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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP-苏富比2016年5月纽约波格集藏IV

Lot:4008 1839 Capped Bust Half Dollar. Graham Reiver-1. Rarity-7. Small Letters. Extremely Fine-45+ (PCGS).

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外国钱币

USD 24,000-75,000

SBP-苏富比2016年5月纽约波格集藏IV

2016-05-25 07:00:00

2016-05-25 12:00:00

USD 76375

SBP

成交

Aside from the 1838-O, this is the key variety to the series&rdquo; &mdash; Dick Graham, A Registry of Die Varieties of Reeded Edge Half Dollars 1836 - 1839, 2012</em>While the 1838-O is undoubtedly the rarest date and most famous key of this short-lived type, the 1839 Small Letters issue is the only one to be listed in the <em>Guide Book of United States Coins</em> as &ldquo;(ex. rare),&rdquo; a numismatic benediction given to only the most elusive issues. Discovered in 1972 when this precise specimen was identified by Maurice Rosen, just 10 examples have been located despite the variety&rsquo;s distinctive appearance and the dedicated searching by legions of half dollar specialists. Though a Mint State specimen has appeared on the PCGS Population Report since 1997, this is the finest example confirmed by Graham or illustrated in his reference.Considering its rarity, this coin&rsquo;s aesthetics are perhaps of secondary importance. Nonetheless, this coin presents positive eye appeal, with a good deal of luster remaining around design elements and peripheries. The toning is medium silver gray, a bit darker in the upper left obverse and with bright golden highlights around the reverse designs. The reverse shows some subtle violet highlights. Hairlines are present on both sides, though not to the level of severe distraction, along with scattered marks and scratches. A little batch of marks beneath star 6 and a short cut under the ear hide well, and thin scratches behind Liberty&rsquo;s cap blend into the field behind it. Tiny rim nicks are seen above star 4 and below 83 of the date. On the reverse, two parallel lines incised into the planchet cross beneath STATES from TE of UNITED to the last S of that word. Called &ldquo;parallel planchet roller streaks&rdquo; by Graham, they are common to every known specimen of this variety, found with identical spacing on each example, though sometimes on the obverse and sometimes on the reverse. Neither a rim bruise above OF nor a short scratch over A of HALF significantly impairs the eye appeal. The eagle appears quite flatly struck, as expected. The obverse and most peripheral elements are struck, though STA is blunted by the metal flow towards the deep relief of Liberty&rsquo;s bust line opposite it.Few circulated coins are included in the D. Brent Pogue Collection, but those that do are consistently very rare and very interesting. No other specimen of this variety can claim the unique cachet of being the discovery coin. Long owned by the legendary Capped Bust coinage specialist Charlton &ldquo;Swampy&rdquo; Meyer, the coin&rsquo;s discovery is recounted in Breen&rsquo;s <em>Complete Encyclopedia</em>. It was acquired by Maurice Rosen while he was briefly Breen&rsquo;s coworker at First Coinvestors, Inc. Breen, given the first chance to study the new variety, recognized that the unusual reverse featured the same eagle hub as the rare 1839-dated Judd-95 pattern, a muling of unrelated dies that was produced by the Mint for collectors in the 1860s. The eagle is described by Graham as &ldquo;smaller and more compact than any eagle on any other variety.&rdquo; The legend is also &ldquo;smaller and farther from the rim.&rdquo; The easiest characteristic to see at arm&rsquo;s length is the position of the lowest arrow feather in relation to the olive branch: just the tip of the arrow feather is visible below the branch on this reverse, whereas all other reverses show a substantial proportion of the feather&rsquo;s detail below the branch&rsquo;s end. Untold thousands of times, cherrypickers have turned over an 1839 half dollar hoping to identify a specimen of this rarity, and fewer than 10 times has their coin flip been rewarded.As a major variety listed in the <em>Guide Book,</em> the 1839 Small Letters variety is the single greatest stumbling block to completion for specialists in the Reeded Edge, Capped Bust half dollar series. While collectors could perhaps escape the necessity of owning an 1838-O by defining their collection as including only coins struck for circulation, there is no avoiding this variety&rsquo;s importance or rarity. Most survivors are well worn or badly impaired. Among all examples seen in hand by students of the series, this coin is the lone exception to that statement.PCGS# 531098.

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