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1829 50C PR66 NGC. O-107, R.4 for the variety, apparently unique as a proof....

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Sold on Jan 10, 2013 for:
$58,750.00 Bid Source: Internet bidder
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Description

1829 PR66 Bust Half Dollar
Unique O-107 Proof Striking
Ex: Elder-Ryder-Raymond-Pittman

1829 50C PR66 NGC. O-107, R.4 for the variety, apparently unique as a proof. Ex: Pittman. In his catalog description of the Pittman Collection, David Akers reported that this coin may be the only existing proof example of the O-107 die marriage. Perhaps only three other proof half dollars of this date are known, including the Norweb O-108 and O-112 half dollars, and an O-111 variety certified PR63 by NGC. There may be only four total 1829 proof half dollars, and each one appears to be a different variety. This is the finest proof known for the date.
The problem facing numismatic researchers trying to establish a proof census of early issues such as this is the existence of deceptive prooflike examples and the willingness of earlier catalogers to describe such pieces as proof coins. Many past auction offerings describe coins as proofs when they are clearly just prooflike business strikes. In today's world of certified coins, the problems in proper attribution of proof coins have largely been eliminated, although there can still be differences of opinion. In some cases, it is only the price that a buyer is willing to pay that provides a clue. For example, the 1829 O-111 in the Eliasberg catalog was called a proof by Henry Chapman in 1912, yet was described as a prooflike business strike by Bowers in the 1997 sale of that collection. The coin, which was graded MS63 Prooflike, realized nearly $30,000, suggesting that at least two prospective buyers both felt that it is a proof.
Both sides of this piece are fully detailed with completely mirrored fields and lustrous devices. These characteristics are subdued by lilac-gray and peripheral blue toning, the central design motifs highlighted by light gold color. Die lines at the bust tip are fully visible and a thin die crack connects the low curl to the border right of the final digit in the date.
Ex: Thomas Elder's 67th Sale (10/1912); Hillyer Ryder (1945); Wayte Raymond; New Netherlands 50th Sale (12/1957), lot 588; John Jay Pittman (David Akers, 5/1998), lot 1491, where it realized $46,750; FUN Signature (Heritage, 1/1999), lot 6741, unsold; American Numismatic Rarities (1/2004), lot 1473; FUN Signature (Heritage, 1/2007), lot 974, where it brought $69,000.
From The Greensboro Collection, Part II.

Coin Index Numbers: (NGC ID# 24GB, PCGS# 6208, Greysheet# 6194)

Weight: 13.48 grams

Metal: 89.24% Silver, 10.76% Copper

View all of [The Greensboro Collection, Part II ]

View Certification Details from NGC

Auction Info

2013 January 9-14 US Coin FUN Signature Auction - Orlando #1181 (go to Auction Home page)
Auction Dates
January, 2013
9th-14th Wednesday-Monday
Bids + Registered Phone Bidders: 13
Lot Tracking Activity: N/A
Page Views: 1,891

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

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Sold on Jan 10, 2013 for: $58,750.00
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