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SERIES: Liberty Seated Dimes 1837-1891
LEVEL: Year, MintMark, & Major Variety

1840 10C No Drapery (Regular Strike)

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PCGS MS66

PCGS MS65+

PCGS MS64
PCGS #:
4573
Diameter:
17.90 millimeters
Designer:
Thomas Sully/Christian Gobrecht
Weight:
2.67 grams
Edge:
Reeded
Mintage:
981,500
Metal Content:
90% Silver, 10% Copper
Auction Record:
$14,950 • PCGS MS67 • 11-16-2012 • Stack's/Bowers
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Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 700 R-5.6 5 / 7 68 / 122 TIE
60 or Better 90 R-8.1 4 / 7 69 / 122
65 or Better 14 R-9.4 5 / 7 66 / 122
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade  

Stack's/Bowers 11/2012:3075, $14,950

1 MS67 PCGS grade  

Heritage 10/2001:5935 - Eugene H. Gardner Collection - Heritage 6/2014:30245, $11,162.50

1 MS67 estimated grade  

Heritage 10/2006:697, $10,925

4 MS66 PCGS grade

Heritage 7/2012:3385, $6,900

5 MS66 PCGS grade  

Heritage 4/2013:1725, $7,931.25

Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade  

Stack's/Bowers 11/2012:3075, $14,950

1 MS67 PCGS grade  

Heritage 10/2001:5935 - Eugene H. Gardner Collection - Heritage 6/2014:30245, $11,162.50

1 MS67 estimated grade  

Heritage 10/2006:697, $10,925

4 MS66 PCGS grade

Heritage 7/2012:3385, $6,900

5 MS66 PCGS grade  

Heritage 4/2013:1725, $7,931.25

5 MS66 PCGS grade  
5 MS66 PCGS grade  
5 MS66 PCGS grade  
5 MS66 PCGS grade  
10 MS65+ PCGS grade

Ron Guth: 1840 was another one of those transitional years in the Seated Liberty Dime series.  Early editions of the Dime were of the "No Drapery" type; later in the year, the design of Liberty was modified in both subtle and not-so-subtle ways.  The most obvious change was in the angle of the shield: on the No Drapery types, the shield is angled to the left; on the With Drapery types, the shield is perfectly vertical.  More subtle changes included a reshaping of the rock on the left side of the coin and the addition of extra folds of drapery beneath Liberty's left elbow (the viewer's right).  

The No Drapery type is approximately three times less common than the With Drapery type.  The No Drapery version is scarce in Mint State, but not enough to be called rare.  Most Mint State examples fall in the MS63 to MS64 grade range.  Gems are rare, with MS67 the highest grade at PCGS and MS68 the highest at NGC.