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1892-O 50C MS68 NGC. CAC....

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Sold on Feb 4, 2016 for:
$39,950.00 Bid Source: Internet bidder
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Description

1892-O Half Dollar, MS68
Single Finest at CAC
Ex: Eliasberg

1892-O 50C MS68 NGC. CAC. The present lot is one of only two different MS68 1892-O Large O half dollars to appear at auction. The other, an NGC MS68 ★ example previously from the Dr. Thaine B. Price Collection, appeared in our 2005 FUN Signature as lot 4199 and realized $103,500. PCGS lists an additional MS68 example, not known to have been publicly offered.

This piece has been cataloged sans pedigree in the past, but close study of plates confirms without a doubt that it is the high-grade prooflike Eliasberg specimen. The cataloger of the Eliasberg Collection called this remarkable coin "a superb prooflike gem, no doubt made for special purposes or perhaps as a presentation coin. Delicate splashes of heather and gold toning over satiny motifs and mirrored fields, the latter being mirrored in all areas including among the letter spaces." The description further commented:

"It is not difficult to envision a scenario in which on the first day of striking this new design at the New Orleans Mint some special pieces were made for presentation. The importance is incredible, and the beauty is memorable - and the opportunity is likewise. Certainly this will be one of the highlights in the Barber half dollar collection of its next owner, just as it is in the Eliasberg Collection."



NGC has certified a single 1892-O half dollar as MS62 Deep Mirror Prooflike. It would be interesting to compare that coin, wherever it might be, with the Eliasberg specimen to determine if they are from the same die pair and die state. Half dollars had not been struck at New Orleans since 1861, before the travails of the Civil War. Certainly, the resumption of half dollar production with the new Barber design would have been worthy of a ceremony at the facility. In either case, no one can argue the eye appeal and sheer quality of this coin as one of the finest 1892-O halves known.
Ex: Fred Porter Collection (Charles Steigerwalt, 12/1893); J.M. Clapp; John H. Clapp; Louis E. Eliasberg, Sr. Collection (Bowers and Merena, 4/1997), lot 2064; Drew St. John Sale (American Numismatic Rarities, 6/2005), lot 78; Eugene H. Gardner Collection (Heritage, 6/2014), lot 30548.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 24LG, PCGS# 6462, Greysheet# 6577)

Weight: 12.50 grams

Metal: 90% Silver, 10% Copper

View Certification Details from NGC

Auction Info

2016 February 4 - 7 Long Beach Expo US Coins Signature Auction - Long Beach #1232 (go to Auction Home page)
Auction Dates
February, 2016
4th-7th Thursday-Sunday
Bids + Registered Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 1,771

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

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Sold on Feb 4, 2016 for: $39,950.00
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