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Won in a GC auction last night against a worthy underbidder who recognized the rarity of this die remarriage, the 1832 LM-10.3, R-6, estimated 13-30 known examples. Not in hand yet so here are GC and PCGS photos.

This is the seventh use of Reverse U. By the ninth and final use of this reverse die with 1832 LM-10.4, the die crack from rim through A2 to scroll would develop into a huge cud across TES OF A.

Here's the emission order using this Reverse U. Note how it was used across coin date years 1832 and 1833 and not sequentially, underscoring how the mint is those days was not very scrupulous about striking coins in the year they were dated.

1832 LM-10.1
1833 LM-4.1
1832 LM-10.2
1832 LM-11.1
1833 LM-4.2
1832 LM-11.2
1832 LM-10.3
1833 LM-4.3
1832 LM-10.4

 

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About that 1832 LM-10.3 half dime in my previous post and referring to a different post that was about how to know and value coins with adjudged rarities.

I had suggested to the OP in that post that sometimes you have to take a deep dive into the series in order to find out what the rarity and value of these coins are.

https://www.cointalk.com/threads/question-on-survival-estimates-and-those-r-numbers.421260/

If one had just looked up the value of a generic 1832 VF-20 half dime in the price guides you would have gotten:

PCGS $150
Greysheet $111
Red Book Quarterly $145

This coin hammered to me in the GC auction for $536 which was, in my judgement, about the right price in a market with informed buyers. What's the cause of this apparent value difference? It's the difference between a common coin (R-1) and a truly rare coin (R-6, 13-30 known). The only thing that kept this coin's price down was two factors: The first is that the Capped Bust half dime collector community is not very large and the second is that many collectors of this series, especially the Registry Set collectors, prefer a higher-grade specimen.

Now, since GC unlike Stacks and Heritage, does not provide any information on the specific coin at auction, it is solely up to the buyer to know what's on offer which provides opportunities for buyers and a problem for sellers of rare and esoteric issues.

Sorry about the long post - just dumping several thoughts that have been accumulating for a while.