Rare Dime on Market|
May 08, 2013
This article was originally printed in Numismatic News.
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If you couldn’t quite stretch your coin buying budget to grab the 1913 Liberty Head nickel for $3,172,500 at the April 25 Heritage auction, but still have a hankering to own a famous rarity, John Feigenbaum, president of David Lawrence Rare Coins has an 1894-S dime on the market.
He is asking $2.5 million.
The coin is graded Proof-64 by the Professional Coin Grading Service. It also has a Certified Acceptance Corporation sticker attesting to its quality and eye appeal.
Feigenbaum announced April 29 that he had acquired it.
“It feels really amazing. I love this coin so much. I’ve been chasing it for over 10 years now, and it’s really exciting to own it,” he said.
The coin is the Daggett-Parker-Brown specimen and is one of 10 surviving examples of a 24-piece mintage.
Feigenbaum said the dime “is one of the most significant rarities in the catalog of U.S. coins. It is also of the few major rarities whose manufacture was properly recorded in Mint records.”
He said it is one of the top three or four in terms of condition.
“In my opinion, it is the prettiest known example. Period. It’s just gorgeous.” Even more exciting, its pedigree can be traced back to the San Francisco Mint Superintendent John Daggett’s daughter, Hallie.
Hallie was famous for keeping several examples that she got from her father, but spending one to buy an ice cream.
“I believe the rarity and desirability of the 1894-S dime to be of similar caliber to the 1804 dollar and 1913 Liberty nickel,” said John Albanese, CAC president. “It’s a great coin with a great story.”
This is the third 1894-S dime handled by Feigenbaum and his firm.
“We last sold the finest known 1894-S dime, the James Stack coin (PCGS Proof -66) in July 2007 for $1.9 million by private treaty to John Albanese of CAC. That coin has not changed hands since.”
Feigenbaum also sold the Daggett-Lawrence specimen (Lawrence-5), now graded Numismatic Guaranty Corporation Proof-66, in 2002 by private treaty. That coin sold again at Heritage Auctions in January 2005 for $1,035,000 to Laura Sperber of Legend Numismatics, and currently resides in a top collection of U.S. coins.
Serious potential buyers are invited to call Feigenbaum at (757) 962-7468.
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