1877 Liberty Head Half Eagle. AU-55 (PCGS). CAC. Here is an exceptional quality, very appealing 1877 half eagle, an issue that is highly elusive at all levels of preservation. Much of the prooflike finish remains in the fields of this minimally circulated survivor, and the design elements are frosty and considerably lustrous. Bathed in deep, rich, olive-orange and honey-rose colors, this impressive Choice AU would serve with distinction in any advanced gold cabinet.<p>The production of minor gold coins in the 1870s was often desultory at best. Such is the case in 1877 when only 1,132 half eagles were struck at Philadelphia, the second lowest production run for the denomination. At the time, the few numismatists of the era who were interested in gold coins preferred Proofs over pieces struck for general circulation. Entering commerce with very little notice, most 1877 half eagles were used until melted. Fewer than 100 remain in all degrees of preservation, almost all of which are circulated, even if only lightly so. This nearly Mint State example will be tremendously appealing for advanced collectors of 19th century gold. From the Fairmont Collection-Hendricks Set.
