A silver dime with an original value of just 10 cents has fetched a staggering $205,625 at auction, marking it as an extraordinary piece of numismatic history. Minted in the early 1800s, this rare gem from 1841 stands out not only for its scarcity but also for its flawless craftsmanship and historical significance.
What Makes the 1841 “No Drapery” Dime Special?
This coin, known as the 1841 “No Drapery” Dime, belongs to the iconic Seated Liberty series, which began in 1840. Here’s why this dime is so exceptional:
- Rarity: Only two examples of the 1841 “No Drapery” dime are known to exist, making it incredibly valuable.
- Material: The coin is composed of 90% silver and 10% copper, highlighting its precious-metal content.
- Eye Appeal: According to Heritage Auctions, the coin boasts a stunning appearance with “delicate cobalt-blue and pale reddish-gold toning over fully mirrored and flawless fields.”
- Design: The Lady Liberty figure sits surrounded by stars, with “LIBERTY” inscribed near her legs and the date 1841 at the bottom.
- Reverse Detail: The words “UNITED STATES OF AMERICA” are engraved around the rim, while “ONE DIME” appears at the center of a wreath tied with a ribbon.
The auction site described this dime as “by far the finer of only two known examples”, making it a once-in-a-lifetime opportunity for advanced collectors.
Historical Context of the No Drapery Series
The No Drapery design refers to the absence of additional drapery detail around Lady Liberty’s legs. This subtle difference sets the 1841 dime apart from later designs in the Seated Liberty dime series, which ran from 1840 to 1891.
Collectors often treasure the “No Drapery” dimes for their transitional nature and unique place in U.S. coinage history. Coins like this can also be included in pattern collections, much like the 1859 transitional dime.
Why This Coin Fetches Top Dollar
The 1841 “No Drapery” dime embodies rarity, historical importance, and exquisite craftsmanship:
- Its flawless mirrored surfaces and impeccable toning make it visually stunning.
- Being one of only two known examples, it is a numismatic treasure.
- It bridges the gap between early American coin designs and the transitional period of the 19th century.
For collectors of Seated Liberty dimes or rare coins, this piece represents a true once-in-a-lifetime acquisition—an extraordinary find that highlights the beauty and heritage of early U.S. coinage.
This rare coin sale highlights the enduring value and fascination of historic numismatic treasures. While its original worth was just 10 cents, its rarity and beauty have elevated it to a staggering $205,625—a testament to the unmatched allure of rare coins.
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