Coin Specifications

Category: Seated Liberty Dimes (1837-1891)
Mint: New Orleans
Mintage: 406,034
Catalog: KM-61
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 2.67 Grams
ASW: 0.0773oz
Melt Value: $1.33 (10/22/2014)
Diameter: 17.9mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1838 O 10C MS obverse 1838 O 10C MS reverse


  
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Description & Analysis

The Philadelphia Mint shipped two pairs of dime dies to the New Orleans Mint on April 9, but these did not arrive in the Crescent City until May 3. The first dimes were struck four days later, but these 30 pieces were earmarked for presentation purposes. The real coinage began in June, with a subsequent press run in July. A few thousand more were coined early the following year from the second pair of dies.

Why the obverse dies lacked stars is unclear, as all of those coined at the Philadelphia Mint in 1838 had these added by hand to each working die. This issue is thus popular with both type and date/mint collectors.

One of the two reverse dies features a repunched mintmark, but the overall rarity of this issue precludes any significant pursuit of varieties.

Most of the presentation pieces seem to have been lost, and precious few of the currency issue were preserved in Mint State. Such survivors are very rare, with nearly all known 1838 O dimes being quite worn. High grade examples may show erosion of the denticulated borders from overuse of the dies.

GRADE SUMMARY

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Price Guide

Last Updated: 1/3/2014

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1838 O 10C MS
  GVGFVF4045505355586061626364656667686970
Base $ 55.00 87.00 190 415 765 765 1125 1350 1850 2500 3250 3750 5500 7600 12750 21000 27500 - - - -
$ 825 1225 1475 2000 2700 3500 4100 6000 8400 14750 23000 30000 - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 160
Low Grade: PrAg
Average Grade: 50
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
11/21/2002 NGC XF 45   Heritage Auctions 2002 November Santa Clara Signature Sale #304, 304/Lot# 6047 $603.75
8/25/2004 NGC XF 45   Teletrade Auction 1927, 1927/Lot# 1085 $687.50
1/24/2005 NGC XF 40   David Lawrence Rare Coins Internet-Only Auction #25, 29/Lot# 159 $655.50
2/20/2005 PCGS AU 58   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1072 $2,530.00
2/28/2012 PCGS AU 55   Stack's Bowers The March 2012 Baltimore Auction, 135/Lot# 1998 $1,610.00
7/1/2012 PCGS Genuine XF   GreatCollections GreatCollections Coin Auctions 07/01/2012, 29/Lot# 60135 $368.50
1/1/2013 PCGS AU 58   Stack's Bowers The January 2013 Americana Sale, 180/Lot# 12266 $1,997.50
7/11/2013 NGC Details AU Details  Heritage Auctions 2013 July 11 - 14 US Coins Signature Auction - Orlando Session(5), 1187/Lot# 7604 $646.25


NGC Registry

NGC Registry Score 1838 O 10C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1891632887251138139316091911208723222464264331033675438955631177317861111
301132044338621223146517091969216523692523279632933913478076331380217861110
000000146517091969216523692523279632933913478076331380217861100
000000153718102028224324162583294934844151517197031583117861100
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