1812/1 50C O-101a, Large 8 MS(PCGS#39442)

The Regency Auction 28

Auctioneer

Legend Rare Coin Auctions

Lot Number

14

Grade

AU50

Price

31,725

Lot Description

Ex Link, as noted on the insert. Earlier ex Rocky Top Collection of Bust Half Dollars. One of the FINEST KNOWN examples of one of the RAREST of the Red Book varieties, the 1812/1 overdate with the Large 8 is a very tough Rarity-5. One of only two of the important Red Book listed varieties are not available in any Mint State grade, a distinction it shares with the famed 1817/4 overdate (rarified company indeed!). Richly toned in a deep charcoal gray on both sides that yields to some jade-green accents as you rotate the coin in a light. The eye appeal is very nice with solidly struck devices showing bold definition that stands out against the surfaces. We note a few marks on the obverse, which are limited to a couple of slightly deeper contact marks. The finest examples of this date are a pair of PCGS AU55s.The presently offered coin is tied with three others at AU50 for third finest known. This is the late die state with a shattered obverse die with extensive die cracks; we count no less than four major obverse die cracks. PCGS 4, NGC 1. The most recent example to sell in auction brought $25,200 in September 2017. The current Collector's Universe value is $30,000. The only finer PCGS coin to sell in auction was the PCGS AU53 (no longer on the census) Ex. Don Frederick Collection, sold in April 2010 for $43,125. Shockingly, the D. Brent Pogue Collection lacked an example of this important rarity, clearly this is a variety that can evade even the most deep pocketed and well connected collectors. Do NOT let this important opportunity pass you by--it may be years before another Condition Census 1812/1 O-101 becomes available! Good luck! Cert. Number 28831142 PCGS # 6102