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1800 Lm-5 Half Dime: A New Die Marriage

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Pillar of the Community
United States
756 Posts
 Posted 02/19/2023  1:02 pm  Show Profile   Bookmark this reply Add CarrsCoins to your friends list
the auction is live now. the lot can be seen here: https://auctions.stacksbowers.com/l...s-holed-PCGS

here is the description:
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LOT DESCRIPTION
Unique 1800 LM-5 Half Dime

Newly Discovered Die Variety

First Ever Auction Appearance

1800 Draped Bust Half Dime. LM-5. Unique. LIBEKTY. AG Details--Holed (PCGS).

Stack's Bowers Galleries is pleased to present the unique 1800 LM-5 Half Dime - the first new die pairing discovered in the Draped Bust, Heraldic Eagle Half Dime series in nearly three decades. This important discovery was the subject of an article entitled "PCGS Grades New 1800 Draped Bust Half Dime Variety" by Dylan Dominguez and Edward Van Orden, and published October 13, 2022, at coinweek.com. The authors describe the new die pairing and the significance:

A previously unknown die marriage of the 1800 Draped Bust, Heraldic Eagle Half Dime was recently submitted to PCGS for grading. Newly designated as Logan McCloskey-5 (LM-5) with 'Obverse 3' and 'Reverse C', it becomes the 12th-known die marriage in the series (1800-1803, 1805) and the first new die marriage discovered in almost 30 years. It also represents the only unique coin by die marriage within the entire Bust Half Dime series, surpassing in rarity the 1800 LM-4 (two to three known); the 1801 LM-1 (five known, most with problems); the 1833 LM-5 (seven known); and even the famous 1802 (35-40 known), which shares the same reverse!

Prior to this discovery, the workhorse Reverse C was known in the 1801 LM-1, LM-2, 1802 LM-1, 1803 LM-1 and LM-2 pairings, but not with an 1800-dated obverse. Given that the reverse is in its early state in this pairing, before formation of a border break above the letter E in UNITED, Dominguez and Van Orden conclude that "the 1800 LM-5 demonstrates...a natural progression wherein 'Reverse B' likely failed late in 1800 and was replaced with 'Reverse C' to strike additional 1800-dated coins before going on to strike the first 1801 Half Dimes." Since the variety eluded researchers for more than two centuries, it is likely that very few coins were struck from the 1800 LM-5 pairing.

Original warm, even steel-gray patina is pleasing. The coin is well worn with many design elements lost to circulation, but key features remain to confirm both Obverse 3 and Reverse C. On the obverse, all four digits in the date are discernible with patience, the final 0 clearest, and its wide spacing relative to the first 0 confirms Obverse 3. Approximately 50% of Liberty's portrait is outlined, and most of the stars along the right border are discernible. The reverse shows somewhat more detail overall, the positioning of the nearest leaves to the letters IC in AMERICA discernible to confirm the Reverse C attribution. The PCGS qualifier concerns an irregular, ragged hole through the obverse at the top of Liberty's head, reverse in the area of the lower right corner of the shield. Inspection with a loupe reveals myriad marks and faint pin scratches that are not out of place on an early U.S. Mint silver coin that saw this extensive circulation.

While far from a perfect coin, this fact should be of little concern to early Half Dime variety specialists. The collector seeking to complete a die variety set of Half Dimes, 1792 to 1837, simply must acquire this coin. Its unique status guarantees that only a single complete die variety set of this series can exist at a time. The strongest bids are urged, for once this piece sells, it could be decades before another collector has the opportunity to acquire the unique 1800 LM-5 Half Dime.


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i think its a really nice description with one exception. they didnt mention me as the discoverer of the coin despite that being a specific request of mine when the item was consigned. I guess I should have made that a requirement of the contract rather than depending on a verbal agreement.
Edited by CarrsCoins
02/19/2023 1:04 pm
Pillar of the Community
United States
4680 Posts
 Posted 02/19/2023  8:28 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list
Keeping an eye on this one, curious how it ends. Best of luck!

Did you try contacting them about having your name added? Seems like it would be pretty easy to edit the description on their end, no?
Pillar of the Community
United States
3848 Posts
 Posted 02/20/2023  12:56 am  Show Profile   Bookmark this reply Add jacrispies to your friends list
Perhaps it was a simple mistake. You definitely should try to get in contact with them so they can add you name.

Anyway, it is fantastic description. The photos don't do much for the coin (because of the damage) but the description fires it back up. Makes me want to buy this coin!

Any guesses of the final hammer price?
Suffering from bust half fever.
Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955
Shoot me a PM if you are looking to sell bust halves.
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United States
188952 Posts
 Posted 02/20/2023  10:35 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
the auction is live now. the lot can be seen here...
Good luck!

Quote:
i think its a really nice description with one exception. they didnt mention me as the discoverer of the coin despite that being a specific request of mine when the item was consigned. I guess I should have made that a requirement of the contract rather than depending on a verbal agreement.
That is a bummer.

We just need to make sure whoever buys it is made aware of this topic!
Bedrock of the Community
United States
11896 Posts
 Posted 02/20/2023  11:25 am  Show Profile   Bookmark this reply Add numismatic student to your friends list
Congratulations on getting the listing up for sale. Hope it surpasses the million dollar mark!
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Valued Member
United States
90 Posts
 Posted 02/20/2023  11:41 am  Show Profile   Bookmark this reply Add bikergeek to your friends list
I saw it was at $140 for a few days so I bid $160. I was promptly relegated to the dung heap as an auto-bid set it to $180.

Later I will be heard saying, "I bid on an R-8 Half Dime... didn't win, though..."
Bedrock of the Community
United States
11896 Posts
 Posted 02/20/2023  12:05 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list
If unique is R8 what's R9 or R10?
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS
THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: "It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
My coin website:https://fairfaxcoins.com
Valued Member
United States
90 Posts
 Posted 02/20/2023  12:11 pm  Show Profile   Bookmark this reply Add bikergeek to your friends list
@numismatic student:
r9 = pi
r10 = infinity

Actually, it's a great question. Some scales use R9 as unique. I just happen to live in a world where R8 = 1 to 3 specimens. (I think I chose to live in that world - other worlds are equally awesome, and all theoretical, since I don't own any unique coins.)
https://www.PCGS.com/books/silver-d...C%20or%203).
Valued Member
United States
202 Posts
 Posted 02/21/2023  08:23 am  Show Profile   Bookmark this reply Add apcol258 to your friends list
What a great story. Sometimes the best cherrypicks are the ones that end up being something different than what you initially thought they were.

The research and dedication you put into getting this new marriage acknowledged is a great service to the numismatic community.

Good luck on the auction. I will be hoping for a high result for you.
New Member
United States
1 Posts
 Posted 03/23/2023  4:18 pm  Show Profile   Bookmark this reply Add evergreen1988 to your friends list

Quote:
We just need to make sure whoever buys it is made aware of this topic!


As the buyer, I am aware!

Thanks for the great pick, looking forward to getting the coin.
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United States
188952 Posts
 Posted 03/23/2023  4:54 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
to the Community, evergreen1988, and congratulations the purchase!
Valued Member
United States
90 Posts
 Posted 03/23/2023  5:08 pm  Show Profile   Bookmark this reply Add bikergeek to your friends list
Congrats, evergreen1988! Pretty cool first post.
Pillar of the Community
United States
3848 Posts
 Posted 03/23/2023  7:12 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list
Cool indeed, what a surprise! Congrats on the unique purchase!
Suffering from bust half fever.
Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955
Shoot me a PM if you are looking to sell bust halves.
Pillar of the Community
United States
4680 Posts
 Posted 03/23/2023  10:31 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list
Congrats to Carrs and Evergreen! Had this auction open in a window on my phone since it was listed. Kept and eye on it, over my budget, but nice to see it went to someone who knows the story.
Pillar of the Community
United States
756 Posts
 Posted 03/30/2023  2:49 pm  Show Profile   Bookmark this reply Add CarrsCoins to your friends list
thanks everyone! it was a fun coin to own. congrats evergreen! I sent you a message.

not sure what ill do with the money. probably something fun with my gf.
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