Coin Specifications

Category: Seated Liberty Dimes (1837-1891)
Mint: Philadelphia
Mintage: 14,000
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Silver
Fineness: 0.9000
Weight: 2.4900g
ASW: 0.0723oz
Melt Value: $1.34 (2/22/2020)
Diameter: 17.9mm
Edge: Reeded
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1863 10C MS obverse 1863 10C MS reverse
Images Courtesy of Heritage Auctions (HA.com)
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Description & Analysis

By 1863 silver coins were traded for a significant premium over the value of federal paper currency, and they were not seen in daily commerce, except in the Far West. There the inflationary economy rendered the dime the smallest coin in use, and silver circulated freely.

It appears that this small mintage of dimes at the Philadelphia Mint was produced primarily for the purpose of paying off the Mint's bullion depositors to the exact amount due them. The demand from collectors was solely for proofs until decades later. The same die pair was used for both editions.

With little likelihood of circulation, it's not surprising that the surviving population of 1863(P) dimes is skewed toward Mint State grades or just faintly worn pieces. Well worn examples are more rare than unworn dimes for this and most P-Mint issues of the mid 1860s.

GRADE SUMMARY

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Price Guide

Last Updated: 4/15/2019

Click on a price to see historical prices, comparison charts and trends.

1863 10C MS
  GVGFVFXF505355586061626364656667686970
Base $ 940 990 1300 1500 1600 1700 1750 1800 1850 2000 2200 2400 2800 3250 5500 6250 9050 - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 39
Low Grade: G
Average Grade: 62
High Grade: 67

The chart showing G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 2/18/2020 1863 10C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-2212-----1-1-310881---39
----------------12----3
-----------------------
-----------------------
Total-2212-----1-1-3109101---42
 -5%5%2%5%-----2%-2%-7%24%21%24%2%--- 

NGC Registry

NGC Registry Score 1863 10C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base1333164916971969212421972222226823022335236824642585269929103126398442174946524553997116
1438166517882021214822052237227923132346240025042623276929823412406244605046529659710
0000002237227923132346240025042623276929823412406244605046529600
0000002253229123242357243225452661284030543698413947035145534800
Registry Image Gallery
Grade: MS 65
Points: 3984
Owner: Gerry Fortin
 
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