The 1829 Capped Bust Dime, particularly the “Curl Base 2” variety, stands as a numismatic gem, captivating collectors with its rarity and historical significance. This coin’s exceptional value, reaching up to $150,000, stems from its unique design features, limited mintage, and the rich history it represents.
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Historical Context of the 1829 Capped Bust Dime
The Capped Bust Dime series, minted from 1809 to 1837, reflects a transformative era in American coinage. Designed by John Reich, these dimes feature Liberty donning a cap, symbolizing freedom, with the reverse showcasing an eagle clutching arrows and an olive branch, denoting strength and peace. The 1829 edition is particularly notable for introducing a smaller diameter and a reeded edge, enhancing both its aesthetic appeal and security against counterfeiting.
The “Curl Base 2” Variety: A Numismatic Rarity
Among the 1829 dimes, the “Curl Base 2” variety, identified as JR-10, is exceptionally rare. Discovered in the 1980s, this variety features a distinct curled base on the numeral “2” in the date, diverging from the standard square base seen in other 1829 dimes. This subtle difference has elevated the “Curl Base 2” to a coveted status among collectors.
Factors Contributing to Its High Value
- Rarity: The “Curl Base 2” variety is exceedingly scarce, with only a handful of specimens known to exist. This rarity significantly amplifies its desirability and market value.
- Condition: The coin’s state of preservation critically influences its worth. Coins in higher grades, exhibiting minimal wear, command premium prices. For instance, an 1829 “Curl Base 2” dime graded PCGS VF35 sold for $25,850 at auction in 2017.
- Historical Significance: As a representation of early 19th-century American coinage, this dime offers a tangible connection to the nation’s formative years, enhancing its appeal to both collectors and historians.
Market Valuation
The value of the 1829 Capped Bust Dime varies based on its condition and specific variety. Below is a table summarizing the estimated values for different grades:
| Grade | Estimated Value ($) |
|---|---|
| Good (G-4) | 6,051 |
| Very Good (VG-8) | 9,685 |
| Fine (F-12) | 21,160 |
| Very Fine (VF-20) | 29,899 |
| Extremely Fine (EF-40) | 48,314 |
| About Uncirculated (AU-50) | 52,575 |
Note: These values are approximate and can fluctuate based on market demand and the coin’s provenance.
Collecting the 1829 Capped Bust Dime
For enthusiasts aiming to acquire this coin, consider the following:
- Authentication: Due to its rarity, ensure the coin is certified by reputable grading services to confirm its authenticity and condition.
- Market Research: Stay informed about recent auction results and market trends to make educated purchasing decisions.
- Provenance: A well-documented ownership history can enhance the coin’s value and desirability.
The 1829 Capped Bust Dime, especially the “Curl Base 2” variety, epitomizes a blend of rarity, historical depth, and numismatic artistry. Its substantial market value reflects the profound appreciation collectors have for such exceptional pieces of American coinage history.
FAQs
What distinguishes the “Curl Base 2” variety from other 1829 dimes?
The “Curl Base 2” variety features a curled base on the numeral “2” in the date, unlike the standard square base found on other 1829 dimes.
How many “Curl Base 2” dimes are known to exist?
Only a few specimens of the “Curl Base 2” variety are known, contributing to its high rarity and value.
What factors most influence the value of the 1829 Capped Bust Dime?
The coin’s rarity, condition (grade), historical significance, and specific variety (such as the “Curl Base 2”) are primary determinants of its value.
