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DIME 1837-1838 Liberty Seated, No Stars

Description

The first Liberty Seated dime variety is also the first Dime produced with a true 90% silver versus 10% copper proportion. It is without obverse stars and closely parallels the half dime of the same era. Its mintage was also similar as pieces were struck only at the Philadelphia Mint in 1837 and only at the New Orleans Mint in 1838. Some 682,500 were struck at the former facility and 408,034 at the latter. The device consists of Miss Liberty seated on a rock, holding in her left hand a liberty cap on a pole, and holding a shield with her right. The date is below. The reverse displays an open wreath enclosing ONE DIME, with UNITED STATES OF AMERICA surrounding As attractive as this cameo-like motif is to collectors today, Mint officials did not consider it to be desirable, and it was discontinued shortly thereafter.

The type set enthusiast will find that examples of either issue are readily available in grades from Good through Very Fine or so, with the 1838-0 being a bit more expensive. Extremely Fine and AU coins are also encountered with regularity, less so for 1838-0

Valuation

Uncirculated pieces, when found, are nearly always dated 1837 Those dated 1838-0 are great rarities. Superb Uncirculated coins are quite elusive.
COIN NAME
DIME 1837-1838 Liberty Seated, No Stars
DESIGNED BY
Christian Gobrecht
ISSUE DATE
1837 (Philadelphia) 1838-0 (New Orleans)
COMPOSITION
0.900 part silver, 0.100 part copper
DIAMETER
17.9 mm
WEIGHT
41.25 grains
EDGE
Reeded
BUS MINT
1,088,534
PROOF MINT
Fewer than 50 pieces

The statements made on this website are opinions only. Past results are no guarantee of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Lear is a retail seller of precious metals and its buyback (or bid) prices are lower than its sell (or ask) prices. Metals must appreciate enough to account for this difference in order for customer to make a profit when liquidating the metals. Lear does not provide financial advice or retirement planning services. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.