1836 $5 HM-6 MS(PCGS#765235)

August 2023 Global Showcase Auction U.S. Coins

拍卖行

Stack's Bowers

批号

4054

等级

MS62+

价格

104,857

详细说明

Satiny Mint State 1836 Half Eagle 1836 Classic Head Half Eagle. HM-6. Rarity-3. MS-62+ (PCGS). CAC. Beautiful golden-apricot color blends with full satin to softly frosted luster. Smartly impressed with nearly full striking detail throughout the design, this is an expertly produced Classic Head $5. Impressively smooth in hand, it is also a PQ example for the assigned grade that is very close to a Choice Mint State rating. After the New Tenor half eagles went into production on August 1, 1834, they remained a consistent news item for much of the summer and fall. Editorials against the Bank of the United States in pro-Jackson newspapers railed against the bank's monopoly power and latched upon the new half eagle as a symbol of it, complaining that the bank stockpiled the gold rather than paid it out, though the political polemics of this era were not often an accurate reflection of reality. "The rapid circulation of the Jackson currency, the gold eagles and half eagles...is annoying the friends of monopoly and the Bank beyond all conception," the New York Evening Postpublished just two weeks after the new coins were introduced. The Bank of the United States, located nine blocks down Chestnut Street from the Philadelphia Mint, was the largest depositor of gold at the Mint in this era. The followers of President Jackson's populist anti-bank rhetoric didn't understand or care about banking reserves or the importance of gold in international banking, preferring to shake their fist at the clouds in anger for the control the bank wielded over the national economy. Jackson's veto of the bank's recharter is widely seen as causing the Panic of 1837, the first long national depression. Some scholars place greater importance upon other issues, including the bursting of the Western land bubble in 1836. Nine different die combinations produced more than half a million 1836 half eagles, the second largest production run among the Classic Head issues of this denomination. After the first year 1834, no doubt saved in fairly large numbers due to its novelty, the 1836 is the most readily obtainable half eagle of this type. The 1836 HM-6 is one of the more popular varieties of the issue for type purposes, and among collectors of both circulated and Mint State coins. This die pairing is extremely rare any finer than MS-63, however, with the MS-64+ example listed in the PCGS Population Reportalone at CC#1 for these dies. The MS-62+ specimen offered here is at the upper end of the assigned grade level and worthy of the strongest bids. Provenance: From the George Schwenk Collection. Earlier from our sale of the Daryl J. Haynor Virginian Collection, Summer 2022 Global Showcase Auction, August, lot 5047. The plate coin for the 1836 HM-6 variety in the 2020 Haynor reference on Classic Head gold coinage. PCGS Population (HM-6 attribution only): 1; 1 finer (MS-64+). PCGS# 765235. NGC ID: 25RY. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.