Lot 1510
1928 Hawaiian Half Dollar. PCGS graded MS-65. A hint of light even toning. A problem-free coin bursting with luster, vivid and glowing in appearance. What's more, the surfaces acquit themselves nicely in terms of the fewness of marks, hence the desirable MS65 "Gem" grade. We end the luster description. Next, a word about strike: this piece, as with most others of the Type, was struck with controlled precision throughout and stands front and center with its peers in the MS65 rank.
After the 1928 Hawaiian half dollars were struck at the Philadelphia Mint, they went to the Captain Cook Sesquicentennial Commission in Honolulu, which arranged with the Bank of Hawaii, Ltd., to distribute the coins at $2 apiece -- the highest initial cost of any commemorative issue until that time. The small issue was allocated as follows:
50 sandblast or matte proofs, for special presentation.
200 normal strikings, withheld for presentation.
4,975 for sale on the Islands. Not over five per customer.
The remaining 4,975 for sale in the "States" (the mainland).
According to the Breen-Swiatek reference, "distribution began October 8, 1928. The issue was quickly exhausted, and demand has outstripped the supply from the beginning. on U.S. commemorative half dollars." (PCGS # 9309) .
Estimated Value $3,700 - 3,900.
From the 9/09 Hawaii Collection.
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| Realized $4,600 |
