1809 50C Overton 109b III Edge MS(PCGS#39388)

The Regency Auction 28

拍卖行

Legend Rare Coin Auctions

批号

9

等级

MS65

价格

291,045

详细说明

Ex D. Brent Pogue Collection. An exciting GEM with the experimental III edge device. Visually and technically stunning with a bold visual allure that is heads and shoulders above the typical 1809 of ANY variety or edge. Indeed, of the Overton number, only a single coin is graded numerically higher, an NGC MS66+. In 1809, officials at the mint altered the "third" die, of the castasing machine, which imparted the lettered edge. In a further effort to increase efficiency to the coining process, the mint experimented altering the edge dies, placing XXX or III at the ends. Placement of the coin in the machine had FIFTY CENTS OR on one die, and HALF A DOLLAR on the other. It was thought that adding III or XXX to the front and back would make it so the coiner would not have to be as careful in his placement in the castaing machine. This experiment was conducted only for a single year, 1809. One look at this GEM and it is clear that it has to rank among the FINEST for the Red Book type and Overton variety. A full, radially swirling cartwheel luster rolls brilliantly on both the obverse and reverse, bringing out a gorgeous orange-peach gold that deepens to teal-blue at the peripheries. Exceptionally sharp in strike, the devices were fully brought out by a forceful impression from the press. Ms. Liberty and the details are crisp and have a bold frost all over. Struck from a late state of the dies with heavy, radial flowlines pulling the peripheral devices toward the edge, the stars are likewise stretched outward toward the rim. The reverse legends are nearly all connected by thin die cracks. Larger breaks are seen at the tips of the top two arrowheads and within MER of AMERICA. PCGS 2, NGC 1. The pedigree of this GEM goes back to 1990, when Andrew Hain purchased it privately from Stack's. Sold in Stack's sale of the Hain Family Collection, January 2002, lot 1249, where it was purchased by the Pogues. Most recently sold in September 2015, in Part II of the D. Brent Pogue Collection, lot 2008, where it realized $47,000. For the edge variant, PCGS has graded just a single MS65+ finer, which has never sold in auction. The finest is the former Byers' coin which is graded NGC MS66+. This impeccably high end GEM is worthy of any specialized Bust half dollar collection or GEM type set. You really will be blown away by this specimen's awesome good looks! Cert. Number 31694552 PCGS # 39388