The Midwest Summer Sale 2010
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Please Note: A 15% Buyers' Premium is added to the hammer price of all lots in this sale.
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(About The Images)
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Lot Title:
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1796 "15 Stars on Obverse" (O-101, R.5). NGC VF-30.
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Description:
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(ex-Joseph C. Thomas Collection) Setting aside the major denominations (one-dollar and above), the draped-bust small-eagle half-dollar is far and away the most difficult type to locate for completion of a type set, and many collectors dream of owning an example one day. Their choices are limited by production, since between them, 1796 and 1797 saw a total mintage of only 3,918 pieces all together, and for 1796, two die-marriages provided distinct sub-types (O-101 "fifteen-stars", of which this is an example, and O-102 "sixteen-stars"). Technically, all the coins for the type were actually struck in 1797 off four die-marriages, which seems to be a remarkably low run per die even for coins of this vintage. Also limiting selection is the fact that these dates tend to remain in collections for extended periods, and demand drives up competition dramatically for available coins. It goes without saying that most collectors would be happy with any example regardless of date or star count! This half is dominated by pewter-tan patina that displays noticeable luster shifts across the portrait, while the fields yield a plentiful supply of dull greyish patina that gravitates in and about the stars. On the reverse is an intermingled combination of these same competing colors, although the greyish tint is splashed more widely across the eagle's motif and the lower right margin. Judging the coin at arm's length, it appears remarkably free from abrasion, with a tiny tick above the hair ribbon and a pair of sharp scratches entering the obverse rim at 3:00. A similar pair of scratches are between STATES OF. Several longer hairline scratches can be seen beneath the eagle's left (observed) wing, but they are shallow and old, and blend into the field remarkably well. Magnification is required to view most of these defects. Dentilation on the reverse is exceptionally sharp and well defined all the way around, and as is typically the case, appears less sharp on the obverse. For those collectors that seldom get the chance to look at these early half-dollar type coins up close, the dentils differ from side to side, those on the reverse being typically consistent in oblong "finger" shape, while on the reverse, most of the dentils are curiously asymmetrical and have a "saw tooth" appearance. The slab insert permits fair examination of the rim, and there appears to be not a single noticeable rim tick whatsoever.
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Low Estimate:
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$48,000.00 |
High Estimate:
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$49,500.00 |
Lot Status:
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Bidding has been closed for this lot. |
Hammered Price: |
$48,500.00
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Price Realized:
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$55,775.00 |
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Price history for items of the same classification:
Lot # | Auction | Current Bid or Hammer Price | Description |
560 | The Midwest Summer Sale 2007 on 07/27/2007 | $56,000.00 |
1796 15 Stars, O-101, R-5. NCS XF-45 Detail, Cleaned.
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The effigies seen on both sides of the Draped Bust Small Eagle Reverse Half Dollar were combined for use for a brief two-year period, from 1796 through 1797, though the obverse motif would continue in... |
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542 | The Midwest Winter Sale 2007 on 02/09/2007 | $44,000.00 |
1796 15 Stars, O-101, R-5. VF-20.
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The consignor of this coin purchased it several years ago in a PCGS holder. It was certified as a VF-20. He subsequently submitted this piece to Numismatic Guaranty Corporation with the belief it... |
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