LOT Old Heritage Auctions  /  2008 February Long Beach Signature Coin #460  / 

597

1837 50C MS66 NGC

Currency:USD Category:Coins & Paper Money / US Coins Start Price:5,500.00 USD Estimated At:1.00 - 1,000,000.00 USD
1837 50C MS66 NGC
<B>1837 50C MS66 NGC.</B></I> The 1836 the Mint chose the newly designed Capped Bust, Reeded Edge half dollars to try its new steam-powered presses, combined with the "close collar" technology that produced the edge reeding. The 1836 mintage was a scant 1,200 pieces recorded. The 1837 mintage is reported as 3.6 million coins, making this issue ideal for a type set, as the reverse was changed the following year, 1838, to HALF DOL. from 50 CENTS.<BR> This piece offers brilliant, somewhat satiny surfaces with cartwheel luster. The obverse shows some old, multiple clash marks, and advanced die fatigue has produced the uniform surface appearance, with fine die striae running outward from the center throughout the coin. The strike is bold in the centers, but the design elements are disappearing at the rim, most notably on each side from about 8 to 10 o'clock, an effect likely coupled with die misalignment, as the opposite rim elements are noticeably stronger. There are no visible die breaks, but this coin was produced from dies that clearly were in service for a long while. Under a loupe, there are no visible post-strike distractions, other than a couple of tiny ticks on Liberty's cheek. <BR> Even with such a large mintage, Premium Gems such as the present piece are seldom seen in the marketplace, and are a cause for swift action on the part of astute collectors. A nice and interesting Premium Gem from a historic era in the early Mint.<BR><I>From The Southwest Collection.</B></I><BR><BR><B>Coin Engraver:</B> Christian Gobrecht<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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