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Lot
650

1821 50C SP67 NGC....

2008 March Phoenix, AZ (ANA) Signature Auction #1102

 
Sold for: $115,000.00 (includes BP )
Bid Source: Internet bidder
Auction Ended On: Mar 6, 2008
Item Activity: 12 Internet/mail/phone bidders
3,230 page views
Description:
Superlative 1821 O-103 Half, SP67
1821 50C SP67 NGC. O-103, R.2. From our January 2008 FUN Platinum Night sale, lot 2868, cataloged as NGC MS66. After considerable floor bidding from several knowledgeable experts, the coin sold for five times the price of other MS66 Capped Bust half dollars. These experts obviously understood the special nature of this remarkable piece.
The reverse is identified by the missing left serifs to each E in the legend. NGC calls this piece a specimen but it has been called a proof on several past occasions. In 1990, Stack's called it "a self-evident proof." In his Proof Encyclopedia, Walter Breen noted that he had seen three proofs of this variety, except he mistakenly called it O-102, providing a description of that reverse die:

"Identifiable by a small cluster of rust pits below NI in UNITED. Newcomer--Col. Green, probably the piece Beistle saw. I have seen three, one of them being the Cass, 'Empire' coin, lot 1312, ex R.T. McPherson: 844, ex 1949 ANA Sale. Others probably exist. Reverse is 1820 E, used for proofs and business strikes in both years."

This piece is the specific McPherson, Empire coin that Breen mentioned. The problem with his description is that this is not O-102, but actually O-103, and therefore the reverse die is not the same as 1820 Reverse E that was used for O-106 of the earlier year.
While Breen mentioned the existence of several proof examples, we believe that this coin is the only proof O-103 that exists. It has been documented as a proof for over half a century, and possibly long before that.
It is a remarkable coin with deeply mirrored fields and frosty devices, with every detail boldly rendered. The surfaces are virtually perfect with no blemishes evident on each side. Marvelous old-time collection toning consists of intermingled blue, rose, amber, and iridescent toning on both sides. It exactly matches the appearance and pattern in the color plate of the 1990 Stack's catalog, and likely appears exactly as it did 50 or 60 years ago.
Ex: 1949 ANA; R.T. McPherson (Stack's, 2/1953), lot 844; Empire Collection (Stack's, 11/1957), lot 1312; Stack's (10/1990), lot 1648; Heritage (1/2008), lot 2868 as NGC MS66 (old holder).(Registry values: N1) (#6128)

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Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
66 --- $22,750 $17,500 $16,000 $16,250 $29,500 ---
67 --- --- --- --- --- --- ---
68 --- --- --- --- --- --- ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 1,305,797 John Reich
NGC 67 0 0 526 -
CAC 67 0 0 34 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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