LOT #5264 |
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1904-S 50C MS66 PCGS....
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Sold on Jan 9, 2014 for:
$58,750.00
Bid Source: Internet bidder
Description
1904-S Half Dollar, Patinated MS66
Elusive Series Key in Mint State
1904-S 50C MS66 PCGS. The 1904-S Barber half dollar claims a
low mintage of 553,038 pieces, but the issue is actually more
difficult to locate than the low production figure would suggest.
This date is the undisputed series rarity in Mint State grades,
second only to the near-uncollectible 1892-O Micro O. David and
John Feigenbaum write in their Complete Guide to Certified
Barber Coinage that: "1904-S is everyone's favorite date in the
half set. It wasn't always so. It took certification in 1986 ... to
point out that it was so rare." PCGS and NGC have graded about 600
examples in all grades, only 51 of which are in Mint State.Why is the 1904-S so rare? One possible reason is the San Francisco earthquake of 1906. The banks where coins were stored were destroyed, homes and businesses were destroyed and the 1904-S had only been in circulation less than two years. Moreover, coins made back then in San Francisco tended to stay close to home. While it cannot be stated with certainty, the 1906 disaster is the one unique thing that might help to explain the rarity and higher prices of the 1904-S.
Glowing luster shines through the medium-intensity layer of bluish-gray, orange, yellow-gold, crimson, and electric-blue patination. The design elements are well-struck, including boldness on the leaves in Liberty's wreath, the obverse star radials, and most of the eagle's plumage. Only the upper-right corner of the shield and the claw and adjacent arrow feathers are a tad soft, as typical for the issue. Both sides are impeccably preserved. Population: 2 in 66, 3 finer (12/13).(Registry values: N10218)
Coin Index Numbers: (NGC ID# 24MP, PCGS# 6500, Greysheet# 6603)
Weight: 12.50 grams
Metal: 90% Silver, 10% Copper
Auction Info
2014 January 8 - 12 FUN US Coin Signature Auction - Orlando #1201 (go to Auction Home page)
Auction Dates
January, 2014
8th-12th
Wednesday-Sunday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 965
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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