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

1840 10C Drapery (Regular Strike)

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PCGS MS64

PCGS MS63
PCGS #:
4578
Diameter:
17.90 millimeters
Designer:
Robert Ball Hughes/Christian Gobrecht
Weight:
2.67 grams
Edge:
Reeded
Mintage:
377,500
Metal Content:
90% Silver, 10% Copper
Auction Record:
$38,188 • NGC MS64+* • 11-15-2013 • Heritage
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Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 200 R-7.0 1 / 34 TIE 5 / 122 TIE
60 or Better 10 R-9.5 6 / 34 TIE 13 / 122 TIE
65 or Better 1 R-10.0 1 / 34 TIE 1 / 122 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade  
1 MS65 estimated grade  
3 MS64 PCGS grade
4 MS63 PCGS grade
4 MS63 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade  
1 MS65 estimated grade  
3 MS64 PCGS grade
4 MS63 PCGS grade
4 MS63 PCGS grade  
4 MS63 PCGS grade  
4 MS63 estimated grade  

"Colonel" E.H.R. Green Collection - Partnership of Eric P. Newman & Burdette G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $5 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33321, $38,187.50 - Eugene H. Gardner Collection - Heritage 5/2015:98222, $27,025

8 MS62 PCGS grade  

Ron Guth: 1840 was a transitional year 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 With Drapery type is approximately three times as rare as the No Drapery type and it is particularly rare in Mint State.  The few Mint State examples certified by PCGS fall in the MS62 to MS65 grade range.  The best example is the Gem Uncirculated Eliasberg coin; the most valuable in terms of auction appearances is the NGC MS64+* Newman example that sold in 2013 for $38,187.50.