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Lot
5239

1794 50C AU50 PCGS. O-101a, R.4....

2014 January 8 - 12 FUN US Coin Signature Auction - Orlando #1201

 
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Auction Ended On: Jan 9, 2014
Item Activity: 14 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:

1794 Half Dollar, O-101a, AU50
America's First Half Dollar Coinage
Beautiful, Well-Preserved Surfaces
1794 50C AU50 PCGS. O-101a, R.4. The O-101 obverse shows star 1 piercing the lowest curl of Liberty's hair, and star 2 is close to curl 2. The reverse is the only 21-berry reverse, the berries arranged 10 left, 11 right.

We are convinced that any collector of American coinage, of virtually any persuasion, would be proud to own this fine example of America's first half dollar coinage. This piece displays beautiful, well-preserved surfaces that show the unmistakable stamp of originality, a coin that would form a superlative new acquisition for virtually any fine numismatic collection.

The half dollars of 1794 are all R.4 or higher, meaning very scarce at a minimum. The Overton-101 and O-101a varieties are both rated R.4, but combining that with the high grade of the present coin makes this quite a conditional rarity. In addition, the 1794 Flowing Hair half dollars are rare as a date, yet they and the 1795 halves form the two-year Flowing Hair subtype. This forces most collectors to seek the more available 1795 halves, which were struck in far greater quantity. It is estimated that 23,464 halves dated 1794 were struck in two deliveries, one of them in early 1795, with the 1795-dated coins numbering nearly 300,000 pieces.

This exemplary coin is certified in a PCGS green-label holder, showing powder-gray to pinkish-gray centers with lavish patina near the rims in shades of mint, aqua, and russet. Light high-point wear is as expected, but there are no mentionable marks (save for a small dig in the obverse field near star 7) and no observable hairlines. Light planchet adjustment marks cross the eagle in a crisscross manner on the reverse, leading to a weak strike on the lower breast and tail feathers. Despite the age of this piece, generous mint luster percolates upward from beneath the moderate patina.
From The Klamath Mountain Collection, Part II.(Registry values: N7079) (PCGS# 6051)

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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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