after all!!!

    http://www.ebay.ca/itm/1796-10C-DRAPED-BUST-DIME-PCGS-MS-64-1ST-YEAR-SMALL-EAGLE-AQUA-TONING-/170898805856?pt=Coins_US_Individual&hash=item27ca5cd460
  • BillJonesBillJones Posts: 34,796 ✭✭✭✭✭


    << <i>BillJones:

    You are lucky to have a 1st year coin in your collection!!! >>



    The experts also think that the variety (JR-1) with the die cud to the left of the date is the first dime pair for the dime. This is one of the most common 1796 die varieties.

    Here is a 1796 half dime with the same color for those who are concerned about the color. Perhaps the same coin doctor worked on both. image

    imageimage
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    What Bill Jones said. image
    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • goldengolden Posts: 9,995 ✭✭✭✭✭
    To get a Draped bust coin with full breast feathers is amazing! I love the color and would not worry about the adjustment marks. image
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Adjustment marks on a VF/XF coin don't quite carry the weight that they do on a MS64 or higher specimen.

    Steely blue toning with some green or brown intermingled is often natural toning on old silver coins. It just happens to be the same color mixes that you see on AT coins too.
    This coin doesn't seem to look any different than fully original ones. I'd vote NT.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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