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Lot
1516

1838 P50C Seated Liberty Half Dollar, Judd-77 Restrike, Pollock-85, High R.7, PR66 Red and Brown NGC....

2009 January Orlando, FL FUN Auction #1121

 
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Auction Ended On: Jan 7, 2009
Item Activity: 10 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Description:
Magnificent 1838 Seated Liberty Half Dollar Pattern
Judd-77, PR66 Red and Brown
1838 P50C Seated Liberty Half Dollar, Judd-77 Restrike, Pollock-85, High R.7, PR66 Red and Brown NGC.
Design.
Obverse: Liberty seated on a rock with shield and pole. A scroll draped across the shield has the inscription LIBERTY in incuse letters. Thirteen stars around and the date below. Reverse: Eagle with wings spread holding an olive branch and four arrows. The legend UNITED STATES OF AMERICA around and the denomination HALF DOLLAR below. Struck in copper with a plain edge.

Commentary.
All examples seen of this extremely rare pattern show indications of extensive die rust. Judd-77 is a restrike issue produced for sale to collectors in the 1870s. An early auction appearance was in the Parmelee Collection (New York Coin & Stamp, 6/1890), lot 34. The preceding lot in that sale offered a specimen of Judd-76, from the same dies struck in silver. The issue was unlisted in Adams-Woodin and was not displayed in the 1914 ANS Exhibition. USPatterns.com states that four pieces are known to collectors today. The present offering is an opportunity that may not be repeated for years.

Physical Description.
A magnificent specimen, with virtually faultless fields complementing an extraordinary strike. Much original mint red remains, blending gently into pale blue and chocolate-brown. The second finest certified at both services combined. NGC Census: This coin, graded PR66 Red and Brown, as well as a specimen graded PR67 Red and Brown Star. PCGS Population: A single coin graded PR63 Red and Brown (12/08).

Provenance.
Ex: Stewart Witham; Auction' 81 (RARCOA, 7/1981), lot 315.
From The Lemus Collection, Queller Family Collection Part Two.
(PCGS# 11310)

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