1829 10C Small 10C Capped Bust Dime
The 1829 Capped Bust Dime is part of the iconic Capped Bust series that captivates both collectors and numismatists with its historical significance and distinct design. The Small 10C (Regular Strike) version from 1829, recognized by its reduced denomination size on the reverse, is a rare and treasured piece among early American silver coinage.
Mint and Mintage
The 1829 Small 10C dimes were minted at the Philadelphia Mint, which was the only operating mint in the United States during that time. According to PCGS CoinFacts, the total mintage for this coin was 770,000. Although this number might seem substantial, very few have survived in higher grades, making them particularly desirable.
PCGS Information
The Professional Coin Grading Service (PCGS) recognizes the 1829 Small 10C under its catalog as PCGS #94526. Collectors frequently seek coins with high PCGS grades, as such pieces command a premium due to their superior condition and graded authenticity.
Historical Context and Design
The Capped Bust Dime was designed by Chief Engraver of the Mint, William Kneass, and features Lady Liberty with a Phrygian cap on the obverse and an eagle with a shield on its breast on the reverse. The Small 10C variety is distinct from its predecessor with smaller letters indicating the denomination on the reverse, representing changes in engraving techniques and styles during the early 19th century.
Rarity and Collectibility
Despite its mintage, the 1829 Small 10C is considered a rarity when found in Mint State or higher grades. This scarcity is largely due to the coin's age, as many coins from this period either were lost, melted, or heavily circulated. Numismatists suggest that high-grade specimens are highly coveted, particularly in MS63 and above, propelling market values substantially.
Market Value and Notable Sales
Values of the 1829 Small 10C vary significantly depending on their condition and historical sales data:
- Good to Very Fine (G-VF): Coins in this range may trade between $250 - $600, appealing largely to entry-level collectors or those filling a type set.
- Extra Fine to About Uncirculated (EF-AU): Values escalate from $1,000 to upwards of $5,000 as the state of preservation becomes more evident.
- - Mint State (MS60 and above): Prices can soar past $10,000 in MS60, and pristine specimens in MS65 or higher have been seen reaching six figures. Noteworthy auctions have seen the 1829 Small 10C fetch substantial bids, exemplifying its desirability among enthusiasts. For instance, a beautifully preserved example in high Mint State condition has achieved impressive results at major auctions, notably enhancing its prestige and value.
Numismatic Significance
From a numismatist's perspective, the 1829 Small 10C holds a revered place in American coinage history. It represents the broader narrative of early 19th-century mint advancements and artistic evolution. Collectors are drawn not only to its scarcity and beauty but also to its embodiment of a young nation's endeavor to refine its numismatic craftsmanship.
