1823/2 10C Large Es Capped Bust Dime
The 10C Large Es (Regular Strike), is a coin of significant interest to numismatists due to its rarity and historical value. Minted at the Philadelphia Mint, this specific variety of the Capped Bust series offers collectors an intriguing glimpse into early 19th-century American coinage. The Capped Bust design, crafted by John Reich, was prevalent from 1807 to 1839, with the sub-type of 1815-1836 featuring the lettered edge and 50 C. denomination.
Rarity and Mintage:
According to numismatic records, the mintage of the 1823 Capped Bust Half Dollar amounted to 1,694,292. However, the "Large Es" variety is particularly notable because it represents a distinguishable feature that evolved during the minting process, relevant to collectors who focus on variations within the series. The PCGS CoinFacts reference number for this coin is an essential identifier for those assessing its place within numismatic collections, though exact quantities of surviving specimens remain uncertain, contributing to its rarity.
Historical Context:
The 1820s was a period of expansion and growth in the United States, reflected in the coinage. Coins from this era often exhibit differences in die variations, which were common due to the manual processes involved in die production and use. The "Large Es" refers to the larger lettering on the reverse, particularly noticeable in the "FIFTY CENTS" denomination indication. This specific trait offers insight into the minting practices and adjustments over a decade.
Value and Recent Sales:
In terms of market value, the 1823 Capped Bust 10C Large Es Half Dollar sees significant fluctuations based on its condition, certified grade, and visual appeal. High-grade examples, particularly those with clear delineation of the "Large Es" feature, command substantial premiums in numismatic markets. For instance, auction records reveal prices that can range from several hundreds to thousands of dollars depending on the grade. Coins in mint state condition (notably MS62 and above) have reached impressive figures, showcasing their desirability among collectors.
Numismatist Perspective:
From a numismatist's viewpoint, the 1823 10C Large Es represents both a challenge and an opportunity. Identifying this specific variety involves detailed examination and often requires the expertise offered by grading services like PCGS, which provide validation and authentication of its attributes. Its significance lies not only in its monetary value but also in its contribution to understanding early American minting practices and die variations.
Conclusion:
This coin's continuous interest among numismatists is maintained by its historical significance, variation, and the inherent challenge of acquiring well-preserved specimens. Despite being just a part of the broader Capped Bust series, the 1823 10C Large Es (Regular Strike) half dollar remains a distinguished piece, reflecting the nuanced complexities of early 19th-century coinage. Collectors and historians alike value it as a testament to the craftsmanship and evolving processes of its time.
