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1878-CC 50C MS65 PCGS. Under the provisions of the Bland-Allison Act of 1878, the government was obligated to purchase betw...

2005 June New York, NY Signature Auction #380

 
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Auction Ended On: Jun 29, 2005
Item Activity: 6 Internet/mail/phone bidders
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Location: New York, NY
Description:
One of the Finest Known 1878-CC Halves, An Incredible MS65 Example
1878-CC 50C MS65 PCGS. Under the provisions of the Bland-Allison Act of 1878, the government was obligated to purchase between two and four million ounces of newly mined silver each month. This was the basis for the heavily produced Morgan dollar, which was primarily minted to turn all this silver into coin form. As a result, the focus of the mints turned to producing Morgan dollars, and it stayed there for the next 10+ years. In 1878, two major rarities were created in the half dollar series because of the diversion away from subsidiary coinage to the new dollars: the 1878-CC and the 1878-S. Both were low mintage issues, the Carson City coin only had 62,000 pieces struck, while the S-mint had even fewer with a mere 12,000 halves produced.
This is a well produced coin that appears to be from an earlier or intermediate state of the dies. The diagnostic die cracks, from stars 2-4, stars 8-13, and from the middle olive leaf toward the U in UNITED are all present but very weak. The striking details are crisp throughout and the surfaces display the usual thick, frosted mint luster that Carson City coins are known for. This mint luster is abundantly evident even through the rather thick layer of medium gray toning on the obverse that turns to emerald-green at the margin, and the moss-green and golden-gray toning seen on the reverse. An exceptional opportunity for the Carson City collector or the Seated half specialist, only four other Gems have been so graded by PCGS with none finer, while NGC has certified only one in MS65 with one other finer (5/05).(#6359) (Registry values: N7079) (NGC ID# 24KP, PCGS# 6359)

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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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