Coin Specifications

Category: Seated Liberty Dimes (1837-1891)
Mint: Philadelphia
Mintage: 4,470,000
Catalog: KM-77
Obverse Designer: Robert B. Hughes
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 2.49 Grams
ASW: 0.0720oz
Melt Value: $1.28 (9/21/2014)
Diameter: 17.9mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1854 ARROWS 10C MS obverse 1854 ARROWS 10C MS reverse


  
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Description & Analysis

The massive output of dimes from the Philadelphia Mint in 1853 went a long way toward replacing the decades of dime production at the earlier, now obsolete, standard. Though the 4.47 million pieces struck for 1854 was still an enormous mintage for the period, this only serves to show the magnitude of the need for replacement coins.

In order to speed this recoining by encouraging deposits of silver bullion, Mint Director James R. Snowden disregarded a provision of the 1853 law stipulating that fractional silver coins be paid out only in exchange for gold coin. This clause had been included to prevent a redundancy of fractional silver, as these coins had only limited legal tender value and could be refused by banks in excess of their needs. Snowden believed that the earlier shortage was so severe that the problem could be addressed only by sidestepping the law and, for a time, he was correct. He therefore offered to purchase silver bullion at slightly higher than the market price and to pay for it with newly-minted silver coins. By 1857, however, their numbers had become a nuisance, and his policy was rescinded during the following year.

There are no true varieties for the 1854 dime, despite the many dies required for such a large mintage. Only various die state anomalies are found, and the most appealing of these is F-104a with its shattered obverse.

GRADE SUMMARY

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Price Guide

Last Updated: 1/3/2014

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1854 ARROWS 10C MS
  GVGFVF4045505355586061626364656667686970
Base $ 16.00 18.00 22.00 32.00 65.00 65.00 165 185 220 280 330 390 485 640 1050 2100 4700 13500 - - -
$ 80.00 175 205 235 310 355 425 525 710 1265 2500 5500 15000 -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 229
Low Grade: G
Average Grade: 61
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
1/25/2004 PCGS MS 62   Goldberg January 25-28, 2004 Pre-Long Beach Coin and Currency Auction, 23/Lot# 1871 $448.50
6/27/2005 NGC MS 62   David Lawrence Rare Coins Auction 43: The Cook Family Collection, 47/Lot# 585 $270.25
10/23/2008 PCGS MS 64   Heritage Auctions 2008 October Dallas, TX Signature US Coin Auction #1117, 1117/Lot# 7497 $862.50
12/11/2011 PCGS AU 58   Teletrade Auction 3187, 3187/Lot# 1905 $195.50
1/13/2013 NGC XF 45   Heritage Auctions Internet Coin Auction Session(1), 131304/Lot# 20153 $68.00
5/5/2013 PCGS MS 92   David Lawrence Rare Coins Internet Auction # 750, 759/Lot# 121 $160.00
3/28/2014 PCGS MS 65   Stack's Bowers March 2014 Baltimore Auction, 6008/Lot# 5224 $1,645.00
8/8/2014 NGC XF 45   Stack's Bowers iAuction 3494, 6045/Lot# 21175 $32.90


NGC Registry

NGC Registry Score 1854 ARROWS 10C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base128323745131258366458515593642725882109515582585308041419234149521
10293339731732943964775416096697779531249190027503433583811140149520
000000294396477541609669777953124919002750343358381114000
0000003304274965676256978291024140322422915378775361304600
Registry Image Gallery
Grade: MS 64
Points: 1558
Owner: yosi
 
Grade: AU 58
Points: 593
Owner: Jamie in AZ
 
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