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O.129a S/D. Tied Finest Known. . Eliasberg. Pogue. "Provenance: Harlan P. Smith Collection; Henry and S. Hudson Chapman’s sale of the Harlan P. Smith Collection, May 1906, lot 568; John M. Clapp Collection; John H. Clapp, by descent, 1906; John H. Clapp Collection; Clapp Estate; Louis E. Eliasberg, Sr. Collection, via Stack’s, 1942; Richard A. Eliasberg, by descent, 1976; Bowers and Merena’s sale of the Louis E. Eliasberg, Sr. Collection, April 1997, lot 1671." Obtained from Stacks Bowers Auction of the D. Brent Pogue Collection on May 19, 2015, Lot 1097.
O-101a R5+. CAC. Reed. Third Finest Known 1797. Per Heritage Cataloger, "Gorgeous MS64. Well-Struck, Remarkably Clean Surfaces. From the Byron Reed Collection . 1797 50C O-101a, High R.4, MS64 PCGS Secure. CAC. Amato-401. The Byron Reed Pedigree. The near-Gem PCGS Secure, CAC 1797 O-101a example being offered in this sale is from the Byron Reed Collection. The last auction appearance of this piece occurred in the October 8 and 9, 1996 sale conducted in New York by Spink America/Christie's, in which a portion of Reed's American coins and manuscripts were "Sold by the City of Omaha to Benefit the Western Heritage Museum." The following information on Reed's entrepreneurial, civic, and numismatic exploits is derived from the Spink America/Christie's catalog. Numismatic Background and Census. Physical Description. Both sides of this gorgeous near-Gem example display mirrorlike fields and lightly frosted motifs, each of which possesses shades of soft sky-blue, rose, violet, and gold-orange patination. Only Uncirculated examples display the network of reverse die cracks that occur on this die state; many, if not most of these cracks are worn off on circulated coins, even on XF and AU specimens. On the current Mint State piece, close inspection reveals the presence of the crack through the top of ES in STATES that extends into the field. This is significant because this crack is the very first to appear on the initial reverse die used to coin Draped Bust Small Eagle half dollars, and its appearance occurred when the present reverse was paired with the 1796 15 Stars obverse, not later as suggested by previous numismatic researchers. The second crack to develop on this reverse also shows clearly. It travels from the rim through the right side of O in OF through the palm wreath to the eagle's wing. It also first developed when this reverse was paired with the 1796 15 Stars obverse, not with the 1796 16 Stars obverse per Overton or the 1797 O-101 obverse per Beistle. Some other cracks are not present, suggesting that the reverse of this particular coin has not yet reached its terminal stage. This is further evidenced by the lack of the crack through the bottom of ST in STATES that will eventually intersect the crack from the rim at 9:30, indicating the terminal die state. To summarize, the present coin exudes great technical quality and aesthetic appeal, affirmed by the CAC endorsement. In the opinion of this cataloger (JPA), PCGS may well have been conservative in its numerical grading of this coin. The Byron Reed Collection (Spink America/Christie's, 10/1996), lot 25." Previously sold in Heritage Auction CSNS on 4/23/2015, Lot 5071 for $493,500. Obtained by private treaty with Kagins on January 21, 2016.
O.101 R3. CAC. Ex: Gardner. Obtained by private treaty with carter Numismatics on January 8, 2015.
O.101 R3. CAC. Ex: Gardner. Obtained by private treaty with carter Numismatics on January 8, 2015.
O.101 R3. CAC. Only die marriage for this important year. "The first half dollars coined at Philadelphia appeared late in 1794, with a large production the following year, continuing the original Flowing Hair design. Gilbert Stuart's Draped Bust concept appeared on half dollars in 1796 and 1797, featuring a Small Eagle reverse, and those coins are quite rare. After a brief intermission, the Draped Bust design resumed with a Heraldic Eagle reverse in 1801, and continued through early 1807, skipping coinage dated 1804. The first two issues, 1801 and 1802, are the key dates of that short lived design type. Only a single variety is known for 1802, and Mint records indicate a production of 29,890 coins. Based on the number of survivors, it is quite likely that that figure represents the true mintage of 1802-dated half dollars. This example shows faded clash marks on the reverse, although there is no discussion of die states in the Overton reference. It is perhaps surprising that the dies for this single variety were apparently not used in 1803, based on the number of surviving specimens. Perhaps 700 to 800 examples survive in all grades, and high-grade examples are quite rare. The combined PCGS and NGC population data shows 287 examples in all grades with an average grade of VF30. There are just 10 certification events in AU58, and only three finer submissions (7/13). This lovely near-Mint specimen has flashes of brilliant mint luster around the protected areas, visible through the lovely gold, blue and iridescent toning on each side. The strike is bold and the eye appeal is exceptional. Here is an important opportunity for the advanced early half dollar specialist. Population: 7 in 58, 2 finer (7/13)," per Heritage cataloger. Heritage Auction Platinum Night #1188 on 8/9/2013, Lot 5633.
O.101 R3. CAC. Only die marriage for this important year. "The first half dollars coined at Philadelphia appeared late in 1794, with a large production the following year, continuing the original Flowing Hair design. Gilbert Stuart's Draped Bust concept appeared on half dollars in 1796 and 1797, featuring a Small Eagle reverse, and those coins are quite rare. After a brief intermission, the Draped Bust design resumed with a Heraldic Eagle reverse in 1801, and continued through early 1807, skipping coinage dated 1804. The first two issues, 1801 and 1802, are the key dates of that short lived design type. Only a single variety is known for 1802, and Mint records indicate a production of 29,890 coins. Based on the number of survivors, it is quite likely that that figure represents the true mintage of 1802-dated half dollars. This example shows faded clash marks on the reverse, although there is no discussion of die states in the Overton reference. It is perhaps surprising that the dies for this single variety were apparently not used in 1803, based on the number of surviving specimens. Perhaps 700 to 800 examples survive in all grades, and high-grade examples are quite rare. The combined PCGS and NGC population data shows 287 examples in all grades with an average grade of VF30. There are just 10 certification events in AU58, and only three finer submissions (7/13). This lovely near-Mint specimen has flashes of brilliant mint luster around the protected areas, visible through the lovely gold, blue and iridescent toning on each side. The strike is bold and the eye appeal is exceptional. Here is an important opportunity for the advanced early half dollar specialist. Population: 7 in 58, 2 finer (7/13)," per Heritage cataloger. Heritage Auction Platinum Night #1188 on 8/9/2013, Lot 5633.
O.104 R.3. CAC. Reed Hawn. Pogue. Finest Known 1803 Small 3 Half Dollar. Flashy cartwheel luster and lovely original surfaces result in very strong eye appeal. Per Pogue cataloger, "The Single Best 1803 Small 3 Half Dollar. The Reed Hawn Coin. Alone atop the Condition Census. A specimen of extraordinary elegance and freshness, whose quality stands out even among the coins of the D. Brent Pogue Collection. The toning framing the obverse changes, chameleon-like, from gold to sea-green and blue as the intense cartwheel luster collects light and slides around the perimeter. The center is soft lavender and gray with hints of blue. The bright blue around the reverse also seems to collect and magnify the lustrous cartwheel, framing the pale violet and gold center. Luster defines this piece, giving it a special level of aesthetic appeal. A few natural planchet streaks are seen, a by-product of an impurity in the Mint’s silver ingot that became a striation when rolled; the most significant is near Liberty’s chin, with others parallel. No significant marks or lines are found. The strike is soft at the lowest curl, the eagle’s head, and the star cluster above it, but the definition in Liberty’s portrait and hair, the eagle’s wings, and other areas more than makes up for it. The “large and flat” stars described by Overton are mostly absent here, as every star has some central detail and most have all of it. Some delicate die cracks are seen, including one from Liberty’s hair near its highest wave to near the base of E and another through T of LIBERTY to Liberty’s forehead below. A reverse crack begins at the top of the first S in STATES, undulates along the curves of that letter, then arcs to the rim through the clouds and finally through the last S of STATES. This is the only recorded candidate for finest known honors of this major variety. The Queller Family - Gene Gardner coin, the next closest competitor, is graded MS-62 (PCGS). It is the only other example certified as Mint State by PCGS. A previous offering of this coin misinterpreted its provenance, creating a seeming challenger where there was none. The Pogue example maintains its unquestioned primacy among all examples of the Small 3 variety. Provenance: Pogue. Reed Hawn Collection. Stack’s sale of the Reed Hawn Collection of United States Coins, August 1973, lot 12; Dr. George F. Oviedo, Jr. Collection; Stack’s sale of the Dr. George F. Oviedo, Jr. Collection of U.S. Half Dollars, September 1983, lot 731; Stack’s session of Auction ’87, July 1987, lot 745; Superior Galleries’ sale of the Worrell Collection of United States Coinage, September 1993, lot 1262; Stack’s Orlando Sale, January 2009, lot 409; Larry Hanks, by sale, January 7, 2009." Obtained from Stacks Bowers Auction of the D. Brent Pogue Collection on May 19, 2015, Lot 1108.
O-116. R.3. CAC. Per cataloger, "Pointed 6, Stem, O-116, R.3, MS65+ PCGS. CAC. O-116 is one of the more plentiful Pointed 6, Stem through claw varieties, though it is noted that any variety of this issue is elusive in Mint State and decidedly rare at the Gem grade level. This variety exhibits the third of four uses for this obverse and one of three uses for this reverse. The obverse is extensively cracked around the periphery from the tip of the bust, through the date, all the way to the R in LIBERTY. This die began cracking early in its second marriage (O-115), and was finally retired after striking a number of O-117 coins. The TY in LIBERTY are recut, though the evidence is not as distinctive on this late die state as it is on early varieties. This reverse die was also briefly paired with obverses 11 and 13, producing the extremely rare O-128 and O-129 varieties. It is seen here in a late state, with a peripheral crack from below the eagle's tailfeathers, though the top of UNITED, and terminating by the second S in STATES. Examples of this variety are seldom available in Mint State, and at the Gem level it is a major rarity for the Draped Bust type. The PCGS certified population of all Pointed 6, With Stem varieties is just eight coins in MS65 (2 in 65+), with only four numerically finer (11/14). This dazzlingly lustrous example showcases sea-green, olive, and lavender-gold hues over each side, with a few deeper amber accents also seen in localized areas of the recesses. A few tiny ticks in the right obverse field are seemingly all that keep this Plus-designated piece from a full Premium Gem grade. Light die lapping is evident on the hair curls by Liberty's forehead, also the primary cause of the recutting on the TY in LIBERTY slowly fading. This lapping is much more extensive on later states of this obverse, mostly seen on the O-117 variety, its final usage. The reverse is lightly clashed. Whether for type, date, or variety purposes, this high-end Gem is an ideal representative of the O-116 variety, showcasing a degree of eye appeal that is not often seen on any half dollar from this period. An impressive and important coin in every respect. The specialist should bid accordingly." Obtained from Heritage FUN Platinum Night Auction #1216 on 1/7/2015, Lot 4125.
O-116. R.3. CAC. Per cataloger, "Pointed 6, Stem, O-116, R.3, MS65+ PCGS. CAC. O-116 is one of the more plentiful Pointed 6, Stem through claw varieties, though it is noted that any variety of this issue is elusive in Mint State and decidedly rare at the Gem grade level. This variety exhibits the third of four uses for this obverse and one of three uses for this reverse. The obverse is extensively cracked around the periphery from the tip of the bust, through the date, all the way to the R in LIBERTY. This die began cracking early in its second marriage (O-115), and was finally retired after striking a number of O-117 coins. The TY in LIBERTY are recut, though the evidence is not as distinctive on this late die state as it is on early varieties. This reverse die was also briefly paired with obverses 11 and 13, producing the extremely rare O-128 and O-129 varieties. It is seen here in a late state, with a peripheral crack from below the eagle's tailfeathers, though the top of UNITED, and terminating by the second S in STATES. Examples of this variety are seldom available in Mint State, and at the Gem level it is a major rarity for the Draped Bust type. The PCGS certified population of all Pointed 6, With Stem varieties is just eight coins in MS65 (2 in 65+), with only four numerically finer (11/14). This dazzlingly lustrous example showcases sea-green, olive, and lavender-gold hues over each side, with a few deeper amber accents also seen in localized areas of the recesses. A few tiny ticks in the right obverse field are seemingly all that keep this Plus-designated piece from a full Premium Gem grade. Light die lapping is evident on the hair curls by Liberty's forehead, also the primary cause of the recutting on the TY in LIBERTY slowly fading. This lapping is much more extensive on later states of this obverse, mostly seen on the O-117 variety, its final usage. The reverse is lightly clashed. Whether for type, date, or variety purposes, this high-end Gem is an ideal representative of the O-116 variety, showcasing a degree of eye appeal that is not often seen on any half dollar from this period. An impressive and important coin in every respect. The specialist should bid accordingly." Obtained from Heritage FUN Platinum Night Auction #1216 on 1/7/2015, Lot 4125.
O-116. R.3. CAC. Per cataloger, "Pointed 6, Stem, O-116, R.3, MS65+ PCGS. CAC. O-116 is one of the more plentiful Pointed 6, Stem through claw varieties, though it is noted that any variety of this issue is elusive in Mint State and decidedly rare at the Gem grade level. This variety exhibits the third of four uses for this obverse and one of three uses for this reverse. The obverse is extensively cracked around the periphery from the tip of the bust, through the date, all the way to the R in LIBERTY. This die began cracking early in its second marriage (O-115), and was finally retired after striking a number of O-117 coins. The TY in LIBERTY are recut, though the evidence is not as distinctive on this late die state as it is on early varieties. This reverse die was also briefly paired with obverses 11 and 13, producing the extremely rare O-128 and O-129 varieties. It is seen here in a late state, with a peripheral crack from below the eagle's tailfeathers, though the top of UNITED, and terminating by the second S in STATES. Examples of this variety are seldom available in Mint State, and at the Gem level it is a major rarity for the Draped Bust type. The PCGS certified population of all Pointed 6, With Stem varieties is just eight coins in MS65 (2 in 65+), with only four numerically finer (11/14). This dazzlingly lustrous example showcases sea-green, olive, and lavender-gold hues over each side, with a few deeper amber accents also seen in localized areas of the recesses. A few tiny ticks in the right obverse field are seemingly all that keep this Plus-designated piece from a full Premium Gem grade. Light die lapping is evident on the hair curls by Liberty's forehead, also the primary cause of the recutting on the TY in LIBERTY slowly fading. This lapping is much more extensive on later states of this obverse, mostly seen on the O-117 variety, its final usage. The reverse is lightly clashed. Whether for type, date, or variety purposes, this high-end Gem is an ideal representative of the O-116 variety, showcasing a degree of eye appeal that is not often seen on any half dollar from this period. An impressive and important coin in every respect. The specialist should bid accordingly." Obtained from Heritage FUN Platinum Night Auction #1216 on 1/7/2015, Lot 4125.
O.114 R3. CAC. Norweb. Pogue. Finest Known 1807 Capped Half Dollar.