The 1849 Liberty Seated Dime Proof is a key piece in the history of U.S. coinage, offering a glimpse into the minting practices of the mid-19th century. As one of the earliest proof coins produced by the U.S. Mint, the 1849 Liberty Seated Dime is a rare and highly sought-after collectible for numismatists and coin enthusiasts. Its historical significance, striking design, and rarity make it a coveted treasure among collectors of American silver coins.
Background and History
The Liberty Seated Dime was introduced in 1837 as part of a series of coins designed by Christian Gobrecht. The series replaced the earlier Capped Bust dimes, marking a shift in the style of American coinage. The 1849 Liberty Seated Dime was struck during a time when the U.S. Mint was transitioning into higher production levels and improving its methods of coinage.
Design Features
The 1849 Liberty Seated Dime follows the typical design of the Liberty Seated series, with two key elements standing out:
- Obverse Design: The obverse of the coin features Lady Liberty, seated on a rock, draped in a gown and holding a shield inscribed with the word “LIBERTY” in her left hand. In her right hand, she holds a pole topped with a Phrygian cap, a symbol of freedom. The design is encircled by 13 stars, representing the original colonies, with the date “1849” inscribed below. The inscription “LIBERTY” appears on the shield, reinforcing the theme of American freedom.
- Reverse Design: The reverse displays a classic eagle with outstretched wings, holding an olive branch and arrows, symbolizing peace and military readiness. The reverse is inscribed with “UNITED STATES OF AMERICA” around the eagle and “ONE DIME” below, denoting the denomination.
- Proof Finish: The 1849 Liberty Seated Dime Proof features the mirror-like surfaces and frosted design that are characteristic of proof coins. The highly polished die strikes result in a coin with sharp details and an almost glass-like quality, making it stand out from the typical circulation strike.
Mintage and Rarity
The mintage for the 1849 Liberty Seated Dime Proof was extremely limited, with only about 600 coins produced. These coins were primarily struck for presentation purposes, intended for collectors and special individuals, which means they were never circulated and remained in pristine condition.
Value and Collecting Tips
The value of the 1849 Liberty Seated Dime varies greatly depending on its condition and certification:
- Good (G-4) to Fine (F-12): Low-grade examples of the coin typically range from $5,000 to $10,000, though the value can fluctuate based on market conditions and the coin’s overall quality.
- Extremely Fine (EF-40) to About Uncirculated (AU-50): Higher-quality examples in EF or AU condition can fetch prices in the range of $15,000 to $25,000.
- Proof (PR-60 to PR-70): Coins in Proof condition, particularly those graded by professional grading services like PCGS or NGC, can command prices starting at $30,000 and can go up significantly for higher grades, potentially exceeding $50,000 for pristine examples.
Conclusion
The 1849 Liberty Seated Dime Proof is a historical treasure in the world of coin collecting. Its rarity, striking design, and place in the evolution of U.S. Mint production make it a standout piece for collectors. As one of the earliest proof dimes ever minted, this coin represents a key moment in American numismatic history. Whether you’re an experienced collector or a newcomer to the hobby, the 1849 Liberty Seated Dime is a must-have for anyone looking to own a piece of U.S. coinage history.
FAQs
1. What makes the 1849 Liberty Seated Dime Proof so rare?
The 1849 Liberty Seated Dime Proof is rare due to its limited mintage of only about 600 coins, making it a highly sought-after item among collectors. Its status as one of the first proof dimes adds to its historical significance.
2. How much is the 1849 Liberty Seated Dime Proof worth?
The value of the 1849 Liberty Seated Dime Proof depends on its condition. Prices typically range from $5,000 to $10,000 for low-grade examples and can exceed $50,000 for coins in perfect proof condition.
3. Where can I find an 1849 Liberty Seated Dime Proof for sale?
You can find the 1849 Liberty Seated Dime Proof for sale through reputable auction houses, coin dealers, and online marketplaces specializing in rare and historical coins. Be sure to purchase from trusted sources to ensure authenticity.