Medium gray surfaces with hints of heather and gold toning. This is a common variety that is known in all grades through gem Mint State. A single Proof was also recorded in the Dime Book. This variety and the next are interesting for various different die states, including a "die" progression on the edge, per notes below.

The first obverse die use before JR-5 and the first reverse die use before JR-3.

This is the first of five examples of this variety that are extremely intriguing due to a progression of an edge cud. This was a physical break in the collar die and is strictly confined to the actual edge of the coin. Each of the five examples has this edge cud in very nearly the same location with relation to the obverse and reverse.

These coins of this variety and the next, with a broken edge die or collar, were the topic of an article by Louis A. Scuderi in Volume 13, Issue 3 of the Journal. Scuderi suggests that very slight movement of the edge cud in relation to obverse and reverse dies indicates the collar die was not fixed to either.

This first example has no evidence of the edge break. Perfect obverse and reverse dies. The photograph associated with the seven examples of JR-2 and JR-3 illustrates the progression of this edge cud, the left most example being this coin without the edge cud.