Lot 954
1837 Capped Bust Half Dollar. NGC graded MS-65. Well struck with full hair detail. Frosty mint surfaces throughout and touches of light natural toning spread around. An excellent gem example of the Reeded Edge type. This is indeed a beautiful gem example, with outstanding natural toning associated with flaw-free luster. Small splashes of russet are present on the obverse and reverse, indicating that this lovely Gem 65 is in exactly the same state as when it was released, barring the 172 years of natural patination. Every detail of the design elements is fully and sharply defined providing an almost medallic appearance especially on the eagle whose neck and claws are unbeatable, and whose shield shows every horizontal line and vertical stripe. An extensive die break is noted on the devices from NIT of UNITED descending through the tip of the wing and leaves to the N of CENTS. This lovely example, because the luster is so pure and pristine, is likely to experience a large show of hands when bidding begins, so prepare accordingly. Pop 37; 12 better with 9 in 66, 3 in 67.
The 1837 is one of only two issues of Christian Gobrecht's Reeded Edge, 50 CENTS Reverse half dollar. The scarcity of the low mintage 1836, which is technically a pattern, nudges most Type collectors in the direction of the 1837.
Estimated Value $16,000 - 17,000.
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