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Lot
4502

1811 50C Small 8 MS67+ PCGS. CAC. O-110a, R.2....

2013 June 5 - 9 US Coin Signature Auction - Long Beach #1186

 
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Auction Ended On: Jun 6, 2013
Item Activity: 12 Internet/mail/phone bidders
2,284 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

1811 Capped Bust Half, MS67+
Finest Certified at PCGS
Popular O-110a Variety
1811 50C Small 8 MS67+ PCGS. CAC. O-110a, R.2. A substantial mintage of just over 1.2 million Capped Bust half dollars was accomplished in 1811, with 10 obverse and 10 reverse dies combining to produce a total of 13 separate die varieties for the date. This high-end Superb Gem represents the O-110a variety, with the letters in the date slanted to the left and a die break from the edge near the olive leaves through the top of UNITED on the reverse. The O-110a is not difficult to locate in lower Mint State grades, but it is extremely rare in MS67 and virtually unobtainable any finer.

The Capped Bust half dollars were the largest U.S. silver coins after production of silver dollars was suspended in 1804. Most years saw large mintages, with a high proportion of the coins being used as bank reserves, and relatively few actually circulating. This trend was reversed when silver dollar coinage resumed after 1840. The larger silver dollars then took over the role of currency reserves and many half dollars were released into circulation in later years..

Collectors prized the Capped Bust halves from the time coin collecting first became popular in the 1850s. An example of the 1811 appeared as early as the A.C. Kline Sale (Moses Thomas & Sons, 6/1855), lot 291. The popularity of the date has grown continually over the years, with higher and higher prices realized at succeeding offerings. Recent sales include the magnificent MS68 NGC coin in lot 3844 of the FUN Signature (Heritage, 1/2009), which realized $92,000.

This coin is a spectacular high-end Superb Gem and the single finest specimen certified at PCGS (4/13). The design elements exhibit razor-sharp definition in most areas, with just a touch of softness on the lefthand stars. The well-preserved surfaces are brightly lustrous, with no mentionable flaws. A few hints of pale gold and lavender patina enhance the incredible eye appeal. This coin is a candidate for the finest collection or Registry Set. (PCGS# 6097)

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The Draped Bust Half Dollars of 1796-1797 by Jon Amato

The Draped Bust Half Dollars of 1796-1797 by Jon Amato is the culmination of more than 10 years of research into the Draped Bust Small Eagle half dollar series, one of the most coveted type coins in American numismatics and one about which remarkably little has been written.

This work will be the premier reference for 1796-1797 half dollars for years to come. Institutions having an extensive numismatic library or coin cabinet will find it a valuable complement to their holdings, and catalogers charged with writing up specimens for auction can now have an indispensable source of background and pedigree information. Likewise, coin dealers seeking to purchase one or more '96 or '97 half dollars for a client or for inventory, and collectors who own, have owned, or desire to own one will want this important reference work for their libraries.

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