Lot 1023
1852 Coronet Head Half Cent. Restrike. Small berries. PCGS graded Proof 65 Brown. The so-called "First Restrike," featuring a doubled T in CENT and doubled wreath bow. Beautiful, olive and gold toning and glittering Proof surfaces. PCGS reports 6 in this grade, with none higher. Tied for Finest Known at PCGS. This Restrike shares a reverse with all of the 1840-1849 First Restrikes and the 1856 and 1857 Proofs, indicating that it was made sometime after 1856-1857 to satisfy collector demand. This coincides with the Mint's first offering of Proof coins to the public in 1859. One can envision excited collectors applying to the Mint for Proof examples of earlier years. While there is no evidence to substantiate this vision, clearly the Mint had a new motive (profit) to restrike these pieces.
Estimated Value $5,000 - 5,500.
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| Realized $5,290 |
