1836 Capped Bust Half Dollar. Reeded Edge. 50 CENTS. GR-1. Rarity-6+ as a Proof. Proof-63 (PCGS). An important rarity that represents a revolutionary milestone at the US Mint. Deep golden brown patina greets the viewer before revealing flashes of violet, powder blue, and honey-bronze iridescence. Satin luster blankets the design elements and contrasts the soft reflectivity in the fields. A glass reveals only trivial marks and most are well hidden to the naked-eye. A speck of debris sits at the tip of Libertys bust and a wispy line is noted beneath her jaw. A brighter area in the patina behind the eagles head is perhaps the most convenient pedigree marker. An overall pleasing example of this historic issue. Just 6 coins have been graded finer by PCGS in this category. <p>These rare Proof 1836 half dollars were the first coins struck on the new steam press on November 8, 1836. Mint Engraver Christian Gobrecht pressed the old John Reich designs into service yet again for these initial coins, as Gobrechts new Liberty Seated half dollar designs were not yet prepared. These would eventually appear on this denomination in late 1839. The estimated number of Proof 1836 Reeded Edge half dollars hovers around fifteen individual pieces. Over the span of numismatic history these seldom appear at auction, and this piece represents the first that we have handled since our record-setting sale of the Proof-66 (PCGS) Pogue specimen in 2016.
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