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First Year U.S. Dime Closes Today
October 02, 2007



Draped Bust Dime at Heritage

Here's a coin with good appreciation potential, a lovely toned 1796 U.S. Dime graded MS-66 by NGC. Check out the track record on this grade, type and date through Heritage auctions from 1994 to early 2007.

The mintages of all early date Draped Bust Dimes are very low and demand is always good for quality examples. This is the right combination to keep prices on a continual upward trend.

Bidding for this coin closes at 10pm central time tomorrow, October 2nd. There is a sellers reserve of $62,500, which equates roughly to the retail price of an MS-65 coin.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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