1796 DRAPED BUST 10C, SMALL EAGLE MS63
VERY CHOICE FIRST YEAR OF ISSUE. CAC.
In 1796, dimes were stuck by the US Mint for the first time. Prior to 1796, the Spanish one-real was used in transactions as a comparable denomination, being worth 12 ½ cents. It is interesting that the Mint took so long to adopt the dime, as patterns of the “disme”, which was the first proposed 10 cent denomination, were created in 1792 yet not adopted as currency. The bust of this inaugural dime is rumored to have been based on a portrait of Ann Willing Bingham, daughter of the President of the First Bank of the United States, a woman renowned for her beauty.