Heritage World Coin Auctions
CSNS Signature US Coin Sale 1254 26-28 Apr 2017
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Reeded Edge Half Dollars
1839-O 50C GR-1, R.1, MS65 NGC. The New Orleans Mint opened in 1838 and produced its first half dollars, 20 proof examples dated 1838-O, in January of 1839. A further 178,976 coins dated 1839-O were delivered throughout the remaining months, making this issue the only collectible O-mint half dollar of the 1838-1839 Reeded Edge type. Breen asserts that the 1839-O was extensively hoarded by the public as the first business strike half dollar from the New Orleans Mint. If this is true, then the majority of these coins were retrieved from circulation because this issue is a significant rarity in Mint State. The present satiny-textured Gem is mostly brilliant through the centers and outlined in speckled coppery-gold toning. There are no unsightly surface marks and the strike is well executed, even in the peripheral areas. The GR-1 die variety is the most plentiful of five known varieties, but it is also one of the most popular with a distinct recut mintmark. Census: 8 in 65, 4 finer (3/17).
Ex: Long Beach Signature (Heritage, 1/2004), lot 5899, which realized $18,975.
HID02901242017
1839-O 50C GR-1, R.1, MS65 NGC. The New Orleans Mint opened in 1838 and produced its first half dollars, 20 proof examples dated 1838-O, in January of 1839. A further 178,976 coins dated 1839-O were delivered throughout the remaining months, making this issue the only collectible O-mint half dollar of the 1838-1839 Reeded Edge type. Breen asserts that the 1839-O was extensively hoarded by the public as the first business strike half dollar from the New Orleans Mint. If this is true, then the majority of these coins were retrieved from circulation because this issue is a significant rarity in Mint State. The present satiny-textured Gem is mostly brilliant through the centers and outlined in speckled coppery-gold toning. There are no unsightly surface marks and the strike is well executed, even in the peripheral areas. The GR-1 die variety is the most plentiful of five known varieties, but it is also one of the most popular with a distinct recut mintmark. Census: 8 in 65, 4 finer (3/17).
Ex: Long Beach Signature (Heritage, 1/2004), lot 5899, which realized $18,975.
HID02901242017