1887 10C Seated Liberty Dime
The 1887 10C, commonly referred to as the Seated Liberty Dime, is a significant coin in American numismatics. Minted during an era of economic growth and transformation in the United States, the 1887 Seated Liberty Dime remains an essential collectible for coin enthusiasts. The coin was minted at the Philadelphia Mint, which is noted for producing high-quality coins during this period. The Seated Liberty Dime was designed by the renowned engraver Christian Gobrecht and features Lady Liberty seated on a rock, holding a shield to symbolize protection. An olive branch is positioned in the other hand, representing peace. The reverse showcases a wreath encircling the denomination.
Mintage and Rarity
The year 1887 saw a relatively high mintage for the Seated Liberty Dimes, with approximately 11,334,470 coins produced. Despite this large mintage, many of these dimes have since been lost or melted down, making certain grades more challenging to find. This coin’s historical significance and design attract collectors, contributing to its desirability in today's market.
Value and Market Analysis
In terms of value, the 1887 Seated Liberty Dime can vary significantly based on its grade and condition. Coins in lower grades may be valued modestly, often within the range of $20 to $50, making them accessible to beginner collectors. However, high-grade examples, such as those in Mint State (MS) condition, can fetch considerably higher prices. For instance, an MS65 grade 1887 Seated Liberty Dime might command prices over $1,000, with exceptionally toned or pristine examples exceeding this range.
Historical Sales Records
Recorded sales on platforms like Stack’s Bowers Galleries and Heritage Auctions illustrate this variance. For example, MS64 or MS65 coins have been known to sell for over $1,000 depending on the quality of the strike and eye appeal. Coins in exceptional condition with unique characteristics such as strong strikes or vibrant toning can achieve even higher premiums at auction.
Numismatic Interest
From a numismatist's perspective, the 1887 Seated Liberty Dime is significant due to its place in the broader context of the Seated Liberty design, which ran from 1837 to 1891. Collectors often seek to assemble complete date and mintmark collections, increasing the demand for even the more common dates within this series. The coin's historical context as part of a series that spanned significant events in American history adds to its allure.
PCGS Information
According to PCGS CoinFacts, the 1887 10C is cataloged under PCGS #4698. The coin's high mintage might imply common availability, but its true value is found in pristine grades due to their scarcity. Collectors particularly pay attention to factors such as original luster, minimal abrasions, and strong details to maximize the appeal and investment potential of their portfolios. Collecting the 1887 Seated Liberty Dime involves appreciating not just its design and aesthetic qualities but also its historical context and market dynamics. As a piece of American numismatic history, it continues to capture the interest of collectors worldwide.
