1827 50C Square Base 2 XF40 PCGS....

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Census Level 1827 O-137 Rarity, XF40

1827 50C Square Base 2 XF40 PCGS. O-137, R.6. The obverse die appears on O-136 and O-137, and it has the top star pair on the left and the low star pair on the right closer than other star pairs. The reverse die has the I centered below the base of A and T, with the letters TAT close. This is a reappearance of reverse I of 1825 O-109 and O-110.
The reverse has weakened die defects including a faint die line near the border between the final S and O. Others extend down from the right edge of the wing near RI of AMERICA. These last defects are called die rust in the third and fourth editions of Overton, although they appear different from the usual die rust lumps and may be some other type of die defect.
The 1827 O-137 die marriage was unknown to Overton in his first edition, and called R.7 in the second edition. It is among the most important die marriages in the series, with only about 20 examples known today. The Frederick specimen appears to be the fifth or sixth finest of those that survive. It is nearly identical to the Reiver coin that NGC graded XF45.
Pleasing gray-gold surfaces show light wear on the high points. The surfaces are entirely natural and pleasing with only trivial handling marks that are consistent with the grade. Here is an excellent opportunity to acquire a Census level example of the 1827 O-137 rarity.
From The Donald R. Frederick Collection of Early U.S. Coinage: Bayside Part II.

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