1794 H10C LM-3 VF20 认证号48952057, PCGS号38583

Ron Guth

LM-3 is one of four distinct die varieties of the 1794 Half Dime.  This is one of the easiest varieties to identify because it is the only one with two inner berries and one outer berry under the eagle's right wing (viewer's left).

Logan and McCloskey characteried this variety as "scarce" (R-4) and noted that this variety is "difficult to locate in Mint State."  However, among the PCGS CoinFacts Cindition Census, the LM-3 variety occupies six of the top ten spots, more than all other die varieties combined.  The finest 1794 Half Dime (NGC MS67) is an LM-3.  The second and third finest (P{CGS MS66 and NGC MS66) are also LM-3s. 

This may have been one of the first varieties struck in 1794, because the dies were used earlier to strike a copper example (Judd 14, Pollock 19).

Early states of the die are perfect (D. Brent Pogue's PCGS SP67 is a spectacular example).  Later states develop die cracks on both the obverse and reverse, eventually leading to severe bulging on the obverse and sinking on the upper right reverse.