1860-S LIBERTY SEATED 10C MS65
A SUPERB GEM. SATINLIKE LUSTER. TIED WITH ONE OTHER COIN FOR HIGHEST GRADED AT PCGS. ELIASBERG PEDIGREE. CAC.
As with the Half Dime, Quarter and Half Dollar, the Dime had its weight reduced through the Mint Act of February 21, 1853. This was done to discourage the widespread hoarding and exportation of silver coins that had become prevalent in the years immediately following the onset of the California Gold Rush. In order to distinguish the Dimes struck to the new weight standard of 2.49 grams from their old tenor (2.67 grams) counterparts, Mint personnel modified the Seated Liberty design by placing arrows at the date. The Dimes were dropped after 1855 as no longer being necessary, thus creating a short-lived, three-year type that has long been popular with numismatists.