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Description

Landmark Gem Proof 1853 Arrows & Rays Half Dollar

1853 50C Arrows and Rays PR65 NGC. Ex: Eliasberg. A rarity of the highest magnitude that is pedigreed to one of the most prestigious collections of United States coins ever formed. The description from that landmark sale reads in part: "A spectacular specimen. Champagne and light golden toning over deeply mirrored surfaces. Exceedingly rare, incredibly so. This is one of just two or three we have seen over a period spanning many years. Here, indeed, is one of the most awesome, one of the greatest Proof rarities in the half dollar series. In his Proof Encyclopedia, Walter Breen offers very little in the way of information concerning characteristics of Proof specimens, mentioning in passing five examples, some of which may be duplicate listings....
In 1853 there were very few Proof coins struck of any denomination. Apparently, no original Proof sets were produced. Later, circa 1860, pioneer collector George Jones commented that there were no Proof 1853 Liberty Seated silver dollars known to exist, and, accordingly, around this time the Mint obligingly restruck 12 Proofs...." Proof quarters and half dollars are extremely rare, so much so that at one point some twenty years ago they were only rumored but very few advanced collectors or dealers had actually seen one. At that time also, there was some confusion between real Proofs and Prooflike first-strikes. There is no doubt about this coin, though. The depth of mirrored reflectivity is complete on each side and covers all the recessed areas in the fields. A very rare opportunity to acquire this extremely rare Proof striking. Population: 1 in 65, 1 finer (2/03).
Ex: The Benson Collection Part II (Ira & Larry Goldberg, 2/2002), lot 1002, where it realized $126,500. Earlier Ex: Louis E. Eliasberg, Sr. Collection, Part II, (Bowers and Merena, 4/1997), lot 1956. (NGC ID# 27TU, PCGS# 6405)

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Auction Info

Auction Dates
September, 2003
17th-20th
Internet/Mail/Phone Bidders: 5
Members Tracking: N/A
Page Views: 327

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

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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