1879 50C WB-102 Type II Reverse MS(PCGS#572260)

November 2019 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

7311

等级

MS62

价格

6,752

详细说明

1879 Liberty Seated Half Dollar. WB-102. Type II Reverse. MS-62 (PCGS). Warmly patinated in mottled sandy-gray, antique silver and olive-rose patina, this intriguing piece reveals iridescent undertones of reddish-apricot and champagne pink as the surfaces dip into a light. Direct lighting also calls forth a prooflike finish in the form of modestly reflective fields. Sharply struck with above average eye appeal at the assigned grade level. The circulation strike 1879 half dollar is a key date issue with a limited mintage of just 4,800 coins. The reason for the limited deliveries of circulation strike half dollars from 1879 through the end of the Liberty Seated half dollar series in 1891 is the sudden return to commerce of older silver coins that had been hoarded since early in the Civil War. The resumption of specie payments in April 1876 allowed silver coinage to once again circulate in the East and Midwest. Anticipating this event, the Treasury Department ordered the mints to increase production of coins such as the half dollar beginning in 1875. The influx of coins from hoarding, however, was not anticipated by the Treasury Department, and to compensate mintages for this denomination were sharply reduced beginning in 1879. These low mintage issues have long enjoyed strong demand in numismatic circles, Mint State example such as this particularly desirable. Provenance: From the E. Horatio Morgan Collection. PCGS# 572260. Click here for certification details from PCGS.