1836 50C Reeded Edge PR65 NGC....
Important Numismatic Rarity
This is one of the first proofs struck using the new steam presses installed at the Mint in 1836. These new presses allowed the use of a close collar and made the production of consistently higher-quality coins a realistic goal. To quote Mint Director Robert Maskell Patterson, "this is struck in a close collar, which makes the edge of pieces thicker, and gives a mathematical equality to the diameters."
This is a splendid proof striking. The fields are very deeply mirrored and almost imperceptibly hairlined. Each side is covered with deep shades of blue-gray and golden-rose toning. The outer margins of the coin are a bit darker in hue. The central striking details are unusually strong with finely detailed hair curls on Liberty and fully articulated plumage on the eagle. Frosty luster remains visible beneath the toning on the central devices. The stars on the obverse, however, are quite weak and incomplete for a proof striking. An extraordinary proof striking of one of the most numismatically desirable coins from the 19th century. Census: 2 in 65, 0 finer (11/12).
From The Greensboro Collection, Part II.
Subsequent to this auction, NGC determined this coin was not a proof and paid the owner to allow NGC to reholder the coin as mint state. (PCGS# 6223)
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The Draped Bust Half Dollars of 1796-1797 by Jon Amato is the culmination of more than 10 years of research into the Draped Bust Small Eagle half dollar series, one of the most coveted type coins in American numismatics and one about which remarkably little has been written.
This work will be the premier reference for 1796-1797 half dollars for years to come. Institutions having an extensive numismatic library or coin cabinet will find it a valuable complement to their holdings, and catalogers charged with writing up specimens for auction can now have an indispensable source of background and pedigree information. Likewise, coin dealers seeking to purchase one or more '96 or '97 half dollars for a client or for inventory, and collectors who own, have owned, or desire to own one will want this important reference work for their libraries.
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