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 1-941-291-2156
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.
