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Lot
4555

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

2012 February 2-5 US Coins Signature Auction- Long Beach #1167

 
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Auction Ended On: Feb 3, 2012
Item Activity: 9 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
1838 Pattern Half Dollar, PR66 Red and Brown
Judd-77 Restrike, Pollock-85
1838 P50C Seated Liberty Half Dollar, Judd-77 Restrike, Pollock-85, High R.7, PR66 Red and Brown NGC. Ex: Lemus Collection. On the obverse Liberty is 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. The reverse has an 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.
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.
This is 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. At NGC only this coin, graded PR66 Red and Brown and a specimen graded PR67 Red and Brown have been certified(1/12).
Ex: Stewart Witham; Auction' 81 (RARCOA, 7/1981), lot 315, FUN Signature (Heritage, 1/2009), lot 1516. (PCGS# 11310)

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