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July 25, 2014

COIN OF THE WEEK

1796 DRAPED BUST DIME PCGS MS63
Click on Coin Image to enlarge


1796 Draped Bust Dime 10C PCGS MS63- $42,500.00


In very recent history an MS-67 CAC 1796 Dime brought $881,000.00+ at auction. This is a Great early American coin. Around the same time that coin was being sold, we had an MS-66 specimen of the 1796 Draped Bust Dime on our website which we thought was a good price at $135,000.00. This coin was spotted and purchased by The American Independence Collection, a pedigreed collection of early American rarities. Here is a glorious example of the 1796 Dime graded by PCGS as MS-63 for what we think is a great buy on a top grade early bust dime of any kind, especially a 1796.....do you remember who was President then? Price: $42,500.00

Folks, high grade earlies, especially the ones with dates in the 1790’s are all rare and are all experiencing a growing awareness of how neat and historic these coins are and how they've done thru the ages in terms of investment which is very good. I have specialized in the earlies for more than 2 decades and I can tell you that the amount of collectors, investors and dealers in this material has grown by several fold and as we continue to see this almost evolution of growth in the world of numismatics a portion of that growth will natually find it’s way into the earlies. Early US coins of all denominations from an investment point of view have always, always been among the most stable growers in price.

Decade after decade “early type” has really blossomed and we’re seeing more specialists that ever wanting to own a dime that Jefferson might have had, or a dollar that Washington may have bought a round while discussing tactics. That spells more growth for the future. Whether you are considering these coins as a collector, as an investor for profits, to set aside as a legacy to a grandchild or young person, the early coins which are foundational as well in the historic aspects of our country, also make one of the futures most important investments as well.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

1796 Draped Bust Dime PCGS MS63. The Coinage Act of 1792 authorized the mintage of a "disme" however production would be delayed until 1796. As Chief Engraver of the newly authorized United States Mint, Robert Scot embarked on a mission to create our country’s first Dimes. Many believe he transferred a sketch of William Ann Bingham, a prominent Philadelphia socialite, created by well known portrait artist Gilbert Stuart, onto the obverse dies of our first regular issue dime.

The obverse displays a portrait of Liberty facing right with long flowing hair, surrounded by 15 stars representing 15 States. The reverse displays a Bald Eagle facing right, perched on swirling clouds, surrounded by palm and olive branches with berries fastened together with a bow.

With a limited production of only 22,135 reported for circulation, few numismatist will have the opportunity to study these wonderful federal issues in person. There are six known varieties (different die pairings) all of which are scarce.

Simply amazing best describes this 1796 Draped Bust Dime, graded Mint State 63 by the Professional Coin Grading Service (PCGS). Remarkably well preserved details of the obverse are accented by gentle shades of crimson and lavender.


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NEW COINS ADDED - (The week of 7/25/2014)

1840-C $5 Gold PCGS MS60

1841-C $5 PCGS MS61

1842-C $5 PCGS MS61

1844 $5 Gold, No Motto, PCGS MS64

1844-D $5 Gold PCGS MS61

1846 $5 Gold, Small Date NGC MS62

1847-C $5 Gold PCGS MS61

1903-S $20 Gold PCGS MS65

1904-S $20 Gold PCGS MS66

1885-S $20 Gold PCGS MS64

1847-C $5 Gold NGC MS62

1850-C $5 Gold PCGS MS63

1852-C $5 Gold PCGS MS61

1853-D $5 Gold PCGS MS63. Large D

1854 $5 Gold NGC MS64

1854-C $5 Gold NGC MS63

1854-D $5 Gold PCGS MS62. Large D

1856 $5 Gold PCGS MS63

1856-C $5 Gold PCGS MS61

1856-O $5 Gold NGC MS60

 

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com


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