As was the case with the Half Dime, the Seated
Liberty theme was introduced on the United States
dime in 1837. The Seated Liberty Dime was minted every year until 1891.
The Capped Bust design that preceded the Seated
Liberty did not use the word
"DIME", rather the inscription "10C.", to designate its face value. By
1837, the word was so thoroughly entrenched in American lexicon that
everyone understood how much a dime was worth. It may seem
insignificant to us today, but this was a recognition of those living
at that time of the continued maturation of the United States and its
culture.
![]() While This Coin Was Minted...In the 1830's, President Andrew Jackson strove to put an end
to the 2nd Bank of the U.S., pressuring credit markets to collapse and
inadvertently brought on hard financial times. Matters worsened in
1836, when Jackson issued the "Specie Circular", which required
payment in gold and silver coinage in exchange for federal land,
triggering the Panic of 1837. During those economically depressed
years, coins largely disappeared from circulation. A large number of
privately issued pieces, called "Hard Times" tokens, appeared in
response. Above is one of these tokens, called the Feuchtwanger cent,
named after the inventor of the "German silver" alloy used in the
token, Lewis Feuchtwanger. His alloy actually contained no silver, and
at one time was considered for regular US coinage, but was ultimately
rejected. There are a few challenging dates in the Seated
Liberty Dime series. The rarest of all is the 1873-CC with no arrows. The only
known example of
this famous date resided in the U.S. government coin collection until
1914, when it entered the private sector, and was sold the following
year for $170. In 1950, collector extraordinaire Louis Eliasburg
purchased the coin for $4000, making it the final entry necessary to
complete his entire collection of United States coins, the only such
set ever assembled. The 1873-CC no arrows Seated Liberty Dime was last
sold in 2004 for $891,250. The links below will take you to eBay coin auctions for the Seated Liberty Dime key dates of 1871-CC and 1874-CC. Because of their scarcity, you may not find an example for sale every time you check. The 1872-CC and 1873-CC are close cousins of the above and possess similar potential. The left hand side of each "Sales Box" is value trend data over a very long period of time for the date headlined, in G-4 condition. The percent annual increase is computed for comparative purposes. The coin pictured for sale in the right hand side (if any) is not necessarily an example in G-4 condition.
Return to our U.S. Coin Types Menu |
New! Comments
Have your say about what you just read! Leave me a comment in the box below.