1850 50C MS(PCGS#6264)

March 2020 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1382

等级

AU50

价格

9,369

详细说明

1850 Liberty Seated Half Dollar. WB-1. Rarity-4. Repunched Date. AU-50 (PCGS). An appreciable lustrous coin for the assigned grade, both sides are further enhanced by vivid peripheral toning in iridescent cobalt blue and/or reddish-orange. A later die state of this variety, a loupe reveals bold repunching to the lower right side of the digit 0 in the date, but repunching to the digit 5 from the earliest die state is no longer evident. The 1850 through 1852 issues make up a trio of low mintage circulation strike half dollars from the Philadelphia Mint. The discovery of gold in California in 1849, followed by gold strikes in Australia in 1850, upset the delicate balance between gold and silver in the world market. Suddenly scarce relative to gold, by 1850 the price of silver had risen to the point where it cost more than face value to mint new silver coins. Circulation strike half dollar production at the Philadelphia Mint amounted to just 227,000 pieces in 1850, compared to 1,252,000 coins in 1849. The 1850 is scarce to rare in all grades, with most of the survivors either lightly circulated or in Mint State, indicative of the fact that this issue did not circulate to a great extent at the time of issue. On the other hand, most examples that were removed from commercial channels by speculators were eventually melted for their precious metal content, leaving few coins for today's advanced collectors of Liberty Seated coinage. Provenance: From the E. Horatio Morgan Collection. PCGS# 6264. NGC ID: 24HG. Click here for certification details from PCGS.