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1878-S 50C WB-101, Die Pair 1, R.5 -- Engraved, Repaired -- NGC Details. VF....

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Sold on Sep 6, 2019 for:
$24,000.00 Bid Source: Internet bidder
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Description

1878-S Seated Half Dollar, VF Details
Just 12,000 Pieces Struck, Few Survive

1878-S 50C WB-101, Die Pair 1, R.5 -- Engraved, Repaired -- NGC Details. VF. The 1878-S is seldom-seen in any grade, a function of its low mintage (just 12,000 pieces struck), and an accompanying low survival rate. Bill Bugert suggests only about 60 pieces are known in all grades combined. The issue was struck from a single die pair. Production of the 1878-S was halted early in the year to concentrate on coining silver dollars, compelled by the Bland-Allison Act.

A diagonal path of re-engraved detail covers portions of the olive branch on this example, extending to the eagle's left (facing) leg, shield, and right wing. The field near the eagle's head and left scroll end is smoothed, and other areas of the reverse field suggest careful tooling. Still, an authentic survivor of this rare and famous Seated issue is always in demand. Most pieces were melted or lost long ago.
Ex: Anderson DuPont Collection (Stack's, 11/54), lot 2214, where it sold for $350; ANA Charlotte National Money Show Auction, Presented by Robert Korver (Heritage, 3/2007), lot 823, which brought $37,375.
From The Poulos Family Collection, Part II.

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Auction Info

2019 September 5 - 8 Long Beach Expo US Coins Signature Auction - Long Beach #1299 (go to Auction Home page)
Auction Dates
September, 2019
5th-8th Thursday-Sunday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 408

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Sold on Sep 6, 2019 for: $24,000.00
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