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Lot
3248

1846 50C Medium Date PR64 PCGS. CAC....

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: 2 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:
Rare 1846 Half Dollar, PR64, Medium Date
Third or Fourth Finest Known
1846 50C Medium Date PR64 PCGS. CAC. The last time we offered a proof 1846 Medium Date half dollar was in our Los Angeles Signature auction (Heritage, 7/2009), lot 1125, a PR65 PCGS piece that realized $51,750. At that time we published a roster of 10 known examples, ranging from two specimens in PR65 -- one each at PCGS and NGC -- down through a trio of certified PR63 pieces, then the Eliasberg PR61 uncertified and the proof examples in the Smithsonian and the George "Buddy" Byers Collection (Stack's, 10/2006), lot 1137. Since that time we have updated the roster to include two more pieces. The present PR64 PCGS is unlisted in that roster. The current PCGS online Population Report shows three PR64 submissions with one PR65 finer (11/11). NGC shows nine submissions ranging from PR62 to PR65.
The obverse of this near-Gem proof appears to match in every respect the die diagnostics of the 1846 Medium Date proof in the Eliasberg sale (Bowers and Merena, 4/1997), lot 1935: "Under magnification the 4 is double-punched, and has a small projection below its left extremity. Stars 5 and 7 have very tiny artifacts, star 6 is lightly repunched, star 8 shows light repunching, and repunching is seen on stars 10-13."
This piece is fully struck in all areas, with deep, scattered cobalt-blue and rose-yellow patina. The only noticeable mark is a single one in the right obverse field. As one of the apparent finest survivors of this rare issue, this piece should see spirited bidding. (PCGS# 6390)

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Lot Bidding Ends Grade Service Current Bid
Auction 1214, Lot 98527 Monday, October 27, 2014 PR64 PCGS $4,250.00
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