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Lot
2017

1796 50C 15 Stars VF25 PCGS....

2008 September Long Beach, CA US Coin Signature Auction #1116

 
Sold for: $86,250.00 (includes BP )
Bid Source: Internet bidder
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Auction Ended On: Sep 18, 2008
Item Activity: 9 Internet/mail/phone bidders
3,193 page views

Description:

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Pleasing 1796 Half Dollar
VF25, O-101, R.5

1796 50C 15 Stars VF25 PCGS. O-101, R.5. Following a relatively high production for the 1795 Flowing Hair half dollar (nearly 300,000 pieces), mintage of the 1796-1797 Draped Bust Small Eagle design type totaled only 3,918 coins. No half dollars at all were minted in 1798 through 1800, and when the denomination resumed in 1801, the Small Eagle reverse was replaced with a Heraldic Eagle.
The small mintage of 1796 and 1797 halves presents a significant obstacle to collectors seeking to complete a type set of U.S. coinage. Indeed, many, if not most, type collections lack this important key. Date and variety specialists create additional demand.
Ocean-blue shades embrace the fields of the present offering, while the lightly toned devices are pearl-gray. This example is sharp for its designated grade, since the denticles are individually distinctive, and Liberty's hair and the eagle's wings exhibit considerable inner detail. No adjustment marks are evident, and the few contacts scattered about are in line with what is expected for a coin that has seen light to moderate circulation. For pedigree purposes, we mention a couple of marks on Liberty's middle chest, another to the upper left of star 11, and a small cluster between the eagle's head and right (facing) wing.
As seen on most survivors of the O-101 marriage, a die crack begins at the rim near 3:30 and reaches star 13, then continues down through stars 14 and 15 into the curve of an inner drapery fold, with a bold branch crack to the rim at 5 o'clock. A second arc-shaped die crack is noted above Liberty's shoulder. This latter crack is not mentioned in the standard Overton reference, but is visible on the plate coin for O-101. The above reference also mentions a "small die defect" in the lower fold of Liberty's drapery (just above the 6 in the date). This "defect" is actually part of the network of aforementioned cracks.
This is a pleasing specimen that will delight the new owner. Encapsulated in a green label PCGS holder.
Ex: James Kelly (11/1957), lot 1588; R.E. Cox, Jr. Collection, Metro New York Numismatic Convention (Stack's, 4/1962), lot 1756.
From The Menlo Park Collection.
(#6057)

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Service and Handling Description: Coins & Currency (view shipping information)

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Previous Prices from Heritage Auctions

Lot Date Grade Service Realized
Auction 414, Lot 5220 Monday, August 14, 2006 25 PCGS $63,262.65
View prices realized from this item in other grades (you must be signed in)
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.

Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)

Source Date Grade Service Realized
Unconfirmed Friday, March 23, 2007 25 NGC $51,175.00
PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and 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+
20 $65,000 $80,630 $64,500 $58,500 $58,500 $67,500 ---
25 --- $85,880 $68,700 $62,700 $62,700 $72,500 ---
30 --- $95,630 $76,500 $70,500 $70,500 $80,000 ---
*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 3,918 Robert Scot
NGC 25 1 13 18 -
CAC 25 0 2 4 -
*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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