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Lot
3246

1842 50C PR64 PCGS....

2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando #1166

 
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Auction Ended On: Jan 4, 2012
Item Activity: 4 Internet/mail/phone bidders
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Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
Choice Proof 1842 Half Dollar
Only Example Certified by PCGS
Third-Finest Known
1842 50C PR64 PCGS. The number of proof sets produced in 1842 is unrecorded, but it was certainly quite small. When this coin appeared in the Richmond Collection, David Lawrence estimated "only about six or seven of this date known." This agrees closely with our roster of known specimens below, which lists six specimens that are certainly different, and one that may possibly be a duplicate citation of one of the other coins. Two coins are impounded in institutional collections, leaving a maximum of five examples in collector's hands. This coin is the only specimen certified by PCGS, while NGC has graded six coins in grades from PR62 up to PR66 (11/11).
We believe this coin is the third-finest known, with sharply detailed design elements and deeply reflective fields. The surfaces are darkly toned in shades of sea-green and violet, with extraordinary eye appeal. This lot represents an important opportunity for the early proof specialist.
The seven different 1842 proof half dollars believed extant are listed below:

1. PR66 NGC. R. Green (11/29/1946); John Jay Pittman (David Akers, 5/1998), lot 1524; Phillip Kaufman Collection Part III (Heritage, 4/2008), lot 2381.
2. PR65 NGC. The Norweb Collection (Bowers and Merena, 11/1988), lot 3131; Phil Kaufman; Rarities Sale (Bowers and Merena, 8/1999), lot 201; Central States Signature (Heritage, 5/2003), lot 6776; 2006 FUN Signature (Heritage, 1/2006), lot 3197.
3. PR64 PCGS. F.C.C. Boyd; World's Greatest Collection (Numismatic Gallery, 4/1945), lot 255; 1946 ANA-Adolph Friedman Collection (Numismatic Gallery, 8/1946), lot 816; Public Auction Sale (Stack's, 3/1965), lot 443; Richmond Collection, Part III (David Lawrence, 3/2005), lot 1787; the present coin.
4. PR62. The Eliasberg Collection (Bowers and Merena, 4/1997), lot 1922; Chicago Signature (Heritage, 8/2011), lot 7173.
5. PR60. Superior (10/2000), lot 4373. Superior catalogers note that this specimen has a "reverse die crack ... from edge of wing to denticles between IC of AMERICA. Minor hairlines and signs of handling." Possibly another appearance of one of the coins above.
6. Proof. American Numismatic Society Collection.
7. Proof. Smithsonian Institution.
(PCGS# 6386)

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

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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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