1836 50C Lettered Edge PR63 NGC. O-101, R.1, likely Low R.7 as a proof. ...
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|Auction Ended On:||Jun 2, 2011|
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Half Dollar, O-101, PR63
Ex: Eliasberg, R.7 as a Proof
This is a common variety as a business strike, but extremely rare as a proof. PCGS has certified nine coins (less duplicates) of the 1836 Lettered Edge, including five in PR63, but only one is attributed as to variety, an O-109 in PR65. At NGC there are eight examples certified, including the present PR63 and six pieces finer (4/11). Of course, all those figures are subject to a critical eye due to crossovers and resubmissions. The Eliasberg catalogers described the coin thusly:
"Rarity-7 or 8 as a Proof striking. Proof-63. A pleasing specimen with full mirror fields, delicately toned, giving way to splashes of electric blue [at] the borders. Brilliant with delicate toning. A splendid coin and in Proof finish, a notable rarity."
That description still holds true today, attesting to the coin's unfooled-with originality. In particular, the fully mirrored fields provide immediate confirmation of this piece's proof status, at least as that term can be applied to pre-1850s coinage. A memorable example from a classic era of U.S. numismatics, and pedigreed to a classic collection of U.S. coins.
Ex: Louis E. Eliasberg, Sr.; Eliasberg Collection (Bowers and Merena, 4/1997), lot 1901; LaBelle Collection (American Numismatic Rarities, 7/2005), lot 1162, which realized $28,750. (PCGS# 6221)
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