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Lot
7386

1836 50C REED EDGE

2000 Central States Sale #226

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Auction Ended On: May 5, 2000
Item Activity: 7 Internet/mail/phone bidders
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Location: Minneapolis, MN
Description:
Impressive Proof 1836 Reeded Edge Half, One of Perhaps Eleven Known Examples
1836 Capped Bust, Reeded Edge PR 63 NGC. On November 8, 1836, Mint Director Robert Maskell Patterson presented ten specimen strikings of the new Reeded Edge half dollar to Treasury Secretary Levi Woodbury. According to Patterson, the specimens, or proofs, were intended to show the superior striking quality of the new steam press/closed collar combination. Writing in 1977, Walter Breen asserted that he knew of at least 11 examples. Although we do not know the pedigree of the present example, it is one of only 4 examples to receive a PR 63 grade from NGC and it is bettered by 4 pieces (2/00). This is an important representative of this key issue that shows thick charcoal toning over lightly marked surfaces. An abrasion in the lower right obverse field between star 13 and the border should serve as a useful pedigree marker. The striking details are uncommonly strong for the series with finely detailed hair curls on Liberty and fully articulated plumage on the eagle. The minute doubling on the denticles over UNITED and at the base of 50 CENTS, as well as the minute die crack that extends from the rim into the field between STATES and OF, are diagnostic features of this proof issue. A historically significant coin, this rare proof specimen would form the centerpiece of any advanced collection.
Ex: Auction '84 (Paramount, 7/84), lot 667, where it realized $11,000. (PCGS# 6223)

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