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Lot 539 |
1825 50C VF20 ANACS. O-118, R.8, One of Three Known....
2008 May Long Beach, CA Signature Auction #1108
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Bid Information
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What's This?
The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.Our Auction Results Archives now allow our members to make anonymous offers on items that may not be auctioned again for some time. Please note that the winner of this Heritage auction lot may or may not still own this item and may or may not be willing to sell.
This Make Offer to Owner (MOTO) program is still in the Beta Test phase, and we would appreciate any suggestions to help us improve our system. Please email your suggestions to Webmaster@HA.com.
Heritage retains 10% of the total price as its commission (compared with a 12%-25% Buyer's Premium charged on auction transactions), from which Heritage absorbs all credit card/PayPal costs. This service is free to the buyer (no Buyer's Premium), includes a 7 day return policy, and protects the identity of both parties. Because no Buyer's Premium is charged on Make Offer to Owner transactions, auction consignment discount coupons are invalid.
Our software allows offers and counter-offers, but we suggest making your best offer the first time as most owners will not respond to low offers at all. You will receive a response or no-response email from Heritage within 72 hours.
BP - Buyer's Premium
A Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.Not Sold
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| Sold for: |
$69,000.00
(includes BP  ) Bid Source: Live: Phone |
| Auction Ended On: | May 28, 2008 |
| Item Activity: |
10 Internet/mail/phone bidders
8,749 page views |
Description:
Extremely Rare O-118 1825 Half Dollar VF20
Only the Third Known Example
1825 50C VF20 ANACS. O-118, R.8, One of Three Known. The O-118 1825 half is one of only three R.8 varieties within the entire Capped Bust half series. The O-149 1827 and the O-120 1829 are the other two R.8 varieties. For the 1825, Overton-118 is identified by a heavy vertical die break between the 25 in the date. Two Bust half experts, Glenn Peterson and Brad Karoleff, believe the break occurred during hardening of the die prior to use. This die break undoubtedly led to early disposal of the obverse die. The reverse die continued in use, paired with a different obverse to strike O-103. The workhorse reverse die earlier struck the 1824 O-116.Just three examples of O-118 are known. Al Overton, who died in 1972, was unaware of the variety. According to an April 7, 2008 Coin World article, the discovery piece was found at an Oregon coin shop by Olin Carter, circa 1983. Per Capped Bust authority Sheridan Downey, "it is the Overton plate coin, graded Fine for sharpness but with dull, washed out surfaces."
The second O-118 to surface was sold unattributed within a group lot to Charles Erb, circa 1990. Erb's example found its way to Charlton "Swampy" Meyer Jr., who owned the most complete die variety collection of Capped Bust halves. According to Downey and Coin World, that example "grades VF with attractive album toning on the obverse. The reverse is lightly wiped."
The April 7 Coin World article states, "based on the conditions of the other two examples of the variety, the new discovery [of O-118] would be the finest known. ... Sheridan Downey believes the new discovery ... could bring from $75,000 to $100,000."
The present piece, the third known O-118 1825 half, displays deep apple-green and gunmetal-gray toning. The fields are slightly glossy and exhibit a few hair-thin marks, made nearly imperceptible by the toning. A thin, slender mark near the ear is also unobtrusive. Wear is even and moderate, with ample plumage definition present on the eagle.
To the best of our knowledge, this is the first major auction appearance for the variety, which was absent from the extensive and formidable die variety collections of Jules Reiver and Russell Logan. The next owner of the present lot may hold it for many years, then sell it privately or even donate it to a museum and permanently take it off the market. The opportunity to acquire an O-118 1825 at public auction is here, but fleeting.(Registry values: N208) (#6142)
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Shipping Description: Coins & Currency (view shipping information)
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Grade | Service | Realized |
|---|---|---|---|---|
| Auction 131147, Lot 26991 | Tuesday, November 22, 2011 | 20 | ANACS | $89.00 |
| Auction 211013, Lot 24649 | Tuesday, January 18, 2011 | 20 | ANACS | $138.00 |
| Auction 131143, Lot 28377 | Tuesday, October 25, 2011 | 20 | PCGS | $104.00 |
| Auction 211014, Lot 26186 | Tuesday, January 25, 2011 | 20 | PCGS | $253.00 |
| Auction 210023, Lot 24116 | Tuesday, February 16, 2010 | 20 | NGC | $94.00 |
| View prices realized from this item in other grades (you must be signed in) | ||||
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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.
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BP - Buyer's Premium
A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions.Price Guide*
| Grade | Coin World (Coin Values) |
Numismedia Retail |
Numismedia Wholesale |
Numismedia NGC (nmn) |
Numismedia PCGS (nmp) |
PCGS Price Guide |
PCGS+ |
|---|---|---|---|---|---|---|---|
| 15 | --- | $95 | $81 | $73 | $73 | $90 | --- |
| 20 | $125 | $120 | $100 | $91 | $91 | $100 | --- |
| 25 | --- | $134 | $112 | $102 | $102 | $115 | --- |
| *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 | 2,900,000 | John Reich | ||||
| NGC | 20 | 8 | 945 | 968 | - | ||
| CAC | 20 | 0 | 53 | 53 | - | ||
| *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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We changed the way we image slabbed coins on February 1, 2010, in order to get a more accurate image of the coin. To get the sharper details and more accurate colors we have focused the lighting on the actual coin, which has caused the top of the holders to appear darker and milky. Please disregard the color of the holders when examining the images.
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