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Lot
3643

1836 50C Lettered Edge PR63 NGC. O-101, R.1, likely Low R.7 as a proof. ...

2011 June Long Beach Signature US Coin Auction #1156

 
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Auction Ended On: Jun 2, 2011
Item Activity: 7 Internet/mail/phone bidders
3,469 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:

Memorable 1836 Lettered Edge
Half Dollar, O-101, PR63
Ex: Eliasberg, R.7 as a Proof
1836 50C Lettered Edge PR63 NGC. O-101, R.1, likely Low R.7 as a proof. Ex: Eliasberg. This is an early die state of the O-101 die pairing, showing a small tine of metal on the right loop of the 6 in the date, sharp recutting on stars 6, 7, and 11, and two small die lines protruding from the end of Liberty's nose. On the reverse the segments are separated above the last S in STATES, but recutting shows on the left stand of N.
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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