1839-O 50C GR-1 RPM MS(PCGS#531106)

The Regency Auction 47

拍卖行

Legend Rare Coin Auctions

批号

120

等级

MS64

价格

242,826

详细说明

Ex Col. Green and Eric Newman Collections, as noted on the insert. As the nation's economy grew the government saw a need for branch mints to produce coins for local commerce, making it easier to get coins where it was needed faster than shipping by ship or overland from Philadelphia. An act of Congress established mints in Charlotte, North Carolina; Dahlonega, Georgia; and New Orleans, Louisiana; the first two were to strike gold coins only, from locally sourced ore, and New Orleans would strike gold and silver coins. Coining operations began at all three in 1838 and the first silver half dollars struck in New Orleans were produced in Proof only format, and saw a mintage of only 20 pieces. The 1838-O is a classic U.S. rarity, a treasure that is very rarely seen and is out of reach of most collectors. The 1839-O saw a mintage of 178,976, and most disappeared into the southern economy. Very few examples were saved for posterity, and fewer still survive in such a pristine state of preservation as this near-GEM. Five die marriages were used to strike the entire mintage and the reverse of this marriage, GR-1, was used to strike the 1838-O Proofs. The GR-1 is noted for its double punched O mintmark. The present fully CHOICE and nearly GEM 39-O was struck from cracked dies, spidery cracks connect the stars and date on the obverse and the letters on the reverse. Extremely well struck in the central devices, there is just a hint of weakness seen on a few of the stars on the obverse. A frosty, satin-like sheen is seen below the layer of silver-gray patina that has some hues of iridescent toning scattered about. This piece is totally original and very eye appealing. Ex. Col. E.H.R. Green Collection; Green Estate; St. Louis Stamp & Coin (partnership of B.G. Johnson and Eric Newman); Eric P. Newman Collection (bought out of the partnership for $7.50); Eric P. Newman Numismatic Society, Heritage, November 2013, lot 33464 (as NGC MS64+ CAC); Dr. Charles Link Collection; to our consignor via private purchase in July 2015. PCGS 9, NGC 17, CAC 3. These DO NOT appear with any frequency and the Price Guide values are totally off! As an NGC MS64+ CAC, this piece sold for $41,125 nearly eight years ago! The last PCGS MS64 sold back in June 2004! The most recent MS65 graded by PCGS sold for $61,688 in our October 2017 Regency Auction. Clearly the $25,000 in the PCGS Price Guide and the $30,000 in the CAC CPG is outdated and will have to be updated once the hammer falls on this spectacular example. This is a coin that has many different layers of demand, from type, date, mintmark, first year of issue, and many other collectors. We expect bidding will be intense for this very special coin. Do not let the opportunity pass you by! Cert. Number 40662026 PCGS # 6181.00