Photo Denom Date Grade TPG Variety GFRC Rating Price Description Buy
Seated 10C 1853 Seated 10C 1853
No Arrows 		MS66
 PCGS OGH
9714907 		F-101a
 Gem SOLD
$8528 		Gem Original, Gerry Fortin Collection.. As the gold: silver ratio became imbalanced due to newly discovered California gold deposits, the price of silver bullion rose above face value for half dimes through half dollars. Silver arbitrage resulted in a silver weight reduction for those denominations. Early in 1853, the Philadelphia Mint produced 95,000 dimes under the old weight standard of 2.67 grams. Afterwards, the weight of the dime was reduced to 2.49 grams with arrows added to the date for differentiating the lighter planchet. Two pairs of dies were employed for the No Arrows dimes at the old standard. With a growing collector base on the East coast, enough were saved leading to today's availability at the Gem level. This specimen exhibits brilliant, frosted luster and pristine surfaces overlaid with a uniform gold patina. One can only marvel at the preservation that enables outstanding eye appeal. A fully executed strike is equally impressive. F-101a, a Top 100 Variety, with bold clashing only on the obverse die. Die defects are noted on both E's in the denomination. 38 examples are reported in the CAC census with three finer. Fair value is listed at $6,750 in the CAC price guide. Housed in PCGS Gen 3.1 (1993-1998) holder with CAC approval. Ex. Newtown Collection. PCGS #4599. December 1969