Lot 1670
1870 Pattern Dime. Silver, Plain Edge. Judd-844. Pollock-943 Low Rarity 6. PCGS graded Proof 63. A nice white coin, boldly struck and gleaming. Part of the Standard Silver series of Pattern coins. The theory behind this petite STANDARD SILVER type was to introduce subsidiary coins into circulation. In effect, it was hoped underweight money could be used to replace the hodgepodge of Fractional Currency then clogging the streams of trade. Why reduce the weight? The belief was this would discourage hoarding and exportation as was occurring with America's regular issues then being struck. This theory never made it into practice; by 1878, gold had returned to par against paper money and small change once again streamed into the country as the squeeze abated and worldwide silver prices began a long decline.Pop 7; 8 finer, 4 in 64, 4 in 65 (PCGS # 61088) .
Estimated Value $1,000 - 1,100.
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| Realized $1,121 |
