1796 1/2 C WITH POLE, BN

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Sold on Jan 4, 2001 for:

$38,000.60 Bid Source: Internet bidder

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Description

Important Choice AU 1796 With Pole Half Cent

1796 1/2 C With Pole AU 55 NGC. B-2a, C-2, R.5. The official half cent mintage for 1796 is 115,480 pieces, a figure that would lead one to think that plenty of pieces should be extant for collectors today. However, calendar year production in the early days of the Mint included many coins struck from previous years' dies that were used until those dies wore out and were then replaced. Research over the past few decades indicates that only 1,390 half cents were actually produced with the 1796 date, and an estimated 100 pieces are thought to be extant today. Regardless of condition, the appearance of a 1796 half cent is an important event any time one crosses the auction block. The example we are now privileged to offer is surely among the top dozen or so pieces known. Unlike a large percentage of survivors, this remarkable coin appears to struck on a perfect, unspoiled planchet. The chestnut-brown surfaces are well detailed in all areas and totally without defects, being just a shade lighter in color in the more protected areas. Population: 1 in 55, 3 finer (9/00).

Coin Index Numbers: (PCGS# 1027, GSID# 447)

Metal: 100% Copper
Weight: 6.74 grams
Weight: 0.23775oz
Mintage: 1,390

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