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Lot 743 |
1892-O 50C Micro O MS65 NGC....
2008 May Long Beach, CA Signature Auction #1108
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Bid Information
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It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
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No Reserve:
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A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserve Met:
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
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What's This?
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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
This indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.Opening Bid
The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate.
| Sold for: |
$92,000.00
(includes BP  ) Bid Source: Live: Floor |
| Auction Ended On: | May 28, 2008 |
| Item Activity: |
12 Internet/mail/phone bidders
6,522 page views |
Description:
Extremely Rare Gem 1892-O Micro O Half
1892-O 50C Micro O MS65 NGC. This legendary rarity was known as early as 1893, when Augustus G. Heaton mentioned it in his landmark treatise, Mint Marks. He wrote, "there is one rare variety of this piece [the 1892-O half] with an exceedingly small o, hardly larger than a period." When writing his 1988 Encyclopedia, Walter Breen's formidable memory neglected Heaton's remark. He credited large cent specialist Howard Newcomb with the discovery, circa 1914.Like other known Uncirculated Micro O halves, the present piece is moderately prooflike. This suggests that few pieces were struck, since any later strikes would instead display cartwheel luster. The obverse features light pearl-gray and golden-brown patina. The reverse has similar but deeper toning. Careful study beneath a loupe fails to reveal relevant marks, although the strike is slightly soft in the vertical area between the right shield corner and the fletchings. Encapsulated in an old pre-hologram NGC holder that omits the Micro O designation! Census: 1 in 65, 1 finer (4/08).
Only a handful of Mint State 1892-O Micro O half dollars have appeared at auction since 1986. Ranked in order of prices realized, these include:
1. MS67 PCGS. William C. Atwater Collection (B. Max Mehl, 6/1946), lot 581; James A. Stack Collection (Stack's, 3/1975), lot 572; Queller Family Collection of U.S. Half Dollars (Stack's, 10/2002), lot 723; LaBelle Collection (American Numismatic Rarities, 7/2005), lot 1186, which realized $97,750.
2. MS65 NGC. Long Beach Sale (Paramount, 1975), lot 870; Auction '86 (Paramount, 7/1986), lot 1659; Dr. Thaine B. Price Collection (David Akers, 5/1998), lot 125; FUN Signature (Heritage, 1/2005), lot 4200, which realized $69,000.
3. MS67 Uncertified. Lyman H. Low, 7/1903; J.M. Clapp; John H. Clapp; Louis E. Eliasberg, Sr., Collection (Bowers and Merena, 4/1997), lot 2065, which realized $59,400.
4. MS65 NGC. The present coin. Moreira Sale (Superior, 1/1989), lot 4524; Jascha Heifetz Collection (Superior, 10/1989), lot 3770, which realized $20,900.
5. MS62 NGC. Robert W. Schwan Collection (Bowers and Merena, 10/2000), lot 1339, which realized $10,350; Central States Signature (Heritage, 5/2007), lot 2138, unsold.
Earlier Uncirculated auction appearances, which may be duplicates of those listed above: Empire Collection (Stack's, 11/1957), lot 1487; R.E. Cox, Jr. (Stack's, 4/1962), lot 2044; Reed Hawn Collection (Stack's, 8/1973), lot 320; Auction '81 (Superior, 7/1981), lot 755. Those lots are plated in their respective catalogs, but the photo quality does not allow positive identification.
From The Silbermünzen Collection.(Registry values: P8) (#6463)
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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 1151, Lot 5571 | Sunday, January 9, 2011 | 65 | NGC | $63,250.00 |
| Auction 360, Lot 4200 | Saturday, January 15, 2005 | 65 | NGC | $69,000.00 |
| Auction 1143, Lot 3174 | Sunday, August 15, 2010 | 65 | PCGS | $80,500.00 |
| 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+ |
|---|---|---|---|---|---|---|---|
| 64 | $45,000 | --- | --- | --- | --- | $67,500 | $75,000 |
| 65 | $65,000 | --- | --- | --- | --- | $100,000 | --- |
| 66 | --- | --- | --- | --- | --- | --- | --- |
| *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 | 390,000 | Charles E. Barber | ||||
| NGC | 65 | 1 | 1 | 12 | - | ||
| CAC | 65 | 0 | 1 | 8 | - | ||
| *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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