1839 50C Capped Bust, Small Letters MS(PCGS#6180)

The Regency Auction 47

拍卖行

Legend Rare Coin Auctions

批号

118

等级

VF25

价格

550,152

详细说明

One of the RAREST coins in this world class cabinet, the 1839 Reeded Edge with Small Letters reverse is a rarity in the truest sense of the word. The GR-1, which is a Low Rarity-7, is a "transitional" variety, which paired the Capped Bust obverse die with a reverse that was intended for the new Seated Liberty type introduced later in 1839, sometimes referred to as the "reverse of 1840." There are now 12 examples accounted for; as of Dick Graham's publication of the Reeded Edge half dollar die marriages in 2015, there were 11 examples reported. In November 2019, another, graded XF40 by PCGS and approved by CAC turned up in the E. Horatio Morgan Collection, sold by Stack's Bowers. While not specifically listed in their listing, this VF25 would land about the mid-point grade wise in their listing, between places 6 a PCGS VF35 and 7 a PCGS VF20. Moderate wear is evenly dispersed across both sides of this classic rarity. The obverse is sharply impressed, and the details are generally bold. Some scattered marks at the rims are appropriate for the assigned grade. There is some "dirt" clinging to the obverse rim and surrounding the eagle and in the reverse legend. An important rarity missing from most collections. Ex Southland Collection, Heritage, May 2007, lot 2131; unknown intermediaries; Matt Kleinstuber, to our consignor, via private treaty in April 2019 for $50,000. PCGS 1, NGC 0. The current PCGS Price Guide value is listed at $45,000. The most recent auction appearance was the PCGS/CAC XF40 mentioned above that sold for $90,000 in November 2019. Even in Good-4, the Merrill Collection coin sold for $17,400 in February 2018. Ownership of an 1839 Small Letters Capped Bust half dollar automatically puts you into rarified company, very few, even the most serious of collectors have been able to add one to their collections. Good luck! Cert. Number 81456119 PCGS # 6180.00