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1805/4 50C O-101, T-4, R.3, MS65 NGC. CAC....
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Description
1805/4 O-101 Draped Bust Half, MS65
Arguably The Finest Known 1805 Half Dollar
Ex: 'Col.' E.H.R. Green, Eric P. Newman, Oliver Jung
1805/4 50C O-101, T-4, R.3, MS65 NGC. CAC. Ex: "Col." E.H.R.
Green and Eric P. Newman Collection. This amazing Gem displays
brilliant-silver mint luster that shines through deep golden-brown
and iridescent toning on each side. The strike is exceptionally
sharp and the surfaces are splendid, with only a few
inconsequential handling marks. Here is an amazing Draped Bust,
Heraldic Eagle half dollar -- a true centerpiece for an
extraordinary cabinet. Careful examination reveals faint obverse
clash marks, yet no die cracks or polishing lines. The reverse also
shows light die clashing, yet no other die defects.At least two unused obverse dies for half dollars were created with the 1804 date, confirmed by two different 1805/4 obverse dies that are known today. The O-101 and O-102 varieties share one of the obverses, and O-103 employs the other. While each of O-101 and O-102 die pairs is more plentiful than O-103, only about 1,000 pieces survive of all three varieties combined in all different grades. Of these, the Eric P. Newman specimen and the Eliasberg/Pogue specimen, both certified MS65, are easily the finest known 1805/4 half dollars. We believe that the Newman and Eliasberg/Pogue coins are the only two Gem examples known today, and that they are in fact the two finest 1805 half dollars that exist of any variety.
When we offered the Eliasberg coin in August 1998, that specimen was called the finest-known 1805/4 half dollar. The coin realized over $100,000 at a time when few coins reached the six-figure mark. It more recently brought $111,625 as part of the D. Brent Pogue Collection in May, 2015, certified MS65 PCGS.
In comparison, the present coin last changed hands in Heritage's ANA Signature Auction in August, 2014 for a record $152,945 as part of the Oliver Jung Collection. It had previously held the record of $152,750 when it appeared as part of our Eric P. Newman Collection, Part II (Heritage, 11/2013). It remains in its special Eric P. Newman holder as MS65 NGC, CAC.
B. Max Mehl was fond of writing that the 1805/4 half dollar was "the closest a collector could come to an 1804 half dollar." He was obviously making that statement in an attempt to borrow from the fame and fortune of the 1804 silver dollar. Today, the 1805/4 is well known to collectors and stands on its own merit as an important numismatic delicacy and an essential early type overdate. Silver deposits were minimal in 1804, as evidenced by the low production of dimes, quarters, and silver dollars (dated 1802 or 1803). There were no half dimes or half dollars minted in 1804, although half dollars were obviously intended. The finest certified 1805 Normal Date half dollars only reach the MS63 grade level, making the present coin arguably the finest 1805 half dollar available to collectors based on its outstanding pedigree and high grade (with CAC endorsement), and recent record-setting auction appearances.
Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $40.00; Eric P. Newman Numismatic Education Society; The Collection of Oliver Jung (Heritage, 8/2014), lot 5583; the present consignor.
From An Important New York Collection.
Coin Index Numbers: (NGC ID# 24EH, Variety PCGS# 39290, Base PCGS# 6070)
Weight: 13.48 grams
Metal: 89.24% Silver, 10.76% Copper
Learn more at the Newman Numismatic Portal at Washington University in St. Louis.
View all of [An Important New York Collection ]
Auction Info
Buyer's Premium per Lot:
20% of the successful bid (minimum $19) per lot.
The Draped Bust Half Dollars of 1796-1797 by Jon Amato is the culmination of more than 10 years of research into the Draped Bust Small Eagle half dollar series, one of the most coveted type coins in American numismatics and one about which remarkably little has been written.
This work will be the premier reference for 1796-1797 half dollars for years to come. Institutions having an extensive numismatic library or coin cabinet will find it a valuable complement to their holdings, and catalogers charged with writing up specimens for auction can now have an indispensable source of background and pedigree information. Likewise, coin dealers seeking to purchase one or more '96 or '97 half dollars for a client or for inventory, and collectors who own, have owned, or desire to own one will want this important reference work for their libraries.
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