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1802 50C AU58 PCGS....
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Sold on Aug 9, 2007 for:
$48,875.00
Bid Source: Internet bidder
Description
1802 Draped Bust Half Dollar, O-101, AU58
An Elusive Single-Variety Year
1802 50C AU58 PCGS. O-101, R.3. For a series with so many
die varieties and even subvarieties, the 1802 half dollar mintage
is a lesson in contradiction, as the 29,890 pieces recorded struck
were produced from a single die pair. There are no others known for
the date, and after 205 years it is highly unlikely, although not
impossible, that any others will be found. The year 1827 hold the
series record for the greatest number of die marriages. The 28
obverse dies and 34 reverse dies were married in 49 different
combinations to produce the 5.5 million pieces for the year, for an
average of more than 112,000 halves per pair.In the case of the 1802, then, it is little wonder that the Mint personnel even saw fit to reuse master dies from 1801 to produce the working dies for 1802: After all, that mintage amounted to only one-quarter of the average mintage for a single die pair in 1827.
The 1802 also bears the distinction of being the only Draped Bust half that is a single-variety year. (The 1815, a Capped Bust design, is a single-variety year as well.) While the reasons for the relatively small mintage are lost to posterity, it bears mentioning that the other silver denominations produced during the year, the half dime and dime, are also small by series standards, with the half dime a legendary rarity. (The difference, of course, is that most yearly mintages of the early half dime and dime were on the smallish side, while the silver half dollar, along with the large cent and gold half eagle, was one of the three workhorse coinage denominations of early U.S. commerce.)
Mint State coins of this issue are quite rare, and in any case only a hair's breadth separates this coin from Uncirculated, in the form of light highpoint rub. Virtually all of the mint luster remains, underneath a light patina of pinkish-gray, aqua, and mint-green. Population: 7 in 58, 2 finer (7/07).(Registry values: N1)
Coin Index Numbers: (PCGS# 6065, Greysheet# 6129)
Weight: 13.48 grams
Metal: 89.24% Silver, 10.76% Copper
Auction Info
2007 Milwaukee, WI (ANA) Signature Coin Auction #444 (go to Auction Home page)
Auction Dates
August, 2007
8th-10th
Wednesday-Friday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 871
Buyer's Premium per Lot:
15% of the successful bid per lot.
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