Owner Comments:
The 1864 Dinero is widely available in circulated grades. In true mint state it is scarce, and rare in Gem. Varieties abound. Flatt lists eleven different die varieties for the date, and I've added almost as many more. An interesting and affordable set could be made of varieties in circulated grades. The work of punching letters and numerals onto hubs became sloppy in just the Dinero's second yet. Many dies were used past their lifespan creating examples with die cracks.
Varieties as given by Flatt:
1. 1864/3 REPUB: large "O" in DINO (I have seen)
2. 1864/3 REPUB: small "O" in DINO (I have seen)
3. REPUB: large "O" in DINO (Also D:FINO) (I have seen)
4. REPUB: large "O" in DINO, very long bar beneath "O" (I have not seen)
5. REPUB: large "O" in DINO, YB (note no period), Low "4" (I have not seen)
6. REPUB: large "O" in DINO, Y. B (note period, I'm not sure if Flatt is saying the initials are wide or not), Low "4" (I have not seen)
7. REPUB: large "O" in DINO, 1864/4, higher "4" over lower "4" (I have not seen as a REPUB:)
8. REPUB: large "O" in DINO, Roman 1 in date (I have not seen as REPUB:)
9. REPUB: "O" that looks like a "6" in DINO, Roman 1 in date (I have not seen as a REPUB: or Roman 1)
10. REPUB. small "O" in DINO (I have seen this with a low "8", high and wide "4")
11. REPUB. large "O" in DINO (I have seen)
Found by me:
12. REPUB. large "O", in DINO, 1864/4, higher "4" over lower "4"
13. REPUB. large "O/O" in DINO, 1864/4, higher "4" over lower "4"
14. REPUB. "O" that looks like "6" in DINO, normal "1" in date
15. REPUB. large "O/O" in DINO, Roman 1 in date, "4" very high, "64" close
16. REPUB. large "O" in DINO, 6/6 die cracks through date, "4" wide, "1" used as an "I" in DINO
17. REPUB. small "O" in DINO, 6/6 die cracks through date, "4" wide, normal "1" in DINO
18. REPUB. large "O/O" in DINO
19. REPUB. large tilted "4" in date, perhaps from the 1/5 Sol Punch
Yikes! Nineteen varieties and their may be more!
Attempting a summary, the reverse varieties are as follows:
REPUB: 1864/3, YB no period with low "4", Y.B low "4", 1864/4, Roman I in date
REPUB. 1864/4, Roman I in date with "4" very high and "64" close, 6/6 in date "4" wide, tilted "4"
Check to see if your coin is REPUB: or REPUB. and then check to see which reverse variety it is (or if none are present). Then see the listing above to pair it with an obverse variety.
Krause only lists the 1864 regular date and 1864/3. It gives a value of $25 for the 1864 in MS 60, which is low. It gives an even lower value of $17 for the overdate, which is absurd, as it's very scarce. It would seem REPUB. coins are a bit more common than REPUB: coins.
Three in MS 63 at NGC, one in 65 at NGC, one in 66 at PCGS. Give total graded in mint state, two in Gem or better.
The set specimen is tied for third with two others in MS 63 at NGC. Two better, one in 65 at NGC, one in 66 at PCGS. This example is variety #12, REPUB. with a re-punched "4'. Really superb old cabinet toning with clean fields, the revere in particular is exceptional for the grade.