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Lot
2452

1836 50C Lettered Edge PR63 NGC....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Memorable 1836 Lettered Edge
Half Dollar, O-101, PR63
Ex: Eliasberg, R.7 as a Proof
1836 50C Lettered Edge PR63 NGC. Ex: Eliasberg. O-101, R.1, likely Low R.7 as a proof. 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 Cameo. At NGC there are six examples certified, including the present PR63 and five pieces finer (3/09). 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.
From The Scottsville Collection of Proof Bust Coinage.
(PCGS# 6221)

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The Draped Bust Half Dollars of 1796-1797 by Jon Amato

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