Coin Specifications

Category: Seated Liberty Half Dimes (1837-1873)
Mint: New Orleans
Mintage: 695,000
Catalog: KM-62.1
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 1.34 Grams
ASW: 0.0388oz
Melt Value: $0.74 (9/2/2014)
Diameter: 15.5mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1840 O NO DRAPERY H10C MS obverse 1840 O NO DRAPERY H10C MS reverse


  
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Description & Analysis

This issue is not rare in circulated grades, but Mint State examples are seldom seen. It tends to be overshadowed by the greater rarity of the With Drapery subtype.

The coin illustrated reveals some of the technical deficiencies often associated with New Orleans Mint coins. Its dies are severely clashed, and the borders are quite indistinct from die erosion. This coin features the Small O mintmark which is slightly more scarce than the Medium O. Rarest of all is the Large O reverse leftover from the original 1838 shipment of reverse dies.

Another rare variety is the transitional coin having this No Drapery obverse muled to the new Open Bud reverse intended for the With Drapery issue.

GRADE SUMMARY

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Price Guide

Last Updated: 7/18/2014

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1840 O NO DRAPERY H10C MS
  GVGFVF4045505355586061626364656667686970
Base $ 21.00 25.00 35.00 75.00 155 155 375 450 660 840 1600 1850 2600 4900 9500 17500 24000 - - - -
$ 185 425 500 730 920 1750 2100 3100 6600 - - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 49
Low Grade: F
Average Grade: 55
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
8/19/1996 NGC AU 58   Teletrade Auction 0868, 868/Lot# 1268 $305.20
7/30/2008 PCGS MS 60   Heritage Auctions 2008 July-August Baltimore, MD (ANA) US Coin Signature Auction #1114, 1114/Lot# 17 $2,185.00
4/24/2013 NGC AU 58   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(8), 1184/Lot# 7763 $411.25
11/3/2013 PCGS VF 30   David Lawrence Rare Coins Internet Auction # 776, 785/Lot# 95 $70.00
11/15/2013 NGC VF 30   Heritage Auctions 2013 November 15 - 16 Selections from the Eric P. Newman Collection, Part II Signature Auction - New York Session(4), 1190/Lot# 34170 $317.25
3/9/2014 NGC XF 45   Heritage Auctions Internet Coin Auction Session(2), 131411/Lot# 20603 $611.00
6/23/2014 NGC MS 66   Heritage Auctions 2014 June 23 The Eugene H. Gardner Collection of US Coins Signature Auction - New York Session(1), 1213/Lot# 30188 $18,212.50
7/11/2014 NGC XF 45   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 5513 $105.75


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