1794 50C O-105 MS(PCGS#39206)

November Internet Sale 2016

Auctioneer

Legend Rare Coin Auctions

Lot Number

36

Grade

F12

Price

8,000

Lot Description

OVERTON-105. A highly collectible example of this first year half dollar issue. The O-105 is moderately scarce, rated R-5. The fields show light lines from circulation and overall this coin may have been lightly wiped long ago. The strike was bold, most of the devices are still visible despite the wear. PCGS 46, NGC 35. The most recent PCGS-graded coin was an O-101 which is much more common, and it realized a weak $7,638 in the 2016 ANA auction. Prior to that one, the previous 5 examples were NGC-graded, realizing generally between $9,400 and $10,000. The PCGS Price Guide value is $12,500. Historically important as the premier issue of half dollars for circulation. While the mintage of copper half cents and large cents began the year before, it took an act of Congress to get the approval to reduce the bond amount needed to coin silver and gold coins. Silver coins, starting with half dollars and silver dollars began late in the year. What a great relic of the earliest days of Federal coinage! PCGS # 39206 Certification Number 31408651 PCGS # 6051