LOT Bowers and Merena Auctions  /  The September 2008 Beverly Hills Rarities Sale  / 

619

1928 Hawaiian Sesquicentennial. PR65 (NGC) OH

Currency:USD Category:Coins & Paper Money / US Coins Start Price:30,000.00 USD Estimated At:1.00 - 1,000,000.00 USD
1928 Hawaiian Sesquicentennial. PR65 (NGC) OH
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<span style="font-size: large;">Lot #619. 1928 Hawaiian Sesquicentennial. Proof-65 (NGC). OH.</span>
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This is easily among the most important Commemorative Half Dollars of any type that we have ever offered, and it is a coin rich with historical and numismatic significance. As an issue, the Hawaiian Half Dollar of 1928 is one of the rarest classic silver Commemoratives struck in the United States Mint. The original mintage is a scant 10,200 pieces (or 10,058, per current editions of <i>A Guide Book of United States Coins</i> by R.S. Yeoman). Congress authorized this issue in conjunction with the sesquicentennial of Captain James Cook's discovery of the Hawaiian Islands on January 18, 1778. Proceeds from the sale of these coins were intended to defray the costs of establishing the Captain Cook Memorial Collection in the Archives of Hawaii.<p>According to Anthony Swiatek and Walter Breen in the 1990 book <i>The Encyclopedia of United States Silver & Gold Commemorative Coins: 1892-1989</i>, the limited mintage of these coins was distributed as follows:

-50 matte or sandblast proofs: for special presentation purposes
-200 regular strikings: also withheld for presentation purposes
-4,975 regular strikings: for distribution in the Hawaiian Islands
-4,975 regular strikings: for distribution in the continental United States

The authors have also determined the initial recipients and partial pedigrees for the 50 matte proof specimens, which is of particular importance to the present lot since it is one of those coins that we are offering for the consideration of our bidders.<p>This coin is listed as the #8 specimen in the Breen/Swiatek reference, which means that it was initially presented to Juliette May Fraser, a native of Honolulu who is credited with sketching the design for the Hawaiian Commemorative Half Dollar. (Chester Beach prepared Fraser's sketches for coinage.) Much of the coin's subsequent pedigree is also known, and all of its previous owners have obviously preserved the coin with exceptional care.<p>This piece comes down to us with virtually unmarked, Gem-quality surfaces. Close inspection with a loupe reveals myriad sparkling facets to the coin's surfaces--a feature that also characterizes the matte proof gold issues struck in the United States Mint from 1911-1915. Handsome pewter-gray patina adorns both sides, there also being a blush of pale-gold tinting along the right-reverse border. Fully struck with eye appeal to spare, this coin is solidly in the Condition Census for this rare proof Commemorative issue.<p>As impressive as this coin is from a technical standpoint, and as significant as the Fraser pedigree is, the desirability of this lot does not end with these attributes. This coin is accompanied by numerous supporting items and documents that further enhance its importance for the advanced Commemorative collector or the collector that specializes in Hawaiiana. Also included in this lot are:

-Wedgewood medallion cameo plaque, green background, white portrait of Captain James Cook facing right. This plaque, <i><b>believed unique</i></b>, was used by Juliette May Fraser to design the Hawaiian Commemorative Half Dollar. The plaque is in VF condition with one bisecting and several smaller cracks, but it remains fully intact. The original felt-lined leather case comes with the plaque. <i>Ex: John Young; Queen Emma, queen consort to King Kamehameha IV; Cartwright family, as executors of the estate of Queen Emma; Bruce Cartwright; Juliette May Fraser (?); joining the pedigree of the coin as listed below at some point in time prior to 1973.</i>
-Original felt-lined leather case for the coin itself.
-(4) hand-drawn sketches of the reverse design for the Hawaiian Commemorative Half Dollar, each signed by the artist Juliette May Fraser and each depicting the Native Hawaiian in a different pose.
-Typed letter signed by Juliette May Fraser and dated April 2, 1973. In this letter, Fraser authenticates the four sketches of the reverse design and provides the pedigree of the Wedgewood cameo plaque. Fraser also references a single obverse scutage and a small pink sketch prepared by Bruce Cartwright that are not included in this lot.
-Handwritten letter from Walter Breen dated January 5, 1990. In this letter, Breen confirm's this coin's pedigree, as well as that of the Wedgewood plaque and the accompanying sketches, and describes this group as, "...unique, irreplaceable, and suitable for a memorable display of Hawaiiana."
-Typed letter signed by Gerald L. Bauman, Vice President of MTB Banking Corporation; undated. Bauman references the serial number on this coin's insert (501964-001) and further confirms the coin's pedigree and significance.
-A single typed sheet with no signature or name. This sheet refers to the design of the Hawaiian Commemorative Half Dollar and, in the penultimate paragraph, includes the following quote from Juliette May Fraser: "From this Wedgewood plaque, owned by Bruce Cartwright of Honolulu, Hawaii, I designed the Captain Cook Sesquicentennial Half Dollar. 1928-Juliette May Fraser."

The most important and complete offering of items and documents relating to the 1928 Hawaiian Commemorative Half Dollar that we have ever seen; unique as a group and destined for inclusion in the finest specialized collection. (Total: 1 coin; 1 cameo plaque; 2 leather cases; 4 sketches; 3 letters; 1 additional document)


<span style="font-size: smaller;">Cert Number: 501964001 </span>
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<table cellspacing="0" cellpadding="3" border="1" id="ctl00_cntBody_FAQ1_grdShippingRates"
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<td class="AuctionListingsHeadings" valign="top" style="height: 20px; white-space: nowrap;">
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<td class="AuctionListingsHeadings" align="right" valign="top" style="width: 75%;">
Postage And Insurance
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</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl02_PurchaseAmountTemplate">$0.00 to
$200.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl02_PostageAmountTemplate">$6.50</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl03_PurchaseAmountTemplate">$201.00
to $300.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl03_PostageAmountTemplate">$9.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl04_PurchaseAmountTemplate">$301.00
to $1,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl04_PostageAmountTemplate">$10.50</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl05_PurchaseAmountTemplate">$1,001.00
to $2,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl05_PostageAmountTemplate">$13.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl06_PurchaseAmountTemplate">$2,001.00
to $3,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl06_PostageAmountTemplate">$17.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl07_PurchaseAmountTemplate">$3,001.00
to $5,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl07_PostageAmountTemplate">$18.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl08_PurchaseAmountTemplate">$5,001.00
to $10,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl08_PostageAmountTemplate">$23.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl09_PurchaseAmountTemplate">$10,001.00
to $25,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl09_PostageAmountTemplate">$27.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl10_PurchaseAmountTemplate">$25,001.00
to $50,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl10_PostageAmountTemplate">$42.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl11_PurchaseAmountTemplate">$50,001.00
to $75,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl11_PostageAmountTemplate">$55.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl12_PurchaseAmountTemplate">$75,001.00
to $100,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl12_PostageAmountTemplate">$70.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl13_PurchaseAmountTemplate">$100,001.00
to $250,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl13_PostageAmountTemplate">$100.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl14_PurchaseAmountTemplate">$250,001.00
to $500,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl14_PostageAmountTemplate">$175.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl15_PurchaseAmountTemplate">$500,001.00
to $750,000.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl15_PostageAmountTemplate">$250.00</span>
</td>
</tr>
<tr class="LotDetailInformation">
<td class="AuctionListings" valign="top" style="white-space: nowrap;">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl16_PurchaseAmountTemplate">$750,001.00
to $99,999,999.00</span>
</td>
<td class="AuctionListings" align="right" valign="top">
<span id="ctl00_cntBody_FAQ1_grdShippingRates_ctl16_PostageAmountTemplate">$400.00</span>
</td>
</tr>
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<b><a name="About"></a>About Bowers and Merena</b>

Bowers and Merena Auctions was founded in 1983 and has grown to become the world's
preeminent numismatic auctioneer with more than half a billion dollars in rare coin
and currency sales. Bowers and Merena has handled four of the five most valuable
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