1821 10C Large Date Capped Bust Dime
The 1821 Capped Bust Dime, Large Date (Regular Strike), is a notable coin within the early U.S. numismatic landscape, celebrated for its historical significance and modest rarity. The scarcity of this coin arises from its limited mintage and the attrition over the years. Before delving into its value and auction history, it is essential to consider its background and specification details.
Historical Context and Mintage:
The 1821 Capped Bust Dime belongs to the series introduced in 1809. The design is attributed to John Reich, who revitalized U.S. coinage with his classic motifs. This series is renowned for its depiction of Liberty and classic American iconography on coins. Minted in Philadelphia, the 1821 dime had an alluvial mintage of approximately 1,186,512 coins. Notably, it was part of an era characterized by limited technological advancement in minting processes, affecting coin consistency and variation, such as the Large Date variant.
Design and Characteristics:
The "Large Date" designation differentiates this coin from others produced the same year. The size of the numerals in the date on the obverse side of the coin defines this distinction. The Capped Bust Dime features Liberty on the obverse, wearing a cap inscribed with "LIBERTY." The reverse showcases an eagle with a shield, a classic heraldic emblem that appears on numerous early American coins.
Rarity and Collectability:
This particular coin's rarity emanates from its mintage relative to the attrition rate over nearly two centuries, making high-grade examples particularly desirable among collectors. The survival rate of early 19th-century coins is generally low, and many have been lost, melted down, or worn extensively. PCGS, a leading grading service, recognizes the rarity and assigns it a specific number for identification: PCGS #4497. Collectors strive to source coins with higher grades due to their superior condition and greater aesthetic appeal, which are both significant factors driving premium prices at auctions.
Market Value and Auction Sales:
The value of the 1821 10C Large Date can vary greatly depending on its condition. Coins in pristine condition (Mint State) can command significantly higher prices. Recent auction records can give us insight into the market trend for these coins: - In a recent high-profile auction, an MS64 grade 1821 Large Date dime fetched around $18,000. - Another auction recorded an MS62 example reaching approximately $9,500, illustrating the value variance with condition. - Lower grade coins (e.g., VF20) typically trade in the range of $500 to $800, demonstrating the broad spectrum of prices this coin can achieve.
Numismatic Interest:
The 1821 Capped Bust Dime is more than just a collectible; it’s a piece of early American history. Its allure lies in the combination of age, historical context, and distinctive features, such as the Large Date. It represents the nascent years of American coinage where every coin told a part of the nation’s story. Enthusiasts and numismatists not only seek these coins for their investment potential but also for their intrinsic value as relics of a bygone era. Sites such as CoinFacts offer detailed insights into the specifics of the coin, helping both new and seasoned collectors appreciate their historical and financial worth. In conclusion, the 1821 Capped Bust Dime, Large Date is a cornerstone for collectors interested in early American coinage. Its moderate rarity combined with numismatic significance makes it a storied and worthwhile addition to any collection. The PCGS #4497 provides a reliable reference point for collectors seeking authentication and market evaluation.
