1827 50C Square Base 2 AU50 PCGS....

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Important 1827 O-124a Half, AU50

1827 50C Square Base 2 AU50 PCGS. O-124a, High R.5. All of the stars are drawn solidly to the border, as on certain other varieties such as O-122. The reverse has the center line of the fourth stripe extended below the shield. This reverse was also used for O-125. The O-124 die marriage is similar to and easily confused with late states of O-135.
This late die state has no evidence of border detail remaining on either side. Both dies have heavy peripheral flow lines, yet there is no evidence of any die cracks or clash marks.
The 1827 O-124 is one of the major rarities in the Capped Bust series. The variety was rated R.8 in the 1970 second edition of Overton. The third (1990) and fourth (2005) editions both rate it R.5, and today most collectors agree that it is High R.5, with slightly more than 30 pieces known.
This impressive piece falls at the low end of the Condition Census, perhaps fifth or sixth finest known. It has fully original ivory, olive, and silver-gray surfaces. A few tiny rim bumps and other surface marks are of no concern to PCGS.
From The Donald R. Frederick Collection of Early U.S. Coinage: Bayside Part II.

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