1807 DRAPED BUST 10C MS65

Our Price: $35,750.00
NGC Price: $44,500.00 **
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Coin Description

GEM SILVER LUSTROUS SURFACES. JR-1. ONLY 2 COINS GRADED HIGHER AT NGC.

Federal records indicate that 165,000 Dimes were struck in the Philadelphia Mint in 1807, 80,000 pieces in the first quarter of the year and 95,000 examples during the second quarter.  We believe that somewhere between 40,000 and 50,000 of the coins delivered during the first quarter may have been struck from 1805-dated dies which, if true, leaves an actual mintage for the 1807 of approximately 125,000-135,000 pieces.

The 1807 is the final issue in the Draped Bust Dime series, and it has long been popular among numismatists seeking a representative of the Large Eagle reverse type.  Mint employees used only a single die marriage to deliver this issue, the reverse of which was previously used to strike Capped Bust Right Quarter Eagles (!) dated 1805, 1806/4, 1806/5 and1807.  This was common practice in the early U.S. Mint as high-quality steel was in very short supply and employees tried to extend working die life as long as possible.  The Dime and Quarter Eagle were perfect candidates to share reverse dies because they were of the same size (approximately 19-20 millimeters) and the initial designs did not include an expression of the denomination.

Specifications

Grading Service: NGC SKU: 128795
Grade: MS 65 Cert Number: 4627816014
Bring This Coin to Life
In 1807, the United States experienced a year of remarkable progress and change, reflecting a time of innovation that significantly contributed to shaping the future of the nation. Among these developments, a notable leap forward in urban infrastructure emerged with the introduction of gas lighting in Baltimore. This groundbreaking advancement positioned Baltimore as the first American city to illuminate its streets with gas lights, setting a precedent that would revolutionize urban environments across the country. The adoption of gas lighting marked a significant departure from traditional oil lamps and candles, offering a brighter, more reliable source of light. This innovation dramatically transformed the nocturnal landscape of cities, making streets safer and more navigable at night. The impact on public safety was immediate, as well-lit streets discouraged crime and made evening activities more feasible for citizens, contributing to a vibrant night-time economy. Furthermore, the extended hours of light allowed businesses to operate longer into the evening, boosting productivity and fostering a culture of bustling city life that extended beyond the limitations of natural daylight. Beyond its practical applications, the introduction of gas lighting in Baltimore symbolized the onset of modern urban living. It reflected the United States' embrace of technological advancements and its willingness to invest in infrastructure improvements that enhanced the quality of life for its urban dwellers. This pioneering move was not just about lighting streets; it was a declaration of the country's forward-looking vision, signaling a commitment to innovation and progress. The successful implementation of gas lighting in Baltimore catalyzed the widespread adoption of this technology in other cities, paving the way for the electrification of America and the eventual emergence of the modern cityscape. This transformative period in 1807, highlighted by the advent of gas lighting, exemplified the United States' capacity for innovation and adaptation. It marked a significant milestone in the evolution of urban infrastructure, demonstrating how technological advancements could reshape societal norms and expectations. The shift towards gas lighting was a key moment in the broader narrative of American progress, reflecting a society in transition and eager to embrace the possibilities of a new era in urban development.
**Source: NGC Price Guide. Although we try to be as accurate as possible on the listed population, third party pricing and coin information, information constantly changes. We suggest you verify all information.