1858 LIBERTY SEATED H10C, DRAPERY PR66 Cameo
GEM WHITE CAMEO. ONLY 80 STRUCK. TIED FOR HIGHEST GRADED.
NGC Graded Higher:
In 18598, the first pencil with an attached eraser was patented in Philadelphia. The device, invented by Hyman Lipman, was seen as so revolutionary that it was soon bought by Joseph Reckendorfer for $100,000. Unfortunately for Reckendorfer, an 1875 Supreme Court case determined that the device did not constitute an invention and the patent could not be upheld. This 1858 half dime recalls the first instance of a device that would grow to be used by nearly all pencil manufacturers.
All early proof Seated Half Dimes are scarce, if not rare coins that are the province of advanced collectors and investors. Mintage figures for the Stars Obverse series are unknown, the Mint optining not to keep records of either its production of proof coins or its sale of those pieces during this period. Given the fact that there were few collectors active in the United States of the 1840s and 1850s, we believe that very few proof Half Dimes were delivered during these decades. Even fewer have survived, and the earliest issues in the Stars Obverse portion of the Seated Half Dime series can be particularly elusive. In fact, many early proof Seated Half Dime deliveries have extant populations of fewer than 10 or 20 coins. Later-date examples are more plentiful, but issues such as the 1857, 1858 and 1859 are still scarce and not offered with any degree of regularity in today's market.