What a totally original near-GEM Reeded Edge half dollar! High end and lustrous, this coin is thickly frosted with a satiny brilliance. While the central portions of the Kneass-Gobrecht designed type are well struck, the stars, UNITED STATES OF AMERICA, 50 CENTS and reverse dentils are soft in areas. A blush of gold clings to the surfaces in areas, giving some contrast to the antique silver-gray patina. A few microscopic tics are noted with the aid of a strong glass, none of which have any serious impact on the outstanding visual quality. The Reeded Edge half dollars make up a transitional series between the classic Capped Bust type (1807-1836) designed by John Reich (and altered over time by William Kneass) and the Gobrecht-Peale Seated Liberty half dollar series that would begin being struck in 1839. These were the first half dollars struck using the Steam Press, and allowed for the use of a closed collar, which created the reeding on the edge, rather than needing a separate step to put the edge lettering on. This made for a uniform diameter, raised rim, and more efficient striking. Two reverse designs were utilized, creating two distinct types (often overlooked among type collectors). The 1836-37 type has the denomination spelled 50 CENTS; 1838 and 1839 type has the denomination spelled HALF DOL., as seen later in the Seated Liberty series. PCGS 115, NGC 108, CAC 37. There are 13 in MS64+ graded by PCGS. First, there has to be some duplication of submissions at the MS64 level, as coins are cracked out, re-graded, crossed over, and other grading plays in hopes of getting a 65 grade. Of the 13 in MS64+ at PCGS, The most recent example realized $5,280 in August 2020; prior to that, one sold in January 2020 for $7,800. The current PCGS Price Guide value is listed at $8,250 and a PCGS MS65 CAC will cost $20,000 or more! This is a great coin for a type or date set, good luck. Cert. Number 43577757 PCGS # 6176