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1839-O 50C MS65 NGC....

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Sold on Apr 30, 2009 for:
$18,400.00 Bid Source: Internet bidder
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Description

Breathtaking 1839-O Half Dollar, MS65
Capped Bust, Reeded Edge

1839-O 50C MS65 NGC. Repunched Mintmark. JR-1. After coinage production began in New Orleans during 1838, this facility began full scale production in 1839, producing half dimes, dimes, half dollars, and quarter eagles. During the year, a small mintage of 178,976 half dollars was accomplished. Like all other Capped Bust, Reeded Edge half dollars, these coins have a new star arrangement on the obverse, with six stars to the left and seven to the right of the bust, opposite the customary star arrangement of the previous design. The reverse design was modified in 1838, changing the denomination from 50 CENTS to HALF DOL. The 1838 and 1839 Capped Bust, Reeded Edge half dollars thus constitute a two-year design type, and are avidly collected as such. An early appearance of the 1839-O was in the Finotti Collection (Woodward, 11/1862), lot 142, described as "1839 Bust, perfectly uncirculated, variety from the New Orleans mint." Woodward was careful to differentiate the design from the Seated Liberty type, which was minted at the Philadelphia Mint later in the year.
The coin offered here is a strong candidate for Condition Census. In Stephen Herrman's Auction & Mail Bid Prices Realized for Bust Half Dollars 1794-1839, this specimen is tied with two other coins for fourth place in his detailed compilation of finest known examples. NGC has graded six coins at the Gem level, with only three finer, while PCGS has certified three examples in MS65, with four finer (3/09). Resubmissions may be included in these figures. Like most Reeded Edge coins, this example is exquisitely struck with full hair detail on the obverse, and complete feather detail on the reverse. Both dies are extensively cracked as often seen. The obverse has attractive ivory luster overlaid with darker gold, lilac, and steel toning at the margin. The reverse is considerably darker with grayish-gold color over frosty luster.
Ex: Jack Lee; Platinum Night (Heritage, 11/2005), lot 2140.
From The Joseph C. Thomas Collection.(Registry values: N7079)

Coin Index Numbers: (NGC ID# 24G7, PCGS# 6181, GSID# 6250)

Metal: 90% Silver, 10% Copper
Weight: 13.36 grams
ASW: 0.38658oz
Mintage: 116,000

View all of [The Joseph C. Thomas Collection, Part Two ]

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Auction Info

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124 (go to Auction Home page)
Auction Dates
Apr-May, 2009
29th-3rd Wednesday-Sunday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 1,218

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

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Sold on Apr 30, 2009 for: $18,400.00
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