1828 50C O-107 MS(PCGS#39760)

August 2018 Mail Bid Auction 47

Auctioneer

Sheridan Downey

Lot Number

84

Grade

AU50

Price

660

Lot Description

Light, silver-grey toning with flashes of pale gold.  OK+ luster for the grade.  Later die state, evidenced by soft devices.  Overton collectors know the O.107 to be an R.2.  Then why is it so tough to find, especially in AU or better?  Because the Red Book variety (Curl 2 w/ Knob) is found on only 2 of 23 die pairs in 1828(!) and the other die pair, O.106, is a high R.4.  The confluence of die variety and Red Book variety collectors accounts for the premium attached to the O.107.  Est. $450 to $600.