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

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Desirable 1827 O-122 Rarity, AU55 Details

1827 50C Square Base 2 Genuine PCGS. O-122, R.5. The obverse has a wide date with all stars drawn to the edge, a reappearance of the obverse used for O-121. The reverse die has heavy die lines from the eagle's lower beak and neck to the wing below. The upright of the 5 is recut. The reverse die also appears on O-138.
The die combination was listed as variety 73 in the original edition of Overton, and Don Frederick noted in his copy of the 1967 reference that its existence was doubted. Confirmation apparently came a short time later, as it was called O-122 in the second edition published just three years later.
Despite the obvious late die state, with the obverse entirely void of border details and with all stars drawn to the edge, there are no die cracks or clash marks on either side.
AU55 Details, Questionable Color. It is difficult to place this piece in an exact Census position, but we have no doubt that it belongs among the six finest known coins. While PCGS questions the originality of the color, it has gorgeous gold, rose, olive, and blue blended together on each side, with nearly full underlying luster. Handling marks are practically non-existent. This lovely half dollar will be hotly pursued at the auction. Nearly three years have passed since the last offering of an 1827 O-122 half grading better than XF40.
From The Donald R. Frederick Collection of Early U.S. Coinage: Bayside Part II.

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