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1848 50C PR64 NGC....

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Sold on Sep 18, 2008 for:
$46,000.00 Bid Source: Internet bidder
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Description

Important and Extremely Rare Choice Proof 1848 Half Dollar
The Second Finest Known, From the Eliasberg Collection

1848 50C PR64 NGC. Ex: Eliasberg. The extraordinarily rare 1848 proof half dollar. Only one finer specimen of this elusive issue is known: an NGC MS66 specimen sold by Heritage on July 30, 2008 for the princely sum of nearly $75,000 as part of the Phil Kaufman Collection of Early Proof Sets, Part Four. That piece was described as "one of the rarest coins in the Phil Kaufman collection, and the finest known of an exceedingly sparse population." It is an immense pleasure to have the opportunity to present another representative of this rare issue less than two months later.
The exact number of survivors is unknown, and estimates range from a low of three to a high of eight specimens. Wiley and Bugert (1993) write that fewer than four proofs are known (i.e. three, at the most). Breen (1988) lists six examples, one of which is housed in the Smithsonian, and Akers (1998) gives a similar figure of five to six survivors. The cataloger of the Eliasberg coin speculated that "fewer than seven or eight Proofs are known." NGC and PCGS combined report just four submissions. In the description for the Kaufman specimen (lot 1819) we provided a list of five distinct 1848 proof half dollars, along with three additional appearances. This important piece may be one of only four coins in private hands.
Matching the present coin to the plate of the Eliasberg example has left us certain that they are the same specimen. Although the photos in the Eliasberg catalog leave something to be desired, several toning spots on both sides are unquestionably identical. This remarkable coin has light hazel toning in the periphery that encircles the silver-gray centers, with wafts of medium gray that help distinguish this piece. Deeply mirrored fields complement the powerfully impressed design elements. Several pinpoint handling marks are only minor disturbances. This is a spectacular opportunity for the collector to obtain the second finest known example of this rare issue.
Ex: Eliasberg Collection (Bowers and Merena, 4/1997), lot 1944.
From The Sundance Collection.

Coin Index Numbers: (NGC ID# 27TA, PCGS# 6392, Greysheet# 6409)

Weight: 13.36 grams

Metal: 90% Silver, 10% Copper

View all of [The Sundance Collection ]

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Auction Info

2008 September Long Beach, CA US Coin Signature Auction #1116 (go to Auction Home page)
Auction Dates
September, 2008
17th-21st Wednesday-Sunday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 3,474

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

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Sold on Sep 18, 2008 for: $46,000.00
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