1796 10C AU55 Certification #85775324, PCGS #4461

CoinFacts Details

Owner's Comments

Heritage Comments: 1796 Draped Bust Dime, AU55 First-Year Issue, JR-1 1796 10C JR-1, R.3, AU55 PCGS. Despite a 22,135-piece Guide Book mintage, the 1796 date is surprisingly available leading many researchers to believe additional 1796-dated dimes were struck in 1797. The JR-1 variety is the most available of seven 1796 die marriages. It is one of the most recognizable, too, with a large cud partially obscuring star 1 on most examples. The cud formed early on and, while often identified as a late die state, only a few 1796 JR-1 coins lack the anomaly. This Choice About Uncirculated example displays a ragged, prominent cud at the first star and a blurry, arc-like die crack curving in front of Liberty's face to the neck and shoulder. A horizontal die crack beneath the eagle's right (facing) wing confirms the middle-to-late die stage. Slight central weakness is characteristic of the later strikes. Tan-gold toning is prominent at the margins and lightens toward the centers, supported by pleasing mint luster that remains throughout the lightly abraded surfaces. Population (all 1796 varieties): 25 in 55, 85 finer (12/23). Coin Index Numbers: (NGC ID# 236B, Variety PCGS# 38742, Base PCGS# 4461, Greysheet# 213014) Weight: 2.70 grams Metal: 89.24% Silver, 10.76% Copper

Expert Comments

Ron Howard

My favorite regular-issue U.S. coin is the coin PCGS graded MS 68. It is, in my opinion, unmatchable for its combination of originality, preservation, and historic numismatic significance.

Ron Guth

Varieties (6):
JR-1 - Scarce
JR-2 - Very Scarce
JR-3 - Rare
JR-4 - Very Scarce
JR-5 - Rare
JR-6 - Very Scarc

1796 was the first year that Dimes were struck in America. Six varieties (different die combinations) are known for the year, all of which are either scarce or rare. 1796 Dimes are very rare in Uncirculated condition and most examples fall in the MS-62 to MS-64 range. Gem and better examples are extremely rare.

Sources and/or recommended reading:
"Early United Dimes 1796-1837" by David J. Davis et al.

PCGS #

4461

Designer

Robert Scot

Edge

Reeded

Diameter

19.80 millimeters

Weight

2.70 grams

Mintage

22135

Metal

89.2% Silver, 10.8% Copper

Pop Higher

Pop Lower

298

Region

The United States of America

Price Guide

PCGS Population

Auctions - PCGS Graded

Auctions - NGC Graded

Rarity and Survival Estimates Learn More

Grades	Survival Estimate The Survival Estimate represents an average of one or more experts opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.	Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.	Relative Rarity by Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.	Relative Rarity by Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
65 or Better	850	R-5.3	3 / 3	14 / 16
All Grades	75	R-8.2	3 / 3	11 / 16
60 or Better	18	R-9.2	2 / 3	6 / 16

Survival Estimate The Survival Estimate represents an average of one or more experts opinions as to how many examples survive of a particular coin in three categories: 1) all grades, 2) 60 or better, and 3) 65 or better. These estimates are based on a variety of sources, including population reports, auction appearances, and personal knowledge. Survival estimates include coins that are raw, certified by PCGS, and certified by other grading services.
65 or Better	850
All Grades	75
60 or Better	18

Numismatic Rarity Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. The higher the number, the more rare the coin.
65 or Better	R-5.3
All Grades	R-8.2
60 or Better	R-9.2

Relative Rarity by Type Relative Rarity By Type ranks the rarity of this coin with all other coins of this Type. Lower numbers indicate rarer coins.
65 or Better	3 / 3
All Grades	3 / 3
60 or Better	2 / 3

Relative Rarity by Series Relative Rarity By Series ranks the rarity of this coin with all other coins of this Series. Lower numbers indicate rarer coins.
65 or Better	14 / 16
All Grades	11 / 16
60 or Better	6 / 16

Condition Census Learn More

Pos	Grade	Pedigree and History
1	MS68 PCGS grade	MARCA 1/1988:409 - Heritage 8/2014:5553, $793,125
2	MS67 PCGS grade	Stack’s “Empire” 11/1957:728 - Jimmy Hayes Collection - Stack's 10/1985:16 - John Whitney Walter "Mr. 1796" Collection - Stack's 5/1999:1763 - Eugene H. Gardner Collection - Heritage 6/2014:30229, $881,250 - Bob R. Simpson Collection
3	MS66+ PCGS grade	Malcolm N. Jackson Collection - United States Coin Company 5/1913:1000 - Hank Rogers Collection, sold privately in 8/1972 - Jimmy Hayes Collection - Stack’s 4/1983:1139, $37,000 - Paramount “Auction ‘84” 7/1984:612, $37,400 - Foxfire Collection (Claude E. Davis, MD), sold privately (as an entire collection) on 10/5/2004 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1034, $235,000
3	MS66+ PCGS grade	James A. Stack Collection - Stack's 1/1990:2 - Goldbergs 9/2003:241, $120,750 - Ed Price Collection - Heritage 7/2008:1411, $299,000 - Joseph C. Thomas Collection - Heritage 4/2009:2208, $253,000 - JRCSLM32 (PCGS Set Registry)
5	MS66 PCGS grade	"Colonel" E.H.R. Green Collection - Partnership of Eric P. Newman & B.G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $30 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33313, $188,000 - Bob R. Simpson Collection - The Type Set Collection (Oliver Jung) (PCGS Set Registry)

#1 MS68 PCGS grade

MARCA 1/1988:409 - Heritage 8/2014:5553, $793,125

#2 MS67 PCGS grade

Stack’s “Empire” 11/1957:728 - Jimmy Hayes Collection - Stack's 10/1985:16 - John Whitney Walter "Mr. 1796" Collection - Stack's 5/1999:1763 - Eugene H. Gardner Collection - Heritage 6/2014:30229, $881,250 - Bob R. Simpson Collection

#3 MS66+ PCGS grade

Malcolm N. Jackson Collection - United States Coin Company 5/1913:1000 - Hank Rogers Collection, sold privately in 8/1972 - Jimmy Hayes Collection - Stack’s 4/1983:1139, $37,000 - Paramount “Auction ‘84” 7/1984:612, $37,400 - Foxfire Collection (Claude E. Davis, MD), sold privately (as an entire collection) on 10/5/2004 - D. Brent Pogue Collection - Stack’s/Bowers & Sotheby’s 5/2015:1034, $235,000

#3 MS66+ PCGS grade

James A. Stack Collection - Stack's 1/1990:2 - Goldbergs 9/2003:241, $120,750 - Ed Price Collection - Heritage 7/2008:1411, $299,000 - Joseph C. Thomas Collection - Heritage 4/2009:2208, $253,000 - JRCSLM32 (PCGS Set Registry)

#5 MS66 PCGS grade

"Colonel" E.H.R. Green Collection - Partnership of Eric P. Newman & B.G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $30 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33313, $188,000 - Bob R. Simpson Collection - The Type Set Collection (Oliver Jung) (PCGS Set Registry)