Collectors worldwide are often excited by rare coins, especially those with unique errors. One such coin, an 1807 Draped Bust Dime, recently sold for $25,200 due to a special “curved clip” on its edge. This error has made it highly valuable, adding to its historical significance. Let’s dive into what makes this coin so special, why it’s so valuable, and how to recognize coins with similar rare features.
What Is a “Curved Clip” Error?
A “curved clip” error occurs during the coin-making process when the metal blank, called a planchet, is missing a piece due to an incomplete cut. This results in a visible, curved gap on the coin’s edge. Collectors love these errors because they are rare, visually striking, and add uniqueness to the coin’s design.
Key Details of the 1807 Draped Bust Dime with Curved Clip Error
| Feature | Description |
|---|---|
| Coin Type | 1807 Draped Bust Dime |
| Unique Error | Curved clip on the coin’s edge |
| Condition | MS66 (Mint State 66) |
| Visual Qualities | Frosty silver luster, ivory-toned surfaces |
| Auction Price | $25,200 |
| Grading Organization | Professional Coin Grading Service (PCGS) |
| Historical Designer | Robert Scot |
Unique Details of the 1807 Draped Bust Dime
This particular 1807 Draped Bust Dime has a curved clip at the two o’clock position on the obverse side. The error affects two stars on the coin’s front, which draws attention to the flawed yet beautiful design. When the coin was minted, this missing piece caused uneven pressure, resulting in sharp details on the right side of the coin and softer details on the left.
Why Does This Error Matter?
- Rarity: Curved clips are uncommon, especially on coins as old as this 1807 dime, which adds to their value.
- Visual Appeal: The uneven details make the coin visually interesting and desirable among collectors.
- Historical Interest: Since the Draped Bust Dime was only made between 1796 and 1807, these coins are already rare. The curved clip error further enhances their value.
Coin Condition and Auction Value
This coin was graded as MS66 by the Professional Coin Grading Service (PCGS), meaning it’s in near-perfect mint condition. In addition to the curved clip, it also has frosty silver luster and a slight ivory tone, which makes it even more attractive. Only five Draped Bust Dimes from 1807 are known to exist in this high-grade condition, which greatly influenced its auction price of $25,200.
Historical Background of the Draped Bust Dime
The 1807 Draped Bust Dime was designed by Robert Scot and minted between 1796 and 1807. This series of dimes is known for its iconic design, featuring Liberty on the front and an eagle on the reverse. Coins from this era were minted in limited quantities, making them rare today. Among all Draped Bust Dimes, those with errors, like the curved clip, are even rarer and highly valued.
Conclusion
The 1807 Draped Bust Dime with the curved clip is a great example of how a simple error can turn a coin into a prized collector’s item. Due to its rare error, high-quality condition, and unique history, this dime sold for over $25,000 at auction. Coin collectors continue to seek out similar coins, hoping to find pieces with these rare imperfections.
FAQ’s
What is a curved clip on a coin?
A curved clip is an error that occurs when part of the coin’s metal blank is missing, resulting in a curved cut on the edge.
How much did the 1807 Draped Bust Dime with a curved clip sell for?
The coin sold for $25,200 at auction due to its rare error and excellent condition.
Why is the curved clip error so valuable?
Curved clips are rare, especially on coins from the 1800s. This uniqueness, combined with the coin’s condition, makes it highly valuable.