1838 50C GR-6 MS(PCGS#531087)

The Regency Auction 47

Auctioneer

Legend Rare Coin Auctions

Lot Number

117

Grade

MS64+

Price

11,456

Lot Description

A very pleasing, and high end, borderline GEM example of the GR-6 variety, rated Rarity-3. A rarity in such a lofty state of preservation, any 1838 is tough with CAC approval in MS64 or finer grade. We have had the honor of offering this coin as an MS64 PCGS/CAC in our January 2018 Regency Auction, lot 189, where it was described as: "An exceptional PQ and high end 1838 half dollar! We looked this near miss GEM over really hard. It is just one very old light scratch from full MS65 status.The surfaces are thick satiny texture and reveal only a few light frost breaks. A good luster enhances the totally original colors. Both sides are a mix of reddish gold/golden brown/pale purple/deep champagne colors. The colors are pretty and are NOT dull or drab. Miss Liberty and the details are fully struck and really stand out. The eye appeal is great!" Clearly PCGS agreed with us saying this coin was PQ as it was awarded a "+" on resubmission. This coin is Ex. Stack's July 2009, lot 575; Heritage, September 2017, lot 3851; Regency Auction XXV, Legend Rare Coin Auctions, January 2018, lot 189. PCGS 68, NGC 77, CAC 20. There are six graded MS64+ at PCGS and just 16 graded higher. The current PCGS Price Guide value is listed at $9,000, and even in MS64 with CAC approval we just sold an example for $9,104 in May 2021. This is a great opportunity for the type or date collector. NOTE that an MS65 would cost around $20,000, if you can find one. Good luck! Cert. Number 90018785 PCGS # 6177.00