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Lot
33423

1805/4 50C MS65 NGC. CAC. O-101, R.3....

2013 November 15 - 16 Selections from the Eric P. Newman Collection Part II Signature Auction - New York #1190

 
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Auction Ended On: Nov 15, 2013
Item Activity: 12 Internet/mail/phone bidders
745 page views
Location: Ukrainian Institute of America at The Fletcher-Sinclair Mansion
2 East 79th Street
New York, NY 10075

Description:
1805/4 O-101 Half Dollar, MS65
Tied for Finest Known
1805/4 50C MS65 NGC. CAC. O-101, R.3. Ex: "Col." E.H.R. Green. Careful examination reveals faint obverse clash marks with no die cracks or polishing lines. The reverse also shows faint clash marks with no other die defects. This amazing Gem has brilliant silver mint luster that shines through the deep golden-brown and iridescent toning on each side. The strike is exquisite and the surfaces are splendid with only a few inconsequential handling marks. Here is an amazing Draped Bust, Heraldic Eagle half dollar: a true centerpiece for an extraordinary cabinet.

At least two obverse dies were created with the 1804 date, as two different 1805/4 obverse dies are identified today. The O-101 and O-102 varieties are each more plentiful than O-103, but only about 1,000 pieces survive of all three varieties in all different grades. The Eric P. Newman specimen and the Eliasberg specimen, both certified MS65 NGC, are the finest known 1805/4 half dollars. There are also two pieces certified MS65 PCGS according to that firm's population data. We doubt that there are four MS65 1805/4 half dollars in existence as the certified data might suggest. We believe that the Newman and Eliasberg coins are the only two Gem examples known today, and that they are the two finest 1805 half dollars that exist of any variety. When we offered it in August 1998, the Eliasberg specimen was called the finest known 1805/4 half dollar. The coin realized over $100,000 at a time when few coins reached the six figure mark.

B. Max Mehl, was fond of writing that the 1805/4 half dollar was "the closest a collector could come to an 1804 half dollar." He was obviously making that statement in an attempt to borrow from the fame and fortune of the 1804 silver dollar. Today, the 1805/4 is well known to collectors and stands on its own as an important numismatic delicacy. Silver deposits were minimal in 1804, as evidenced by the low production of dimes, quarters, and silver dollars (dated 1802 or 1803). There were no half dimes or half dollars minted in 1804, although half dollars were obviously intended. The finest certified 1805 Normal Date half dollars reach the MS63 grade level, making these overdates the finest 1805 half dollars in existence.
Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $40.00; Eric P. Newman Numismatic Education Society. (Registry values: N14284) (NGC ID# 24EH, PCGS# 6070)
Items being sold are from the extensive collection of Eric P. Newman Numismatic Education Society (a Missouri not-for-profit corporation) and have been assembled over a period of 90 years. Proceeds of the sale of all items will be used exclusively for supplementing the Society’s museum operations and scholarly numismatic research efforts and for the benefit of other not-for-profit institutions selected by Eric P. Newman Numismatic Education Society for public purposes.

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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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