Lot 1240
1833. PCGS graded MS-67. CAC Approved PQ. Lovely delicate toning. A spectacular coin! This sparkling jewel of the optimum quality for this actively collected design displays delicate pastel blue and slightly more radiant gold toning in areas. All underpinned by intense cartwheel luster, the mint frost blends effortlessly with toned accents on the satin surfaces. Struck with mathematical precision by the dies. Only a few of the horizontal lines in the shield show any marginal weakness.
After a lengthy hiatus between 1804 and 1828, Coinage of this denomination resumed July 4, 1829, from new dies by William Kneass (Robert Scot's successor as Engraver), using as its model John Reich's half-dollar design of 1807. Like the dimes of 1828, these half dimes have a plain raised rim encircling a border of round beads. Because they were struck in a grooved "close collar," which imparted the reeded edge, their diameters were uniform. (Earlier dates had been given reeded edges before striking by passing the blanks through a Casting machine.) Mint correspondence of the period mentioned the close collar as a major technological improvement. Pop 7; 1 finer in 67+ (PCGS # 4280) .
The year 1833 was the first year of coinage production at the new Mint facility at the corner of Chestnut and Juniper streets in Philadelphia. The mintage recorded for this year totaled 1,370,000 coins and was the highest production so far among Capped Bust half dimes. A significant quantity, however, were certainly from 1832-dated dies. Nearly all went into circulation where there was a great need for small change among the populace. For 1833, there are 10 known varieties with six additional remarriages.
Estimated Value $9,000 - 10,000.
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| Realized $13,225 |
