1837 50C MS(PCGS#6176)

December 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

1079

等级

MS65

价格

94,380

详细说明

1837 Capped Bust Half Dollar. Reeded Edge. 50 CENTS. GR-13. Rarity-1. MS-65 (NGC). Offered is a superior example of this Reeded Edge type coin, issued only in 1836 and 1837, before the denomination was changed from 50 CENTS to HALF DOL. starting in 1838. Both sides are dusted with slightly mottled pearl gray patina, while the reverse also has iridescent champagne-apricot and powder blue highlights around the periphery. The strike is virtually full, and the surfaces are smooth and lustrous. This coin and other high grade 1837 half dollars may owe their exceptional preservation to the Panic of 1837, which settled over the United States after New York City banks suspended specie payments on May 10, 1837. Bank customers could no longer exchange paper at par for specie, leaving paper money and copper coinage to carry the work of day-to-day business in most areas of the country. Millions of half dollars, along with Spanish colonial 8 reales and smaller subsidiary denominations, sat in bank vaults, despite the 1837 establishment of a bullion fund by Act of Congress that allowed the U.S. Mint to produce silver coins without waiting for deposits of bullion. By the time the panic subsided, allowing silver coins to reenter circulation, few Gems were left among the bank stockpiles. Today, 93% of Mint State 1837 halves certified by PCGS grade MS-64 or lower. For the quality-conscious type collector, this is another of many offerings from the Larry H. Miller Collection that represent an important bidding opportunity. Provenance: From the Larry H. Miller Collection. PCGS# 6176. NGC ID: 24G4. Click here for certification details from NGC.