1850 50C MS(PCGS#6264)

March 2018 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

10204

等级

MS64

价格

41,798

详细说明

1850 Liberty Seated Half Dollar. WB-1. Rarity-4. Repunched Date. MS-64 (PCGS). CAC. Warmly toned over lustrous surfaces, both sides of this Choice half dollar reveal particularly vivid undertones. The strike is nicely executed and the overall quality is very close to full Gem. Circulation strike half dollar production at the Philadelphia Mint dropped dramatically in 1850 with only 227,000 coins struck, much smaller than the previous year's output of 1,252,000 pieces. The reason for this reduction was the discovery of gold in California in 1849, the subsequent Gold Rush and its large yield upsetting the balance between gold and silver on the world market. As silver became scarce relative to gold, the bullion value of coins such as the half dollar soon exceeded their face value. Little bullion reached the Mint for new coinage, as a result, explaining the limited mintages in Philadelphia until the Act of February 21, 1853 reduced the weight of this denomination. The 1850 is scarce in all grades, especially above VF. Mint State examples are elusive and Gems are exceedingly rare. This upper end MS-64 represents the finest in quality available to most specialists in Liberty Seated coinage. It is a significant coin that is sure to see spirited bidding at auction. Provenance: From the A.J. Vanderbilt Collection. Earlier from our (Stack's) New York ANA Sale of August 1976, lot 1209. Lot tag included. PCGS Population (all die marriages of the issue): 8; 2 finer (MS-67 finest). PCGS# 6264. NGC ID: 24HG. Click here for certification details from PCGS.