1916 50C Walking Liberty Half Dollar, Judd-1992, formerly Judd-1797, Pollock-2053, Low R.7, PR58 NGC....
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Reserve (If Any) Not Posted Yet:
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Consignor Has Not Yet Submitted a Reserve:
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
Reserve Not Met:
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $9) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- You may take up to four (4) months to pay the balance (monthly payments of at least 1/4th of invoice total).
- Minimum down payment is 25% within two weeks of the sale date. All down payments made beyond this 2 week window will require a 35% down payment, and the term will be shortened to 3 months.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- Heritage will maintain possession of all the lots until paid in full. Therefore, you must notify us of your intent to use our Extended Payment Plan on or before the day of the auction. All pre-shipped material must be returned to Heritage in order for the plan to be in effect.
- When you get your electronic invoice, select "other" from the payment options.
- Send an e-mail to EPPGroup@HA.com indicating the invoice number and your intention to use the Extended Payment Plan.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- You may take up to 6 months to pay the balance (monthly payments of at least 1/6th of invoice total).
- Minimum down payment is 20%.
- Payments (including the down payment) must be made on-time per your specific EPP schedule (there will be a brief grace period).
- Payments must be made using one or a combination of the following payment methods: cash, check, cashier's check, eCheck, money order, bank draft, bank wire or PayPal.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Note: The extra increment won't be placed until the item is up for live bidding, so it is possible that you could be outbid by a bid placed prior to live bidding, such as another proxy bid, live proxy bid, mail bid, etc., which could result in your losing the lot by that one increment. For the same reason, it is also possible that a currently losing bid with bid protection placed could potentially win the lot once the lot is subject to live bidding and the Bid Protection increment(s) is placed.
The 'LiberTy' Half Dollar Pattern, Low R.7
Design. The obverse is similar to the regular issue, but LIBERTY, with a tall T extending over the RY, is moved to the right obverse field, in back of the walking figure of Liberty and above IN GOD WE TRUST. The digits in the date are tall, tightly spaced, and thick. The reverse design is broadly similar to the regular issue, but there are many differences. UNITED STATES OF AMERICA is spread out in a wider arc along the periphery, with periods before and after. The extra room is provided by the moving of HALF DOLLAR to a second inner arc above the eagle and below STATES OF A, and E PLURIBUS UNUM, in small letters, is moved to the bottom rim. There is no AW monogram by the tip of the eagle's tail. Struck in silver with a reeded edge.
Commentary. The www.uspatterns.com website notes that the "Judd-1797A number used in earlier editions of Judd was a misdescription of this." Just to be clear, this coin combines the obverse design as described under Pollock-2054 with the reverse design as described under Pollock-2055. The current and equivalent Judd listing is Judd-1992, where it is noted that these coins are "believed to have been struck between July 27 and August 18, 1916."
This popular pattern is called the "LiberTy" type for obvious reasons. But the Bowers and Merena cataloger, in describing the Pryor and Evans specimens (Nos. 3 and 5 below), noted a more abstruse appellation:
"The WurliTzer connection (?): The T in LiberTy is overly large, possibly adopted from the WurliTzer logotype?
"The music house of WurliTzer was founded in 1856 in Cincinnati by Rudolph Wurlitzer, who came from Germany in 1853. The WurliTzer connection with the above 1916 pattern is not far fetched. Farny Wurlitzer (named from Henry Farny, the famous American artist who was his maternal grandfather), who was in charge of the firm's plant in North Tonawanda, NY, from 1909 until the 1960s, told Q. David Bowers that an advertising copy writer came up with the idea of a large T in WurliTzer as a distinctive way of spelling the name--this was well before the 1916 pattern half dollars in question--and that over the years when Mr. Wurlitzer saw others copy the large letter T he would write them a little note of recognition ... . The use of erratic letter sizes recurs various times in American numismatics, including 'oF' in the reverse lettering of both the 1948 Franklin half dollar and the 1959 Memorial reverse of the Lincoln cent."
Physical Description. Shades of amber, gold, and lilac glow on the surfaces of this lightly circulated proof. A small dark toning spot immediately beneath Liberty's flag, just above and right of the intersection with a ray of the sun, serves as a pedigree identifier. Just a touch of rub on the highest points attests to a brief time in circulation before this rare pattern was fortunately recognized for what it was--or, alternatively, the specimen could have been carried as a pocket piece for a short while.
Noted pattern collector Rogers M. Fred, Jr. provided interesting insights into the manner by which various 1916 patterns entered circulation, in a letter originally quoted by Bowers in his "Numismatic Depth Study" in Coin World, Oct. 9, 1974:
"Living in Leesburg [Virginia] at the present time are Mr. and Mrs. Charles Robb, who are good friends of mine. Their son, Chuck, married Lynda Johnson, daughter of President Lyndon Johnson. Frances Robb (Mrs. Charles Robb, Sr.) is the daughter of Mr. [Robert Wickliffe] Woolley, who was director of the Mint in 1916 ... Mr. Woolley is dead now, but I knew him myself when we both lived in Washington in the 1930s and 1940s.
"I have talked to Frances Robb many times about her father and coins, and she told me that in the 1920s her father's house was robbed. Among the things taken was a box containing coins. The thieves were not really interested in the coins as such, but since the robbery was of a general nature they took anything that had value and could be disposed of easily.
"Mrs. Robb has said that her father had patterns of 1916 coinage in that box ... . The 1916 patterns are very similar in design to the regular issue and it is reasonable to assume that the thieves thought that the coins were just regular issues and simply spent them. This would explain how the coins got out of the Mint ... ."
While the present piece is just a whisper away from Mint State, it is worth noting that some pattern examples of 1916 Walking Liberty halves and 1916 Mercury dimes are known in the range of Very Good to Fine.
Census. Only six or seven pieces are likely in private hands, as the first two Smithsonian pieces below are off the market. The following census is expanded from USPatterns.com.
1. Smithsonian Institution, 1985.0551.0756.
2. Smithsonian Institution, 1985.0551.0757.
3. King Farouk; Palace Collections of Egypt (Sotheby's, 2/1954), lot 2026 (two pieces?); William Mitkoff (4/1974); James Bennett Pryor Collection (Bowers and Merena, 1/1996), PR63 PCGS, lot 329; Southern Collection; Samuel Berngard and S.S. New York Collections (Stack's, 7/08), lot 4250, PR64 NGC.
4. Robert Marks Collection, Part II (American Auction Association [Bowers and Ruddy], 11/72), lot 1080; Superior (10/1990), lot 1888; Superior (7/1993), lot 468, $35,200. PR63 PCGS.
5. Morris Evans Collection (Rarities Sale, Bowers and Merena, 8/1998), lot 2100, $40,250; later, Kagin's, PR64 NGC; Kennywood Collection (American Numismatic Rarities, 1/2005), lot 1180; Long Beach Signature Auction (Heritage, 6/2005), lot 7457; Baltimore ANA Auction (Heritage, 8/2008), lot 2165. PR65 NGC.
6. Superior (8/1991). VG8 NGC.
7. Anaconda Rare Coins (8/2003); FUN Signature Auction (Heritage, 1/2007), lot 1631, unsold. PR53 NGC.
8. Provenance unknown. The present specimen.
From The Lemus Collection, Queller Family Collection Part Two. (PCGS# 62290)
Service and Handling Description: Coins & Currency (view shipping information)