The 1823 Capped Bust Dime: 3 Over 2 – Large E is one of the rarest dimes ever produced in early U.S. coinage. This coin is especially desirable for collectors because of its unique design features, including an overdate (3 over 2) and the distinct Large E on the reverse. Let’s explore what makes this coin so rare and why it is valued among numismatists.
What is the 1823 Capped Bust Dime?
The Capped Bust Dime was first introduced in 1809 and was minted until 1837. Designed by John Reich, the Capped Bust series is popular among collectors due to its historical significance and unique designs. The 1823 Capped Bust Dime stands out because it features an overdate, where the “3” in the date was struck over a “2”, and the Large E on the reverse, which sets it apart from other coins of this era.
Key Features of the 1823 Capped Bust Dime
- Design: Lady Liberty wearing a cap on the obverse, an eagle with a shield on the reverse.
- Composition: 89.24% silver, 10.76% copper.
- Weight: 2.67 grams.
- Diameter: 18.5 mm.
- Mint Mark: None (Philadelphia Mint).
- Overdate: “3” over “2” in the year 1823.
- Large E: The letter “E” in “E Pluribus Unum” on the reverse is noticeably larger than the other letters.
Why is the 1823 Capped Bust Dime (3 Over 2 – Large E) So Valuable?
The value of this coin is driven by its rarity, unique design elements, and demand from collectors. Let’s explore these factors in more detail.
1. Rarity
The 1823 Capped Bust Dime (3 Over 2 – Large E) is considered a scarce coin, with very few surviving examples. Its limited production and special design features make it highly sought after by collectors.
2. Unique Overdate
The overdate feature, where the “3” is struck over a “2”, adds to the coin’s rarity and value. This mistake in the minting process makes it one of the more interesting dimes from the Capped Bust series.
3. Large E on Reverse
The Large E variety on the reverse is another distinguishing factor. The oversized “E” in the motto “E Pluribus Unum” sets it apart from other dimes of this era, adding to its appeal.
4. Historical Significance
As part of the early years of U.S. coinage, the 1823 Capped Bust Dime represents an important chapter in American numismatic history. Collectors prize coins from this time because of their role in the development of U.S. currency.
How to Identify the 1823 Capped Bust Dime (3 Over 2 – Large E)
Here’s how you can identify this rare coin:
- Obverse: Lady Liberty with a cap, surrounded by stars and the date 1823.
- Reverse: Displays an eagle with a shield, holding arrows and an olive branch, with the words “United States of America.”
- Overdate (3 over 2): Look closely at the date. The “3” is struck over a “2.”
- Large E: The “E” in “E Pluribus Unum” on the reverse is larger than the other letters.
Value of the 1823 Capped Bust Dime (3 Over 2 – Large E)
The value of this coin can vary depending on its condition. Below is a table showing the approximate value based on different grades:
| Condition | Estimated Value |
|---|---|
| Good (G) | $500 – $1,000 |
| Very Fine (VF) | $2,000 – $3,500 |
| Extremely Fine (EF) | $5,000 – $8,000 |
| Uncirculated (MS) | $15,000 – $25,000+ |
Conclusion
The 1823 Capped Bust Dime: 3 Over 2 – Large E is a true gem for coin collectors. Its rarity, combined with the overdate and Large E variety, makes it one of the most sought-after coins in U.S. numismatic history. If you’re lucky enough to own or find one of these dimes, it could be a significant piece in your collection.
FAQ’s
1. What makes the 1823 Capped Bust Dime (3 Over 2 – Large E) special?
This coin is special due to its overdate (3 over 2) and the unique Large E variety on the reverse, making it a rare find among U.S. coins.
2. How much is the 1823 Capped Bust Dime worth?
The value can range from $500 in lower grades to over $25,000 in uncirculated condition.
3. Where was the 1823 Capped Bust Dime minted?
This coin was minted in Philadelphia, which is why it does not have a mint mark.
4. How can I tell if my 1823 Capped Bust Dime is the 3 Over 2 variety?
Look closely at the date. The “3” should be struck over a faint “2,” making it the overdate variety.