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ANA Signature US Coin Sale 1258  2-6 Aug 2017
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Lot 3976

Starting price: 1 USD
Price realized: 45 000 USD
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Reeded Edge Half Dollars
1837 50C SP65 NGC. GR-21, R.2. Past offerings of 1837 Specimen strike half dollars include this example, which was offered in a January 2003 Superior auction. Other such coins include an example by RARCOA in Auction '82; and a third that appeared in the 1949 ANA sale. A PR62 NGC example appeared in our sale of the Greensboro Collection, Part Two, in the January 2013 FUN auction. Most recently, the present SP65 coin was in the Eugene H. Gardner Collection.
The GR-21 variety was struck from the second use of the obverse die (which also struck GR-20) -- a fact that may explain areas of peripheral weakness on this otherwise impressively struck half dollar. Based on the visual appearance of the central motifs and the contrasting mirrored fields, the current coin is certainly a special strike. Both sides show noticeable die lines, confirming that it is an early die state for the GR-21 die pair, with prominent reverse die lines between the wing and U, and through TE of UNITED.
Although most of the stars and the eagle's claws are indistinct, the balance of the obverse and reverse design elements are extremely sharp. An exceptional Gem, the coin displays mirrored fields and light cameo contrast beneath brilliant orange toning that gains intensity close to the borders. In addition to this example (which is the only Specimen strike NGC has certified), NGC reports one PR62 coin. PCGS does not list a specimen or proof example of this issue (6/17).
Ex: Superior (1/2003), lot 739; The Eugene H. Gardner Collection, Part II (Heritage, 10/2014), lot 98475.

HID02901242017
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