1839-O 50C PR65 NGC....
Bid InformationFor your convenience, the bid information on this page automatically refreshes with the most up to date data so you don't have to refresh/reload this page.
Minimum Next BidBid increments determine the lowest amount you may bid on a particular lot. Normally, bids must be at least one bidding increment over the Current Bid. However, podium, fax, phone and mail bidders submit bids at various times without knowing the current bid and must be on-increment or at a half increment (called a Cut Bid). Any podium, fax, phone, or mail bids that do not conform to a full or half increment will be rounded up or down to the nearest full or half increment.
Internet bids are required only to bid the increment past the Current Bid, or more. Internet bids greater than one increment over the Current Bid can be any whole dollar amount.
It is possible under several circumstances for winning bids to be between increments. It is also possible for an existing bid to be outbid by less than a full increment, sometimes by only $1. This usually happens when two bidders feel that a lot is worth about the same amount, but one places an off-increment bid. Generally when this happens, the Current Bid was much lower than the high secret maximum bid when the off-increment bidder placed his bid.
For example: On Tuesday, you bid $1500 against Bidder A's Maximum Bid of $1000, raising Current Bid to $1100. Then on Thursday, Bidder B, seeing a Current Bid of $1100, guesses the final price and decides to bid $1501, outbidding your Maximum Bid by $1. You would now have to bid $1600 through Heritage Internet bidding or $1550 on Heritage Live (if available for the auction) to possibly win that lot. Next time, maybe you'll bid $1502 and outbid Bidder B by $1!
Number of BiddersThis number represents the number of individual bidders prior to the close of Internet bidding on each lot. An individual who bids more than once is still counted only once. During the live session, only the winning bidder is included in this number, although detailed records are kept of all forms of bids.
Although many lots will not get reserves, this signifies that we have not yet posted any reserves to this entire auction. Reserves are usually posted approximately 3 days prior to the closing for Internet-only auctions, and approximately 7 days prior to the live session for Signature auctions. At that point, any unmet Reserve will become both the price shown (with an asterisk) and the Minimum Next Bid, regardless of any previous bids.
Although the consignor's agreement allows a reserve on this lot, the deadline for submitting such a reserve has elapsed. If consignor submits a reserve post-deadline and the item fails to meet that reserve, we may charge the consignor a higher reserve fee.
This lot is being sold without a consignor reserve. (Note: By law, consignors may still bid under certain conditions, but they are responsible for paying the full Buyer's Premium and Seller's Commission if they do.)
A reserve has been posted on this lot, but no bids have met the reserve. The current bid has been set to the reserve amount, and the next bid will meet the reserve.
Reserves have been posted for this auction, and there is a reserve on this lot that has already been met.
Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
What's This?The owner of this item has indicated that they would sell this item at the amount, although their acceptance of your offer is required before the item can be purchased.
BP - Buyer's Premium per LotA Buyer's Premium will be added to each successful bid. For this sale: 15% of the successful bid (minimum $14) per lot. Please see #2 in our Terms & Conditions.
Not SoldThis indicates an item that did not sell at auction because it did not receive bids equal to or greater than the reserve (minimum bid) amount set by the consignor, or the opening bid.
Opening Bid:Lots bearing estimates and without Consignor Reserve shall open at Auctioneer's discretion (usually 25% to 60% of the low estimate).
Extended Payment Plan
Available on select items as noted on the item page in the bidding area.
- Minimum invoice total is $2,500.
- Subject to a refundable 3% set-up fee, which will be paid as part of your 1st monthly installment. This fee will be refundable upon completion of the plan if the following conditions are satisfied:
- There is no penalty for paying off early.
- Non-dealers only
- With pre-approved credit application
- Get pre-approved by filling out a credit application.
- Bid normally and win some lots.
- When you get your electronic invoice, select "other" from the payment options.
Note: This offer may not be available on some items.
Terms and Conditions
Extended Payment Plan for Heritage Owned Inventory Items(excludes Virtual Bourse, Comic Market and Virtual Sports Show)
- Minimum invoice total is $2,000.
- Minimum down payment is 20%.
- There is no penalty for paying off early.
- Non-dealers only
SMS Alerts- Receive a text message approximately 35 lots ahead of your item being up for bidding at auction, with a link to bid in Heritage Live in the text message. Haven't registered? Visit MyProfile to sign-up for free by entering your mobile number. The green icon indicates Live Bidding Text Alerts are on for that lot. Live Bidding Text Alerts are only available for lots in live sessions.
Extremely Rare Branch Mint Proof
Finest of Four Examples Known
This lack of recognition may stem from the fact that the 1839-O proofs were accompanied by a large business-strike emission, while the 1838-O was never struck in regular-issue format. The 1839-O proof is actually a much rarer issue, with only four confirmed survivors, compared to at least nine examples of the 1838-O. The 1839 -O is so rare that it has been out-of-sight, out-of-mind in the numismatic community for most of its history. Although the four confirmed examples have all appeared at auction in the last four years, precious little has been written about them, and much of the published information is ambiguous or questionable.
When Walter Breen studied this issue for his proof reference in the 1970s, he made mention of a specimen he examined in the Philip Straus Collection that was struck in medal turn, with the devices aligned in a 360 degree rotation. By the time he wrote his Complete Encyclopedia in 1988, he believed that all examples were struck in medal turn. This is definitely not the case for the four examples we have tracked in our roster below, all being struck in the normal 180 degree coin turn. The Straus example has never surfaced, and we are convinced Breen must have been in error about the die alignment.
It was always believed that the 1839-O proofs were all coined at the same time, since they were struck from the same dies. Comparing the four coins that have appeared at auction recently casts some doubt on that piece of conventional wisdom, as well. The coin in lot 2163 of the Long Beach Signature Auction (Heritage, 9/2008) shows incomplete detail in the hair around Liberty's ear, and the stars appear spindly and small when compared to the devices on the other specimens in the roster. The coin is sharply struck, but the dies themselves seem to lack the fine detail seen on the other coins. This is probably the result of lapping, to remove die cracks or clash marks. The proof dies were used to strike regular issue coins as well as proofs in 1839. It seems likely that some proofs were struck from newly delivered, polished dies. Then the dies were used in business-strike production, developing some cracks or clash marks, and subsequently lapped and polished before striking a few more proofs. No records were kept of specific proof strikings during this period, so it is impossible to say exactly when the 1839-O proofs were struck. We know the obverse dies were not delivered until March 1839, and the reverse dies were effaced on February 21, 1840, so there is no possibility of a restrike issue at a later date.
The present coin is a magnificent Gem, with a razor-sharp strike that imparts fine definition to each individual hair strand in Liberty's curls. All the stars have full centrils and the date is bold. The mintmark is double-punched, with the extra outline showing along the lower curve. The reverse is equally sharp, with exquisite definition on the eagle's feathers and talons. The surfaces are toned in iridescent shades of blue, champagne-gold, russet, green, and violet in a stunning play of colors. The fields are brightly reflective under the patina, and show only the most insignificant signs of contact. Visual appeal is terrific. This coin is the finest known specimen of this rare and important proof issue and it should find a home in the finest collection of Capped Bust, Reeded Edge half dollars. Census: 1 in 65, 0 finer (12/11).
Census of Proof 1839-O Half Dollars
This census contains the four distinct proof 1839-O half dollars known, as well as two earlier, untraced sightings that may or may not correspond with those below.
1. PR65 NGC. Ellis Robison Collection (Stack's, 2/1982), lot 1607; Queller Family Collection (Stack's, 10/2002), lot 448; Pre-Long Beach Sale (Ira and Larry Goldberg, 2/2008), lot 2177; the present coin.
2. PR64 NGC. Salisbury/Woods Collections (Bowers and Merena, 9/1994), lot 1214; Baltimore ANA Signature Auction (Heritage, 7/2008), lot 1690.
3. PR63 NGC. Krouner Collection (Lester Merkin, 2/1971), lot 736; Public Auction Sale (Stack's, 9/1992), lot 358; George Byers Collection (Stack's, 10/2006), lot 1098; Long Beach Signature Auction (Heritage, 9/2008), lot 2164; Los Angeles Signature Auction (Heritage, 7/2009), lot 1119. The Breen Proof Encyclopedia Plate Coin.
4. PR62 NGC. Long Beach Signature Auction (Heritage, 9/2008), lot 2163.
A. Proof. F.C.C. Boyd; World's Greatest Collection (Numismatic Gallery, 5/1945), lot 411; Christian Allenburger (B. Max Mehl, 3/1948), lot 1936; R.E. Cox (Stack's, 4/1962), lot 1875. Walter Breen believed these descriptions were all of the same coin, but the first two appearances were not plated, and the catalogers of the Cox specimen report that the consignor was told it was the Allenburger coin, but they could not verify that claim. The plate of the Cox coin shows an unsightly planchet void near the eagle's head. Considering the painstaking process employed in striking proofs of this era, it seems unlikely that the coiners would select a damaged planchet to strike a proof coin. The Cox specimen may be a prooflike business-strike.
B. Proof. An unverified example that Breen reported in the Philip G. Straus Collection, circa 1951. The coin remains unseen since that time and is likely one of the four listed above. (PCGS# 6253)
Service and Handling Description: Coins & Currency (view shipping information)
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.
Order Now! Just $59.95