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Lot
1647

1796 1/2 C With Pole AU55 PCGS....

2008 May Long Beach, CA Signature Auction #1108

 
Sold for: $138,000.00 (includes BP )
Bid Source: Internet
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Auction Ended On: May 29, 2008
Item Activity: 11 Internet/mail/phone bidders
10,213 page views

Description:

Spectacular 1796 C-2, B-2 Half Cent, AU55

1796 1/2 C With Pole AU55 PCGS. C-2, B-2, High R.4. Breen State I. Manley State 1.0. EAC 45. An early die state with repunching of the 9 clear. The existing population of 1796 half cents is too small to clearly establish distinct die states or a suitable emission sequence.
The 1796 half cent is the classic rarity of the denomination from a mintage of just 1,390 coins. Perhaps 10% of those coins still exist today, nearly all in very low grades. We estimate the existence of about 25 No Pole coins and perhaps 120 With Pole coins.
Certain issues, such as the 1796 half cent and the 1901-S quarter, are known in high grade and low grade, but virtually unknown between these extremes. Nearly all known 1796 half cents, of both varieties, exist in Mint State and also below Fine. Those that grade VF, XF, and AU, such as this piece, are extremely rare.
Walter Breen described two subvarieties for the With Pole pieces, struck on rolled copper planchets or on spoiled cents. His spoiled cent subvariety, like the thick planchet 1795 coins, should weigh at least 100 grains, compared to the 84 grain standard for the issue. To date, we are only aware of a single thick planchet piece, discussed in Breen's Half Cent Encyclopedia.
This lovely example has reflective fields on both sides, with excellent luster. Aside from the usual minor abrasions resulting from brief circulation, the surfaces are exceptional. Slight weakness is evident at the center of the reverse, but all other design elements are bold.
Ex: Julian Leidman; Jim McGuigan; Benson Collection Sale (Goldberg Coins, 2/2002), lot 32; Stuart Levine (2/2002).
From The Colonel Steven Ellsworth Collection of U.S. Half Cents.(Registry values: P9) (#1027)

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Bidding Guidelines and Bid Increments

Guides and Pricing Information:


Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 1124, Lot 2021 Sunday, May 3, 2009 55 PCGS $103,500.00
Auction 244, Lot 6093 Friday, January 5, 2001 55 NGC $38,000.60
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Price Guide*

Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
53 --- $94,380 $75,500 $68,500 $68,500 $105,000 $109,000
55 $125,000 $115,630 $92,500 $83,500 $84,500 $125,000 $128,000
58 $185,000 $134,380 $107,500 $96,500 $97,500 $140,000 ---
*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 1,390 John Smith Gardner
NGC 55 1 5 11 -
CAC 55 0 1 3 -
*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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Half Cents, 1796 1/2 C With Pole AU55 PCGS....


Half Cents, 1796 1/2 C With Pole AU55 PCGS....


Half Cents, 1796 1/2 C With Pole AU55 PCGS....


Half Cents, 1796 1/2 C With Pole AU55 PCGS....

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