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1796 1/2 C With Pole--Corroded--NCS. Fine 12 Details....

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Sold on Jan 10, 2008 for:
$19,550.00 Bid Source: Live: Floor bidder
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Description

Desirable 1796 C-2 With Pole
Half Cent, Fine Details

1796 1/2 C With Pole--Corroded--NCS. Fine 12 Details. C-2, B-2, R.4. On November 24, 1796, Nicholas Way submitted a statement of the value of copper coins issued from the commencement of the Mint, to the day of his report. From January 1 to March 31, 1796, the Mint issued 109,000 half cents; from April 1 to June 30, the total was 5,090 pieces; and from July 1 to November 24, the total was 1,390 pieces.
Today, it is believed that only the last amount, 1,390 coins, was the mintage of those pieces actually dated 1796. However, the old 3% survival rule created by Walter Breen would only yield a little over 40 survivors for both varieties. Alternatively, the total for the last three quarters of the year, 6,480 coins, would yield about the right number of survivors at a 3% rate; about 195 coins. Another scenario is a much higher survival rate, say 10% or 139 survivors, also well within current rarity ratings.
This piece has smooth, lightly corroded deep olive surfaces with hints of steel and tan on both sides. A small scrape is evident over the first S in STATES, but otherwise the surfaces are free of problems. EAC 6.(Registry values: P9)

Coin Index Numbers: (PCGS# 1027, Greysheet# 447)

Weight: 6.74 grams

Metal: 100% Copper

Auction Info

2008 January Orlando, FL (FUN) Signature Coin Auction #454 (go to Auction Home page)
Auction Dates
January, 2008
9th-12th Wednesday-Saturday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 1,040

Buyer's Premium per Lot:
15% of the successful bid per lot.

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Sold on Jan 10, 2008 for: $19,550.00
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