1797 50C MS(PCGS#6060)

June 2020 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

488

等级

G6

价格

211,903

详细说明

Classic 1797 Small Eagle Half Dollar Overton-101a 1797 Draped Bust Half Dollar. Small Eagle. O-101a, T-1. Rarity-4+. Good-6 (PCGS). A handsome and evenly worn example with strong eye appeal for the assigned grade. The slate-grey patina is accented by overlays of sapphire and golden iridescence across both sides. The central elements are impressively pronounced despite the typical softness at the right borders. The Draped Bust, Small Eagle half dollar of 1796 to 1797 is one of the most challenging design types in numismatics. Only four die marriages comprise this brief type, two each for 1796 and 1797. Unlike the two varieties of the 1796, both varieties of the 1797 issue feature the same obverse die with 15 stars around the obverse periphery. (The 1796 O-101 is also a 15 Stars obverse, but the 1796 O-102 is a 16 Stars variety.) The star count suggests that the obverse die of the 1797 issue was created early in 1796 before the admission of Tennessee as the 16th state in the Union on June 1 of that year. If so, the die was probably left undated, with the date 1797 added when the die was put into production that year. On the other hand, the 1797-dated obverse die could have been produced in late 1796 or 1797 with the engraver simply making a mistake in the use of 15 as opposed to 16 stars. The single obverse die of the 1797 half dollar was paired with two reverse dies. The reverse used in the O-101 pairing was previously used in both the 1796 O-101 and O-102 marriages. The 1797 O-101 is the most frequently encountered variety of the Draped Bust, Small Eagle half dollar, but we caution bidders that the type as a whole is highly elusive. The combined mintage for both the 1796 and 1797 issues is only 3,918 coins, delivered as follows: 1 - 60 coins on February 28, 1797, probably all dated 1796. 2 - 874 coins on March 21, 1797, again probably all dated 1796. 3 - 2,984 coins on May 26, 1797, probably a mix of examples dated 1796 and 1797. No more than 300 or so coins of this type are believed extant, including examples from both 1796- and 1797-dated dies. With most survivors tightly held in type sets and early half dollar variety collections, buying opportunities in today's market usually come along only once in a long while. This is certainly a significant find that is sure to see spirited bidding at auction. Provenance: From the E. Horatio Morgan Collection. PCGS# 6060. NGC ID: 24EC. 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.