1837 Capped Bust Dime. JR-4. Rarity-1. MS-64 (PCGS).The 1837 Capped Bust dime is an underrated, low mintage issue. Both sides of this Gem exhibit warm golden-brown toning evenly spread from edge to edge. The strike is razor sharp from the rims to the centers. The year 1837 is a transitional one in the dime series, with the Philadelphia Mint striking 359,500 examples of the Capped Bust type followed by 682,500 examples of the new Liberty Seated type. The 1837 has the lowest mintage among all Capped Bust issues of the Modified Design type (1828 to 1837), and Mint State survivors are particularly scarce. The coin offered here ranks among the finer certified for the issue, and it would do equally well in a final year type set or high quality early dime collection.<p>Of the four known die marriages of this issue JR-4 is the easiest to attribute. It is the only variety of the issue with a Fancy 8 in the date, and it shares its reverse die with the JR-3 Block 8 variety. All known examples of JR-4 exhibit a prominent bisecting obverse die crack from 5 oclock to 12 oclock. Unless a perfect die state example is located, it is likely that this obverse die cracked during the production process and was only pressed into service as an expedient until the new Liberty Seated dies were ready for coinage.
