1859 LIBERTY SEATED 10C, DRAPERY PR66 Cameo

GEM WHITE CAMEO. ONLY 800 STRUCK.
Grading Service: NGC
SKU: 127858
Cert Number: 3319344012
$7,650.00**
$5,450.00

1859 LIBERTY SEATED - TYPE 3 10C

In 1859, not long after leaving port in Liverpool, the passenger ship the Pomona sank in the North Atlantic on its way to New York. Tragically, four hundred people on board perished in the freezing waters with only around twenty people making it off the wreck and onto a longboat. This 1859 dime recalls the disastrous sinking of the Pomona.

Beginning in 1853, the United States Mint lowered the weight of the Dime from 2.67 grams to 2.49 grams.  This was done to discourage the hoarding and melting of silver coins that became popular (and profitable) during the California Gold Rush era.  Due to the vast majority of gold being mined on the U.S. West Coast, the value of silver reckoned in gold increased on the world market to the point where old-tenor Dimes became worth more as bullion than as circulating coinage.  In order to denote this weight reduction, the Mint placed arrows at both sides of the date beginning after February 21, 1853 and continuing through 1855.  Since they were struck during the era before the Mint began widespread marketing of proof coins, specimen strikings of the 1853-1855 Arrows Dime were produced in very limited quantities.  All three dates of this short-lived type and rare in proof format, and survivors enjoy strong demand among both advanced type collectors and numismatic investors.

**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.