LOT #4499 |
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1802 50C O-101, T-1, R.3, MS60 PCGS....
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Sold on Jun 9, 2016 for:
$51,700.00
Bid Source: HA.com/Live bidder
Description
1802 Draped Bust Half, MS60
O-101, Uncirculated Early-Date Rarity
Second-Finest Known
1802 50C O-101, T-1, R.3, MS60 PCGS. Tompkins Die State 1/1.
A single die pair produced 29,890 half dollars in 1802, resulting
in one of the great Mint State rarities of the early Bust half
series. A challenging issue even in circulated grades, the 1802
half dollars were stalwarts of domestic commerce, and nearly the
entire mintage circulated heavily. The master dies were the same
for 1801 and 1802 half dollars. The 1802 shares the same reverse as
the scarce 1801 O-102 half, with the base of A in AMERICA embedded
in the wing feathers. It is the only die pair for the year.This Uncirculated representative displays lightly mottled olive-gold, rose, and slate-gray iridescence, through which traces of satin luster shine at most angles. The impression is nicely centered on both sides, and the central features are crisply detailed. There are no adjustment marks on either side. With just two other certified Mint State coins known, this example ranks high on any Condition Census of 1802 half dollars -- a coin that would be a centerpiece of any Bust half collection. Auction catalogs have long touted the rarity of this issue in high grades, although it remains underrated even today. No other date from the early series 1794 to 1807 shows fewer Mint State representatives on the combined population reports. Repeat ... none! Population: 1 in 60, 1 finer (4/16).
Ex: Sold privately to Ray F. Spring by New England Rare Coin Company (3/1996); FUN Signature (Heritage, 1/2002), lot 6905; The Eugene H. Gardner Collection, Part III (Heritage, 5/2015 as MS60 NGC), lot 98440.
Coin Index Numbers: (NGC ID# 24EE, Variety PCGS# 39269, Base PCGS# 6065, GSID# 193714)
Metal: 89.24% Silver, 10.76% Copper
Weight: 13.48 grams
ASW: 0.38676oz
Mintage: 29,890
Auction Info
2016 June 8 - 12 Long Beach Expo US Coins Signature Auction - Long Beach #1236 (go to Auction Home page)
Auction Dates
June, 2016
8th-12th
Wednesday-Sunday
Bids + Registered Phone Bidders: 26
Lot Tracking Activity: N/A
Page Views: 1,786
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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