1836 50C GR-1 Reeded Edge MS(PCGS#531046)

The Regency Auction 54

拍卖行

Legend Rare Coin Auctions

批号

157

等级

MS63+

价格

171,495

详细说明

Ex Friend, as noted on the holder. The year 1836 was a transitional year at the Philadelphia mint. Near the end of the year, new steam presses were installed, replacing the screw presses that were in operation since 1793. The benefit of the new technology, allowed for a standardized collar to be used on the coins, which would impart the edge reeding as the dies squeezed the planchet during striking. This eliminated the need for the casting machine, and serving as the death knell of the Lettered Edge type. The small mintage (sources range from 1,200 to 5,000 struck) was produced using a single pair of dies. These are scarce in all grades, and a key issue in Mint State, especially in CHOICE or finer grades. A fabulous example, fully CHOICE in grade. A satiny brilliance glows under a rich, original patina. Lovely antique pewter-dove is suffused with a soft azure, lilac, and rose iridescence on both the obverse and reverse. Sharply struck in general with bold crisp details seen on both sides. A glass reveals some minor ticks and flaws that account for the assigned grade, but has minimal impact on the visual allure of this important coin. PCGS 1, NGC 0. This is NOT The former NGC MS63+. Very close in quality to the PCGS MS64 Link-Chicago coin we sold in September 2021 for $35,250. The current Collectors Universe value is listed at $28,500. Only eight are graded finer than this lovely example and the bidding should be strong when it crosses the block." Cert. Number 35594687 PCGS # 531046