Who won this Half Dime in today's Heritage auction?? 1832 LM-9.2 R-7
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UtahCoin
Posts: 5,366 ✭✭✭✭✭
I used to be somebody, now I'm just a coin collector.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
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Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Just kidding, UtahCoin, I don't collect half dimes.
What's the 9.2 part mean? Is that like software? The 9.1 needed tweaking?
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
To make a long story even longer, I offer this one-sided discussion of the background of what makes this coin special and my thought process in deciding to bid on it:
Weeks before the auction was live, I checked HA.com under "coming soon" for half dimes and saw this coin. My eyes widened as I initially attributed it as an 1832 LM-9.2. I didn't believe it when I concluded it was an 1832 LM-9.2. I attributed it again and again that day, each time reaching the same conclusion. Over the course of the many weeks that the coin was "live" on Heritage's web site, I must have attributed it at least eight more times. I even went to the extent of printing out large images and counting dentils to be 100% sure it was the 1832 LM-9.2 and not a similar die marriage like the 1832 LM-8 die remarriages. So I convinced myself it was the 1832 LM-9.2.
Some background on this die remarriage now. The reverse die used for this die marriage is known as "Reverse T." This reverse was used on four different die marriages and nine remarriages (a total of 13 uses of this reverse die!), with the 1832 LM-9.2 being the sixth use of the reverse. The 1832 LM-9 die marriage (which includes the group of 9.1 and 9.2 remarriages) used to be considered an R-7 die marriage, but enough examples surfaced so it has been classified as R-6. The 1832 LM-9.1 die marriage is certainly an R-6+ as a remarriage, but the 1832 LM-9.2 has remained very elusive. I consider it to be an R-7+. My knowledge of existing examples includes a cleaned XF-45 (the grade assigned by Bowers and Merena in 2002) that used to be finest known (sold for $2200 in a 2002 auction); a VF-XF that sold unattributed on ebay (maybe three years ago?) to a specialist on the East Coast for less than a thousand dollars (I was the underbidder and did not appreciate the rarity of the remarriage at the time, otherwise I would have bid much higher!), and another coin I have not verified personally, but do not doubt its existence, that is said to be rather low grade. So the HA.com example became approximately the 4th known and the finest of them all. In the most recent JRCS survey, there was only one reported example of the 1832 LM-9.2, a G-4 piece, that a fellow specialist reported to me is misattributed by its owner and the coin is really an 1832 LM-8. Obviously, not all collectors report their holdings, as the collector who owns the other three examples (yep, one collector owns all three to the best of my knowledge) chooses not to participate in the survey. One more item of note on this die remarriage: a year or two ago, a bust half dollar collector on the East Coast said he found an example of the 1832 LM-9.2 in the grade of XF. He reported it to the JR News via email and created quite a stir, as this is one of the "Holy Grails" of capped bust half dimes. A knowledgeable half dime specialist visited this collector and attributed his coin as an 1832 LM-8…so it was a false alarm. That's probably enough information on the rarity and known population of the 1832 LM-9.2.
Back to the auction. I knew this coin would not be cheap, so I needed funds to back up a healthy bid. Many of you remember that I recently sold a type set of coins in old PCGS holders, ostensibly for the sole purpose of bidding on an R-8 half dime (1835 LM-12, which I won at a Stack's auction). I did not tell anyone at the time, but that sale had another purpose: to raise money for this coin too! Thanks to all who bought coins from me in that sale, you helped me achieve ownership of a dream coin.
As to the price paid, I think I paid a very fair retail price for the coin. I am sure that I will receive offers for the coin and doubly sure that my answer to such offers, regardless of the price, will be "thank you, no." This is a keeper.
I took some pictures of the coin today and have provided them below. I intend to cross the coin to PCGS (most of my half dimes are in PCGS holders) at the ANA in Boston and ultimately, it will find its way to Mark Goodman for high-quality imaging…as long as Mark is willing, of course.
edit to add: I just added the TrueView photo here for posterity
If anyone has questions or comments, feel free to post and I will answer to the best of my ability. And yes, Realone, it is WAY COOL to own or have owned the finest example of both the 1832 LM-9.1 and 1832 LM-9.2.
I couldn't be happier for a fellow collector.
All the best. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Congrats RM, one of the greatest rarities for one of the greatest fip enthusiast. The damn thing is heavy in the eye appeal department to boot!
Greg
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>OK, folks, time for me to fess up. I won the coin. As to the reason why I didn't announce it sooner…how many times has someone announced that they bid on and won "a rip" or a "cherrypick" or a special coin and then never received it? Yeah, more times than I care to count. So I had to curb my enthusiasm until I was sure I would receive the coin in hand without evil supernatural forces intervening. The FedEx package arrived today. I put the box aside for a few hours before opening it because life and family come first. Anyway, finally got to open the box this evening and examine the coin to verify it was the one I bid on and won, and of course, it is. So I am the proud owner of this 1832 LM-9.2 capped bust half dime in NGC AU-58.
To make a long story even longer, I offer this one-sided discussion of the background of what makes this coin special and my thought process in deciding to bid on it:
Weeks before the auction was live, I checked HA.com under "coming soon" for half dimes and saw this coin. My eyes widened as I initially attributed it as an 1832 LM-9.2. I didn't believe it when I concluded it was an 1832 LM-9.2. I attributed it again and again that day, each time reaching the same conclusion. Over the course of the many weeks that the coin was "live" on Heritage's web site, I must have attributed it at least eight more times. I even went to the extent of printing out large images and counting dentils to be 100% sure it was the 1832 LM-9.2 and not a similar die marriage like the 1832 LM-8 die remarriages. So I convinced myself it was the 1832 LM-9.2.
Some background on this die remarriage now. The reverse die used for this die marriage is known as "Reverse T." This reverse was used on four different die marriages and nine remarriages (a total of 13 uses of this reverse die!), with the 1832 LM-9.2 being the sixth use of the reverse. The 1832 LM-9 die marriage (which includes the group of 9.1 and 9.2 remarriages) used to be considered an R-7 die marriage, but enough examples surfaced so it has been classified as R-6. The 1832 LM-9.1 die marriage is certainly an R-6+ as a remarriage, but the 1832 LM-9.2 has remained very elusive. I consider it to be an R-7+. My knowledge of existing examples includes a cleaned XF-45 (the grade assigned by Bowers and Merena in 2002) that used to be finest known (sold for $2200 in a 2002 auction); a VF-XF that sold unattributed on ebay (maybe three years ago?) to a specialist on the East Coast for less than a thousand dollars (I was the underbidder and did not appreciate the rarity of the remarriage at the time, otherwise I would have bid much higher!), and another coin I have not verified personally, but do not doubt its existence, that is said to be rather low grade. So the HA.com example became approximately the 4th known and the finest of them all. In the most recent JRCS survey, there was only one reported example of the 1832 LM-9.2, a G-4 piece, that a fellow specialist reported to me is misattributed by its owner and the coin is really an 1832 LM-8. Obviously, not all collectors report their holdings, as the collector who owns the other three examples (yep, one collector owns all three to the best of my knowledge) chooses not to participate in the survey. One more item of note on this die remarriage: a year or two ago, a bust half dollar collector on the East Coast said he found an example of the 1832 LM-9.2 in the grade of XF. He reported it to the JR News via email and created quite a stir, as this is one of the "Holy Grails" of capped bust half dimes. A knowledgeable half dime specialist visited this collector and attributed his coin as an 1832 LM-8…so it was a false alarm. That's probably enough information on the rarity and known population of the 1832 LM-9.2.
Back to the auction. I knew this coin would not be cheap, so I needed funds to back up a healthy bid. Many of you remember that I recently sold a type set of coins in old PCGS holders, ostensibly for the sole purpose of bidding on an R-8 half dime (1835 LM-12, which I won at a Stack's auction). I did not tell anyone at the time, but that sale had another purpose: to raise money for this coin too! Thanks to all who bought coins from me in that sale, you helped me achieve ownership of a dream coin.
As to the price paid, I think I paid a very fair retail price for the coin. I am sure that I will receive offers for the coin and doubly sure that my answer to such offers, regardless of the price, will be "thank you, no." This is a keeper.
I took some pictures of the coin today and have provided them below. I intend to cross the coin to PCGS (most of my half dimes are in PCGS holders) at the ANA in Boston and ultimately, it will find its way to Mark Goodman for high-quality imaging…as long as Mark is willing, of course.
If anyone has questions or comments, feel free to post and I will answer to the best of my ability. And yes, Realone, it is WAY COOL to own or have owned the finest example of both the 1832 LM-9.1 and 1832 LM-9.2.
This is the kind of post I truely love on this board. Alot of knowlege backed up by factsand a love for collecting, congrats on the wonderful coin.
Lance.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Neat coin & congrats to Barndog for his win.
Way to go Barndog!