Lot 1229
1839 Liberty Seated Half Dollar. Drapery. PCGS graded MS-62 PQ. A well struck and flashy example of this first year of issue. Aside from faint hairlines, the surfaces are above average for the grade and minimally abraded. Small hints of gold toning and a toning spot on Liberty's left leg are the only areas that are not purely white and brilliant. Two distinct Seated half dollars were produced in 1839, the With Drapery and the transitional No Drapery designs. In terms of total number graded by PCGS and NGC, the 1839 No Drapery actually has a higher number known, 254 pieces currently graded in all grades. The 1839 With Drapery issue has a total population of 188 at PCGS and NGC. The transitional status of the 1839 No Drapery puts a price tag of 10-15X higher than the 1839 With Drapery issue and consistently overshadows the significance of the present variety. Therefore, one seeking a first year of issue for the No Motto design and an 1839 issue would do well to acquire this choice, scarce and significant specimen. PCGS has graded 7 in this grade with a total of 28 finer (PCGS # 6232) .
Estimated Value $500 - 700.
The Michael M. Magdic Collection.
|
| |
| Realized $1,955 |
