Bill Jones' Early Half Dimes
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||HALF DIMES - DRAPED BUST
||H10C 1800 "LIBEKTY" LM-3
||NGC XF 45
This is the "odd and curious" die variety that appears to have word “liberty” that appears above Ms. Liberty’s profile spelled as “LIBEKTY.” The anomaly resulted from the use of a defective “R” letter punch that was broken at the top.
This coin, which is listed in the Federal Half Dime die variety book as LM-3, is rated as a rarity 4. That means that the estimated surviving population is between 76 and 200 pieces. I believe that this piece falls into the middle of that range. Although it is viewed as a “fairly common” variety in the early half dime series, one does not see a large number of these piece offered at auction or at major coin shows.
The flat spot noted on the reverse by the eagle's beak is not a defect. It is a die injury, which appears on virtually all of the examples that I have seen of this variety.