Only the second known example of the JR-7 variety of 1796 Draped Bust, Small Eagle dime has been authenticated and graded by Numismatic Guaranty Corp.
Original images courtesy of Numismatic Guaranty Corp. Numismatic Guaranty Corp. has authenticated only the second known example of the JR-7 1796 Draped Bust, Small Eagle dime.
The new find, from a decades-old private collection, is graded and encapsulated by NGC as Very Good 8. Bust coin researcher and author Winston Zack values this second known piece at between $20,000 and $40,000.
A previously unique example, discovered in 2002 by numismatist Brian Greer, was encapsulated as Fair Details, Obverse Graffiti, Improperly Cleaned, by NGC's affiliate, Numismatic Conservation Services. The discovery piece realized $11,500 in an August 2008 sale by Heritage Auctions.
The newly authenticated find, authenticated and attributed by NGC, was submitted by Ron Drzewucki Sr. from R and D Enterprises in Florissant, Mo., according to grading service officials. NGC officials said Drzewucki indicated the JR-7 1796 Draped Bust dime was part of an old collection that has been off the market for nearly six decades.
