Capped Bust Dime Value Guide (1809–1837)
Complete Capped Bust Dime values 1809-1837. Find your coin's worth by year, variety, and condition. Key date 1822, overdates, rare varieties explained.
Capped Bust Dime values range from $35 (common late dates) to over $149,500 for the rarest specimens.
- 1822 (Key Date): $1,200–$95,000 depending on grade
- Early Dates (1809-1827): $40–$45,000 based on scarcity
- Common Dates (1828-1837): $35–$6,500 in typical grades
- Rare Varieties: 1829 Curl Base 2 ($3,500+), 1827 Flat Top 1 ($230+)
Value depends on year, variety, condition, and strike quality. Silver content (0.0775 oz) provides a melt value floor.
Capped Bust Dime Value Tool
Answer a few quick questions to estimate your coin's value
Values are estimates based on recent auction results and retail data as of 2026-01.
Early U.S. coinage values vary significantly based on strike quality, die variety, toning, and eye appeal.
Capped Bust Dimes often exhibit weak strikes, especially on pre-1828 Open Collar issues — this is normal and should not be confused with wear.
Professional grading and authentication is strongly recommended for coins valued over $500 and mandatory for key dates like the 1822.
Holed, plugged, or cleaned coins typically trade at 10–20% of the values shown for problem-free examples.
The Capped Bust Dime series, struck from 1809 to 1837, represents a cornerstone of early American numismatics and serves as a bridge between the hand-crafted artisan nature of the First United States Mint and the mechanized standardization that would follow in the Liberty Seated era. Designed by John Reich, this series features Liberty wearing a soft cap with "LIBERTY" inscribed on a headband, facing left, with an eagle on the reverse.
For collectors and investors, the series offers a complex landscape of approachable type coins, challenging die varieties, and legendary key dates. The series is technically divided into two major sub-types based on diameter and edge technology: the Open Collar issues (1809-1828) featuring large dentils and hand-applied reeded edges, and the Close Collar issues (1828-1837) with small beads and machine-applied reeded edges. This technological transition in 1828 makes that year particularly significant for variety collectors.
Production was intermittent, with notable gap years including 1810, 1812-1819, and 1826. The 1822 dime stands as the undisputed key date of the series, with only approximately 300 survivors from a mintage of 100,000—a mystery that has puzzled numismatists for generations.
Capped Bust Dime Identification Guide
Identifying your Capped Bust Dime and determining its sub-type is the critical first step in valuation. All coins in this series were struck at the Philadelphia Mint and bear no mint mark.
Open Collar vs. Close Collar Identification
The most important distinction in the series is between the two collar types, which changed during 1828:
Edge: Reeded, but often uneven (applied by separate Castaing machine)
Border: Large, tooth-like dentils (denticles)
Characteristics: More variation in strike quality; weak centers common
Edge: Uniformly reeded (applied simultaneously during striking)
Border: Small beads or wire rim
Characteristics: More consistent strikes; sharper overall details
Side-by-side comparison of Open Collar (1820) and Close Collar (1835) dimes showing diameter, edge, and border differences
Key Design Elements
- Obverse: Liberty facing left with soft cap and "LIBERTY" on headband. Date below bust. Thirteen stars surround (seven left, six right).
- Reverse: Heraldic eagle with shield on breast, olive branch in right talon, arrows in left. "UNITED STATES OF AMERICA" around border. Denomination "10 C." below eagle.
- Edge: Reeded (vertical lines). Note: The uneven edge on Open Collar issues is not damage—it's a manufacturing characteristic.
For detailed information about collar technology and its impact on early U.S. coinage, see CoinWeek's comprehensive guide to edge collars.
Annotated diagram showing key design elements: Liberty's cap, stars, date, eagle's shield, denomination
Capped Bust Dime Value Chart (1809-1837)
This comprehensive value chart includes every year from 1809 to 1837, including gap years when no dimes were minted and major Red Book varieties. Values reflect market prices for problem-free coins as of early 2026. Click any year to see detailed information and images for that specific date.
Grading Key: G4-VF20 (Good to Very Fine) = readable date, visible LIBERTY | XF40-AU58 (Extremely Fine to About Uncirculated) = sharp details, trace wear | MS60-MS65 (Mint State) = no wear, full luster
| Year | Variety/Type | Mintage | Circ G4-VF20 | Circ XF40-AU58 | Unc MS60-MS65 | Notes |
|---|---|---|---|---|---|---|
| 1809 | First Year of Issue | 51,065 | $160–$480 | $1,200–$5,500 | $8,000–$45,000 | Scarce. Weak centers common. First year appeal. |
| 1810 | GAP YEAR | — | — | — | — | No dimes minted |
| 1811 | 1811/09 Overdate | 65,180 | $350–$1,400 | $2,000–$4,200 | $9,000–$32,000 | All 1811s are overdates (JR-1) |
| 1812 | GAP YEAR | — | — | — | — | War of 1812 disruption |
| 1813 | GAP YEAR | — | — | — | — | No dimes minted |
| 1814 | Large Date | 421,500 (Total) | $45–$220 | $675–$1,600 | $2,600–$13,000 | '1' touches bust; '4' is plain |
| 1814 | Small Date | (Inc. above) | $60–$420 | $850–$2,400 | $6,100–$20,000 | Smaller numerals; scarcer |
| 1814 | STATESOFAMERICA | (Inc. above) | $320–$650 | $1,400–$3,000 | $6,000–$25,000 | Error: No space between STATES/OF |
| 1815-1819 | GAP YEARS | — | — | — | — | Five consecutive years with no dime production |
| 1820 | Large '0' | 942,587 (Total) | $45–$300 | $600–$1,000 | $2,400–$18,000 | '0' is tall and round |
| 1820 | Small '0' | (Inc. above) | $45–$300 | $620–$1,900 | $2,800–$15,000 | '0' is smaller/thinner |
| 1820 | STATESOFAMERICA | (Inc. above) | $310–$600 | $1,300–$2,250 | $6,000–$21,000 | Popular Red Book variety |
| 1821 | Large Date | 1,186,512 (Total) | $40–$300 | $600–$1,600 | $2,500–$16,000 | Date numerals are large/bold |
| 1821 | Small Date | (Inc. above) | $40–$300 | $620–$2,700 | $4,800–$20,000 | Date numerals are delicate |
| 1822 | KEY DATE | 100,000 | $1,200–$5,500 | $7,700–$14,000 | $22,000–$95,000 | Rare. Est. ~300 survivors |
| 1823 | 1823/2 Small Es | 440,000 | $170–$450 | $760–$1,900 | $3,700–$22,000 | All 1823s are overdates |
| 1823 | 1823/2 Large Es | (Inc. above) | $185–$400 | $700–$2,500 | $4,500–$21,000 | Es in Legend noticeably larger |
| 1824 | 1824/2 (Flat Top 1) | 510,000 | $45–$180 | $350–$1,300 | $2,300–$25,000 | All 1824s are overdates |
| 1825 | Pointed Top 1 | Est (Inc. in 1824) | $40–$190 | $300–$1,100 | $2,500–$20,000 | Often weak strike on centers |
| 1826 | GAP YEAR | — | — | — | — | No dimes minted |
| 1827 | Pointed Top 1 | 1,215,000 (Total) | $40–$150 | $200–$900 | $1,500–$8,000 | Common variety |
| 1827 | Flat Top 1 | (Inc. above) | $230–$950 | $1,800–$4,500 | $10,000–$30,000 | Rare variety (JR-2) |
| 1828 | Large Date | 125,000 (Total) | $170–$400 | $700–$2,000 | $4,000–$15,000 | Last 'Open Collar' issue |
| 1828 | Small Date | (Inc. above) | $75–$180 | $300–$900 | $1,500–$7,000 | First 'Close Collar' issue |
| 1829 | Med/Large 10C | 770,000 (Total) | $35–$130 | $225–$600 | $1,000–$6,500 | Standard issues (Square Base 2) |
| 1829 | Curl Base 2 | (Inc. above) | $3,500–$8,500 | $12,000–$25,000 | $40,000+ | Major Rarity (JR-10) |
| 1830 | Medium 10C | 510,000 | $35–$130 | $225–$550 | $1,000–$5,500 | Common date |
| 1831 | Normal Date | 771,350 | $35–$130 | $225–$550 | $900–$5,000 | High survival rate in VF |
| 1832 | Normal Date | 522,500 | $35–$130 | $225–$550 | $900–$5,000 | Common date |
| 1833 | Last 3 Low | 485,000 | $35–$130 | $225–$550 | $900–$5,000 | Common date |
| 1833 | Last 3 High | (Inc. above) | $35–$130 | $225–$550 | $900–$5,000 | Minor position variety |
| 1834 | Large 4 | 635,000 (Total) | $35–$130 | $225–$550 | $900–$5,000 | '4' is tall, crossbar plain |
| 1834 | Small 4 | (Inc. above) | $40–$160 | $250–$650 | $1,100–$6,000 | '4' is distinctively smaller |
| 1835 | Normal Date | 1,410,000 | $35–$130 | $200–$500 | $850–$4,500 | Highest mintage of series |
| 1836 | Normal Date | 1,190,000 | $35–$130 | $200–$500 | $850–$4,500 | Common date |
| 1837 | Head of 1836 | 359,500 | $40–$180 | $300–$800 | $1,200–$6,500 | Last Capped Bust Dime |
Note: Prices are for problem-free coins with original surfaces. Holed, plugged, or cleaned coins typically trade at 10-20% of listed values. Gap years are included for historical completeness.
Capped Bust Dime Values by Collar Type
While the entire Capped Bust Dime series maintains a consistent composition of 89.24% silver and 10.76% copper, the series is divided into two distinct technological eras based on the collar technology used during striking. Understanding these sub-types is essential for collectors building type sets.
Open Collar Era (1809-1828 Large Date)
Open Collar coins were struck without the planchet being fully restrained, resulting in slightly irregular edges and variable diameters (approximately 18.8mm). The edge was reeded separately using a Castaing machine before the obverse and reverse designs were struck. This technology led to several characteristic features:
- Large dentils (denticles): Tooth-like border elements that are long and irregular
- Weak centers: Dies often failed to fully strike the highest points (Liberty's hair clasp, eagle's shield)
- Uneven edges: The separately-applied reeding was not always perfectly aligned
- Wider diameter: Without collar restraint, planchets spread slightly during striking
Value Profile: Early dates (1809-1827) command significant premiums due to scarcity and collector demand for type coins. The 1809 first-year issue is particularly prized, with even well-worn examples trading for $160-$480. Mid-period dates like 1820-1821 are the most affordable Open Collar issues, making them ideal type coins for collectors seeking this design.
Typical Open Collar weak strike pattern showing flat center on Liberty's hair and eagle's shield
Close Collar Era (1828 Small Date-1837)
The introduction of Close Collar technology in 1828 revolutionized U.S. coinage production. The planchet was now restrained by a collar during striking, which simultaneously imparted the reeded edge while the dies struck the obverse and reverse designs. This resulted in:
- Small beads: Uniform border elements replacing the large dentils
- Sharper strikes: More consistent metal flow into all die cavities
- Uniform edges: Perfectly aligned reeding applied during the strike
- Consistent diameter: 18.5mm became the standard
Value Profile: Close Collar dates (1828-1837) are generally more affordable and available than Open Collar issues. The common dates from 1830-1836 can be found in VF-XF grades for $35-$130, making them excellent entry points for new collectors. The NGC grading guide notes that these issues typically show more consistent strike quality than their predecessors.
Close Collar dime (1835) showing characteristic sharp strike and uniform beaded border
Silver Content & Melt Value
All Capped Bust Dimes contain 0.0775 troy ounces of pure silver. To calculate current melt value, multiply the current silver spot price by 0.0775:
💰 Melt Value Formula
Melt Value = Silver Spot Price × 0.0775
For example, at $30/oz silver: $30 × 0.0775 = $2.33 melt value
Check current silver prices at APMEX or JM Bullion.
Important: While silver content establishes a minimum value floor, the numismatic premium for Capped Bust Dimes typically far exceeds melt value. Even the most common dates in worn condition trade at 10-40 times melt value due to collector demand and historical significance.
1828: The Transitional Year
The year 1828 holds special significance as both collar types were used. The 1828 Large Date represents the final use of Open Collar technology, while the 1828 Small Date inaugurated the Close Collar era. Advanced collectors often seek both varieties to demonstrate the technological evolution at the Philadelphia Mint. For detailed attribution information, consult NGC's 1828 Large Date page and the corresponding Small Date page.
Most Valuable Capped Bust Dimes
The Capped Bust Dime series includes several legendary rarities that have achieved six-figure prices at auction. These coins represent the pinnacle of the series and are highly sought after by advanced collectors and investors. The following rankings reflect a combination of absolute rarity, historical significance, and auction performance.
1. 1822 Capped Bust Dime
Record Sale:$149,500 (MS66, 2006, Stack's Bowers)
The 1822 is the undisputed "King" of Capped Bust Dimes. Despite a recorded mintage of 100,000, only approximately 300 survivors are estimated to exist in all grades—an anomalously low survival rate that has never been fully explained. It is significantly rarer than the first-year 1809 issue. The Stack's Bowers resource page notes that fewer than 10 Uncirculated examples are known. When an 1822 appears at auction, it often becomes the centerpiece of the entire sale.
⚠️ Authentication Critical
Due to its extreme value, the 1822 has been extensively counterfeited. Professional authentication by PCGS or NGC is absolutely mandatory for any potential purchase.
2. 1829 Curl Base 2 (JR-10)
Record Sale:$34,500 (VF30, 2009, Bowers & Merena)
This extraordinary variety essentially recycles the "curly 2" font from the 1828 Large Date dies and represents one of the most visually distinct varieties in the series. The diagnostic is the '2' in the date: standard 1829 dimes have a flat-bottomed "Square Base 2," while this rarity features a curved tail. Because it is easily distinguished with the naked eye, it has graduated from a mere attribution to a major Red Book variety. The PCGS CoinFacts page estimates only a handful of examples are known.
3. 1811/09 Overdate
Record Sale:$24,200 (MS65, 1995, Stack's)
There are no "normal" 1811 dimes—every single die used was an overdate punched over an unused 1809 die. This creates a distinct visual diagnostic where the curve of the "9" is visible under the final "1." The PCGS population data shows that high-grade examples are particularly rare, with most survivors showing porosity or environmental damage from circulation.
4. 1809 First Year Issue
Record Sale:$60,000 (MS66, 2020, Stack's Bowers)
The inaugural year of John Reich's Capped Bust design for the dime denomination, with a modest mintage of only 51,065. This date has universal first-year appeal and is plagued by strike issues—Liberty's ear and the eagle's shield are often flat even on technically Uncirculated coins. A fully struck 1809 is a condition rarity. The market consistently rewards eye appeal over technical grade for this date.
5. 1827 Flat Top 1 (JR-2)
Estimated Value:$30,000+ (MS65 range, based on PCGS data)
The diagnostic is the '1' in the denomination "10 C." on the reverse. The Flat Top 1 has a serif that is strictly horizontal, while the common Pointed Top 1 has a serif that points upward like a spire. This variety is significantly rarer than the standard issue but often overlooked by collectors who don't examine the reverse carefully.
6. 1820 STATESOFAMERICA Error
Value Range:$67,250 (MS66, 2026 trend via APMEX)
This major Red Book variety features the words "STATES" and "OF" merged into one word at the top reverse legend with no spacing. Because it's easily spotted without magnification, this error has broad appeal to both specialists and general collectors. The same error also appears on the 1814 issue but is more commonly encountered (and collected) on the 1820.
💡 Investment Perspective
The smart money in this series is currently targeting the 1828 Large Date (Open Collar) in AU-MS grades. It represents the technological end of an era and is significantly scarcer than its Small Date counterpart, yet the price spread does not fully reflect this rarity below the MS65 level. This date may represent an opportunity for value-conscious collectors.
Capped Bust Dime Key Dates Worth Money
Beyond the headline-grabbing auction records, the Capped Bust series includes several key dates and better dates that command consistent premiums across all grade levels. Understanding which dates are genuinely scarce versus merely expensive helps collectors make informed purchasing decisions.
The Undisputed Key Date: 1822
The 1822 dime stands alone as the series' key date. With only approximately 300 survivors from a mintage of 100,000, it is exponentially rarer than any other regular-issue Capped Bust Dime. The survival rate disparity has never been satisfactorily explained—theories include a large melting event or exportation. What is certain is that the 1822 commands four-figure prices even in the lowest collectible grades:
- AG3-G4: $1,200-$2,000 (heavily worn but identifiable)
- VF20-XF40: $3,000-$7,700 (collector grade)
- AU50-MS62: $10,000-$30,000 (high-end circulated to low Mint State)
- MS63+: $30,000-$95,000+ (Gem examples are five-figure rarities)
⚠️ 1822 Authentication
Any 1822 dime should be viewed with skepticism until authenticated by PCGS or NGC. Counterfeits exist, and even genuine examples have been altered (wrong date added to common dates). The PCGS population report can help verify if a coin's grade is consistent with known census data.
1822 date punch diagnostics showing authentic date characteristics
Early Date Scarcities (1809-1811)
The first three years of the series are scarce across all grades due to low mintages and heavy attrition:
- 1809 (51,065 minted): First-year premium. Weak strikes are typical. VF examples trade for $400-$600.
- 1811/09 (65,180 minted): All are overdates. Often found with problems. VF examples: $600-$900.
These early dates serve double duty as key dates and type coins for collectors seeking Open Collar examples. The 1809's first-year status makes it particularly liquid in the marketplace.
Mid-Series Better Dates
Several dates from the 1820s command modest premiums over common dates:
- 1823/2 Overdate: All 1823 dimes are overdates (3 over 2). The Small Es variety is slightly more common. VF: $250-$450.
- 1824/2 Overdate: All 1824 dimes show 4 over 2. A straight line from the 2 is visible within the 4. VF: $150-$250.
- 1828 Large Date: The final Open Collar issue is scarcer than often recognized. VF: $250-$400 (30-50% premium over Small Date).
Condition Rarities
Certain common-date coins become rarities in high grades due to strike issues or low survival rates in Mint State:
- 1809-1827 (Open Collar dates) in MS65+: Weak strikes make true Gems extraordinarily rare.
- 1828-1837 (Close Collar dates) in MS67:PCGS population data shows MS67 examples are rare even for common dates like 1834-1835.
💡 Collector Strategy
For date set builders on a budget, focus on VF-XF grades where you can afford the key 1822 and early dates. For type set collectors, the common Close Collar dates (1830-1836) in XF-AU offer the best value per dollar spent.
Capped Bust Dime Errors & Rare Varieties
For collectors who have completed a basic date set, die variety collecting offers a lifetime of challenges. The Capped Bust series is rich in overdates, date size variations, and dramatic errors. This section focuses on Red Book-level varieties that command significant premiums and are liquid in the marketplace.
1811/09 Overdate (JR-1)
The Mint recycled leftover 1809 obverse dies in 1811 by overpunching the date. Under magnification, the curve of the "9" is clearly visible beneath the final "1" in the date. There is no such thing as a "normal" 1811 dime—every single example is an overdate. For detailed diagnostics, see the PCGS attribution page.
Close-up of 1811/09 overdate showing remnant '9' curve beneath second '1'
1823/2 Overdate (Small Es & Large Es)
Like 1811, all 1823 dimes are overdates with the '3' punched over a '2'. The distinction between Small Es and Large Es varieties relates to the size of the letter 'E' in the reverse legend "UNITED STATES OF AMERICA." The Large Es variety uses noticeably larger, bolder letter punches. Both varieties are recognized in the Red Book. Attribution details are available from PCGS and NGC.
1824/2 Overdate
Yet another universal overdate. The Mint reused 1822 date punches by overpunching with '4' over '2'. The diagnostic is a straight horizontal line from the underlying '2' visible within the lower curve of the '4'. See PCGS CoinFacts for attribution photos.
1828 Large Date vs. Small Date
The 1828 transitional year is a "must-have" for advanced collectors. The Large Date variety uses the older Open Collar technology with large dentils, while the Small Date inaugurates the Close Collar technology with small beads. The easiest diagnostic is the '2' in the date: Large Date has a curly tail (Curl Base 2), Small Date has a flat bottom (Square Base 2). Consult NGC's Large Date page and Small Date page for detailed comparisons.
Side-by-side comparison of 1828 Large Date (curl base '2') and Small Date (square base '2')
1829 Curl Base 2 (JR-10)
This is the "Holy Grail" for variety specialists. Standard 1829 dimes have a Square Base 2 (flat bottom), but this rare variety recycles the Curl Base 2 punch from the 1828 Large Date dies. Because it's visually distinct to the naked eye, it has achieved major Red Book status. The PCGS population shows fewer than 10 examples have been certified in all grades. When one appears at auction, it generates intense bidding.
⚠️ Authentication Essential
The 1829 Curl Base 2 has been counterfeited by altering common Square Base 2 examples. Professional authentication is mandatory. Compare your coin to images on the PCGS page before purchasing.
1827 Flat Top 1 (JR-2)
Most collectors focus on the date, but this variety's diagnostic is on the reverse. Look at the '1' in the denomination "10 C." The common Pointed Top 1 variety has a serif that points upward like a spire. The rare Flat Top 1 (JR-2) has a serif that is strictly horizontal. This variety is often overlooked because collectors don't examine the reverse carefully. See PCGS JR-2 page for attribution.
STATESOFAMERICA Errors (1814 & 1820)
These dramatic errors show the words "STATES" and "OF" merged into a single word at the top of the reverse legend. The error likely occurred due to improper punch spacing during die preparation. Because it's instantly recognizable, it appeals to both variety specialists and general collectors. The 1820 version is more commonly collected than the 1814, but both command strong premiums. For current market values, see APMEX's price guide.
1820 STATESOFAMERICA error showing merged words on reverse legend
💡 Variety Collecting Resources
For comprehensive die variety attribution, consult the John Reich Collectors Society and the NGC VarietyPlus database. These resources document hundreds of minor die marriages beyond the major Red Book varieties.
How to Grade Capped Bust Dimes
Grading early United States coins requires understanding the unique characteristics of 19th-century minting technology. Unlike modern coins struck with multiple tons of pressure, Capped Bust Dimes were struck by hand-operated screw presses with inconsistent force. This section explains how to distinguish genuine wear from weak strikes and when professional grading is worthwhile.
The Weak Strike Challenge
The single biggest grading pitfall for Capped Bust Dimes is confusing weak strikes (incomplete metal flow) with wear (friction removing luster). This is especially critical for Open Collar issues (1809-1828).
🔍 Weak Strike vs. Wear
Weak Strike: The metal never filled the die. Look for luster in the "flat" areas under magnification and proper lighting. The coin is technically Uncirculated even though details are missing.
Wear: Friction has removed metal and luster. High points are smooth and dull, with no cartwheel luster remaining. The coin is circulated.
Critical Test: Tilt the coin under a light source. If you see luster (cartwheel effect) in the seemingly flat areas, it's a weak strike, not wear.
For detailed guidance on this distinction, NGC provides an excellent tutorial on grading Capped Bust coins that applies equally to dimes.
Key Grading Points
When evaluating a Capped Bust Dime, examine these diagnostic areas in order:
- Obverse High Points:
- Liberty's hair above ear and forehead
- Hair clasp on shoulder
- Star centers (especially stars 1-3 and 11-13)
- Cap details and folds
- Reverse High Points:
- Eagle's breast shield (vertical lines)
- Feather tips on wings
- Head and neck details
- Clouds above eagle (often weak even on Mint State coins)
VF20 example showing full LIBERTY, clear shield lines, moderate wear on hair
AU50 example showing trace wear on highest points, significant luster remaining
MS63 example showing full luster, no wear, but typical bag marks
Circulated Grade Standards
| Grade | Key Characteristics | Value Impact |
|---|---|---|
| AG3-G4 | Date readable, rim full, LIBERTY mostly worn away. Major design elements identifiable. | Base value for common dates; key dates still valuable here |
| VG8-F12 | Partial LIBERTY visible (3+ letters). Some shield lines remain. Stars outlined. | Affordable collector grade |
| VF20-VF35 | Full LIBERTY. All shield lines clear. Hair shows moderate detail. Stars sharp. | Popular collector grade — "sweet spot" for most dates |
| XF40-XF45 | Sharp details. Hair well-defined. Shield bold. Light wear on high points only. | High-end circulated; prices approach AU |
| AU50-AU58 | Trace wear on highest points. 50%+ original luster remains. Sharp strike. | Often 2-3× XF prices; original skin adds premium |
Uncirculated Grade Standards
| Grade | Key Characteristics | Value Impact |
|---|---|---|
| MS60-MS62 | No wear. Full luster. Heavy bag marks or poor strike acceptable. May have weak centers. | Entry-level Mint State; often surprisingly affordable |
| MS63-MS64 | No wear. Good luster. Moderate marks. Better strike quality than MS60-62. | Choice Uncirculated; significant jump in value |
| MS65+ | No wear. Excellent luster. Minimal marks. Sharp strike (rare for early dates). | Gem level; dramatic price premiums, especially for Open Collar dates |
When to Get Your Coin Professionally Graded
Professional third-party grading by PCGS or NGC is recommended when:
- Value exceeds $500: Authentication and grade protection justify the cost
- Key dates: 1822, 1809, 1811, 1829 Curl Base 2 — authentication is essential
- High grades: AU58 and above — the difference between AU58 and MS60 can be thousands of dollars
- Rare varieties: 1827 Flat Top 1, 1828 Large Date, STATESOFAMERICA errors
- Selling the coin: Certified coins command higher prices and sell faster
For common dates in VF-XF grades (under $200), raw coins are acceptable for personal collections.
💡 Grading Service Comparison
PCGS: Stronger population data, slightly higher prices realized for top coins. Best for registry set collectors.
NGC: More detailed variety attributions (VarietyPlus). Best for variety collectors and attribution-focused coins.
Both services are equally respected. Choose based on your collecting focus.
For comprehensive grading standards specific to Close Collar Capped Bust Dimes, see NGC's detailed guide.
Capped Bust Dime Authentication & Preservation
Capped Bust Dimes face two primary threats: counterfeits (especially of key dates) and environmental damage (particularly from 19th-century jewelry use and improper storage). This section covers how to spot problems and how to preserve your coins properly.
Counterfeit Detection: The 1822 Problem
The 1822 dime is extensively counterfeited due to its extreme value. Common counterfeiting methods include:
- Added dates: A "2" is engraved over another digit on a common date dime
- Cast copies: Modern reproductions made from molds of genuine coins
- Spark-erosion dies: High-quality counterfeits struck from computer-generated dies
⚠️ Red Flags for Counterfeits
- Wrong metal color or density (hold the coin — does it feel "off"?)
- Unnatural-looking date numerals (compare to authenticated examples on PCGS CoinFacts)
- Price too good to be true (a $1,000 1822 is almost certainly fake)
- Lack of die characteristics (genuine coins show die cracks, clashes, flow lines)
Rule: Never purchase an 1822, 1829 Curl Base 2, or high-grade 1809/1811 without PCGS or NGC certification.
Jewelry Damage: Holed and Plugged Coins
Due to the intermittent nature of dime production (many gap years), Capped Bust Dimes were frequently used as jewelry or "pocket pieces." This has left a significant portion of the surviving population with holes or plugged holes.
Example of holed coin (left) and professionally plugged coin (right) — both considered damaged
Value Impact: Holed or plugged coins typically trade at 10-20% of problem-free values. Even expertly plugged holes are considered "damage" in the numismatic market. Do not pay problem-free prices for a holed coin, regardless of the repair quality.
One example of how these coins were used can be seen in this eBay listing showing a holed 1811/09 sold as a jewelry piece.
Cleaned Coin Detection
Many Capped Bust Dimes were "cleaned" by well-meaning owners attempting to restore shine. Cleaning removes the natural patina and microscopic surface texture, destroying numismatic value.
Signs of cleaning:
- Hairline scratches: Fine parallel lines in the fields from polishing
- Unnatural brightness: Bright white or pink color inconsistent with 200-year-old silver
- Lack of toning in protected areas: Natural toning typically appears around letters/devices; cleaned coins are uniform
- Dull luster: Original luster is "alive" and cartwheels; cleaned coins have flat, dead luster
Value Impact: Cleaned coins trade at 30-50% discounts compared to problem-free examples in the same technical grade. Third-party grading services will note cleaning with "Details" designations (e.g., "AU Details — Cleaned").
Proper Storage and Preservation
✅ Storage Best Practices
- Use inert holders: 2×2 flips (Mylar, not PVC), Dansco albums, or certified slabs
- Avoid PVC: Old vinyl "flips" leach chemicals that cause green corrosion. If you see green residue, remove the coin immediately and place it in a safe holder.
- Control humidity: Store in a cool, dry environment (50-60% relative humidity ideal)
- Never clean: Even "harmless" cleaning destroys value. If you dislike the toning, leave it alone or have it professionally conserved (not cleaned) by a grading service.
- Handle by edges: Skin oils can cause spotting over time
Environmental Damage: The Green Menace
PVC damage (green or oily residue) is common on Capped Bust Dimes stored in old vinyl flips. This chemical reaction is irreversible and reduces value.
If you discover PVC damage:
- Remove the coin from the contaminated holder immediately
- Place in an inert holder (Mylar 2×2 or certified slab)
- Do NOT attempt to remove the green residue yourself
- For valuable coins, submit to NGC Conservation or PCGS Restoration
⚠️ 1970-D Kennedy Warning Analog
While this guide covers Capped Bust Dimes (no Kennedy coins), the same PVC warning applies to ALL vintage coins. Many 19th-century coins were stored in vintage holders that are now causing damage. Inspect your collection regularly.
For additional information on early dime preservation, consult the Stack's Bowers resource page.
How to Sell Your Capped Bust Dime
Selling early United States coins requires understanding the market's structure and your coin's specific value proposition. Capped Bust Dimes have multiple potential buyer segments depending on date, grade, and variety.
Market Segmentation
Different types of coins appeal to different buyers:
| Your Coin | Best Venue | Expected Return |
|---|---|---|
| Key Date (1822) or Rare Variety | Major auction house (Heritage, Stack's Bowers, GreatCollections) | 95-100% of market value (minus 10-20% buyer's premium) |
| High-Grade Common Date (MS64+) | Online auction (GreatCollections, Heritage) or PCGS/NGC registry market | 90-95% of market value |
| Mid-Grade Scarce Date (1809-1827 in VF-AU) | Local coin shop or online marketplace (VCoins, eBay) | 80-90% of market value |
| Common Date Circulated (1830-1837 in VF-XF) | Local coin shop (bulk sale) or melt to refiner if close to silver value | 70-80% of market value, or melt value if premium is small |
Preparation Steps
- Identify your coin precisely: Year, variety (if applicable), approximate grade
- Research current values: Check PCGS Price Guide and APMEX values
- Consider certification: If your coin is worth $500+, professional grading will maximize value
- Document the coin: High-resolution photos of obverse, reverse, and edge
- Choose your venue: See market segmentation table above
When Professional Grading Pays Off
For key dates and high-grade coins, the cost of certification ($30-$100 depending on service level) is recouped many times over:
- Certified coins sell for 10-30% more than equivalent raw coins
- Eliminates authenticity concerns (critical for 1822, 1829 Curl Base 2)
- Provides grade insurance (no arguments over condition)
- Faster sale and broader buyer pool
💡 Timing the Market
Early U.S. coin values are relatively stable but respond to precious metal prices. If your coin is close to melt value (common dates in worn condition), consider waiting for silver price increases. If your coin has significant numismatic premium, market timing is less critical — collector demand remains steady.
Capped Bust Dime FAQs
What is my Capped Bust Dime worth?
Value depends on year, condition, and variety. Common dates (1830-1837) in worn condition start around $35. The key date 1822 ranges from $1,200–$95,000 depending on grade. Early dates (1809-1811) and rare varieties command significant premiums. Use the value chart above to find your specific coin's range.
How do I know if my dime is Open Collar or Close Collar?
Check the border and edge. Open Collar (1809-1828 Large Date): Large tooth-like dentils, slightly uneven edge, wider diameter (~18.8mm). Close Collar (1828 Small Date-1837): Small beads or wire rim, uniform reeded edge, tighter diameter (~18.5mm). The easiest test is to compare the edge — Open Collar edges look handmade and irregular, Close Collar edges are machine-perfect.
What are the gap years for Capped Bust Dimes?
No dimes were minted in 1810, 1812, 1813, 1815, 1816, 1817, 1818, 1819, or 1826. These gap years are a result of Mint priorities (War of 1812 disruption) and changing silver supplies. Any coin claiming to be from a gap year is either misdated or counterfeit.
Is the 1822 dime really that rare?
Yes. Despite a recorded mintage of 100,000, only approximately 300 survivors are estimated to exist in all grades. This anomalously low survival rate has never been fully explained. The 1822 is significantly rarer than the 1809 first-year issue and commands four-figure prices even in heavily worn grades. Any 1822 should be authenticated by PCGS or NGC before purchase.
Should I get my Capped Bust Dime professionally graded?
Grading is recommended if: (1) Your coin is worth $500+, (2) It's a key date (1822, 1809, 1811, 1829 Curl Base 2), (3) It's a rare variety, or (4) It's in high grade (AU58+). For common dates in VF-XF worth under $200, raw coins are acceptable for personal collections. Certification costs $30-$100 but increases value and liquidity for significant coins.
What is a weak strike and how does it affect value?
A weak strike occurs when the metal didn't fully flow into the die during striking. This is common on Open Collar dimes (1809-1828), especially at the centers (Liberty's hair clasp, eagle's shield). Weak strikes are NOT wear. If luster is present in the seemingly flat areas, the coin is technically Uncirculated. However, collectors often discount weakly struck coins by 20-50% compared to sharp strikes, even at the same technical grade.
Why are there so many overdates in this series?
The Mint routinely recycled older date punches to save money and time. If a die from 1822 remained unused, it could be "updated" by overpunching "1824" instead of creating an entirely new date punch. This practice was standard until the 1830s. Examples include 1811/09, 1823/2, and 1824/2 — all coins from these years are overdates.
What is the 1829 Curl Base 2 and why is it so valuable?
The 1829 Curl Base 2 (JR-10) is an extreme rarity where the date punch has a curvy-tailed '2' instead of the standard flat-bottomed '2'. It likely uses a leftover punch from the 1828 Large Date dies. Only a handful of examples are known in all grades. Because it's easily spotted by eye, it has achieved major Red Book variety status and commands prices of $3,500–$40,000+ depending on condition. Authentication by PCGS or NGC is essential.
How can I tell if my coin has been cleaned?
Look for: (1) Fine hairline scratches in the fields from polishing, (2) Unnatural brightness (bright white or pink color), (3) Lack of natural toning in protected areas, (4) Dull, flat luster instead of "alive" cartwheel luster. Tilt the coin under a light — cleaned coins won't show proper luster rotation. Cleaned coins trade at 30-50% discounts and receive "Details" grades from certification services.
My coin has a hole or has been plugged. What's it worth?
Holed or plugged coins are considered damaged and typically trade at 10-20% of problem-free values. Because of the gap years in dime production, many Capped Bust Dimes were used as jewelry or pocket pieces, leading to widespread holing. Even expertly plugged holes remain damage. If the underlying date is rare (1822, 1809, 1811), the coin retains some value, but it will never approach problem-free prices.
What does 'JR' mean in variety designations?
"JR" refers to the John Reich Collectors Society variety attribution system. Each die marriage (unique obverse and reverse die pairing) receives a JR number. For example, "JR-2" means the second-recognized die pairing for that year. Advanced collectors use JR numbers to attribute specific varieties beyond the basic Red Book listings. The JRCS maintains the definitive reference for Capped Bust die varieties.
Are Capped Bust Dimes a good investment?
Early U.S. coinage offers two investment appeals: (1) Silver content provides a value floor (currently about $2-$3 melt value), and (2) Numismatic premiums tend to appreciate over time, especially for key dates and high grades. The market for Capped Bust Dimes is mature and liquid — key dates like 1822 and 1809 have established track records of appreciation. Common dates provide affordable entry points. As with all collectibles, focus on quality (buy the best grade you can afford) and authenticity (favor certified coins for expensive dates).
Where can I buy authenticated Capped Bust Dimes?
Reputable venues include: Major Auction Houses: Heritage Auctions, Stack's Bowers, GreatCollections (all offer certified coins with return policies). Third-Party Grading Services:PCGS and NGC maintain registries of certified dealers. Coin Shows: National and regional shows allow in-person examination. Avoid ungraded 1822s, 1829 Curl Base 2s, and high-grade early dates unless you have expert authentication skills.
Methodology & Sources
This guide is based on comprehensive analysis of auction records, dealer pricing, third-party grading service data, and numismatic scholarship current as of early 2026. Values represent fair market ranges for problem-free coins with original surfaces.
Valuation Sources
- Auction Records:PCGS Auction Prices, Heritage Auctions, Stack's Bowers Galleries, GreatCollections
- Price Guides:PCGS Price Guide, APMEX Capped Bust Dime Values, JM Bullion
- Population Data:PCGS CoinFacts, NGC Coin Explorer, NGC VarietyPlus
- Mintage Data:LandofCoins Mintage Records, CoinMintages.com
- Spot Prices:APMEX Silver Price, JM Bullion Silver Charts
- Educational Resources:Stack's Bowers Capped Bust Dime Resource, CoinWeek Close Collar Guide, NGC Grading Guide
Variety Attribution
Die variety attributions follow the John Reich Collectors Society (JRCS) numbering system, cross-referenced with Red Book major varieties. The JRCS maintains the definitive census for Capped Bust coinage die marriages.
Methodology Notes
- Gap Years Included: This guide explicitly lists all gap years (1810, 1812-1819, 1826) for historical completeness and to help collectors understand the intermittent production pattern.
- Silver Content: All melt value calculations use 0.0775 troy ounces of pure silver per coin (89.24% silver composition × 2.70 grams ÷ 31.1035 g/oz).
- Grade Ranges: Values are presented as ranges (low-high) to account for strike quality variations, toning, and eye appeal premiums common in early coinage.
- Weak Strike Caveat: Open Collar issues (1809-1828) frequently exhibit weak strikes. Values assume "average" strike quality; fully struck examples can command 20-50% premiums in high grades.
Market Disclaimers
- Coin values fluctuate based on precious metal spot prices, market conditions, and individual coin quality.
- Values presented represent fair market ranges as of early 2026 and are subject to change.
- Problem coins (holed, plugged, cleaned, damaged) typically trade at 10-50% discounts from listed values.
- Professional grading and authentication is strongly recommended for coins valued over $500 and mandatory for key dates (1822, 1829 Curl Base 2).
- Early U.S. coinage values vary significantly based on strike quality, die variety, toning, and eye appeal beyond technical grade.
This guide prioritizes accuracy and transparency by explicitly citing source documents and acknowledging the inherent uncertainty ranges in early coin valuations. When in doubt, consult multiple sources and consider professional authentication for significant purchases.
A note on images: To help illustrate coin diagnostics and rare varieties — especially complex errors that are difficult to describe in text alone — this guide uses AI-generated images. All written values, diagnostics, and variety attributions have been manually reviewed against the cited sources above. While our editorial team works to ensure every image is accurate and helpful, AI-generated illustrations may occasionally misrepresent fine details. If you spot any discrepancy between an image and its written description, please contact us or leave a comment below — we review all feedback and correct errors promptly. Numismatic knowledge is a community effort, and your input helps us build a more accurate resource for everyone.
