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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.

(About The Images)
1797 15 Stars (LM-1, R.3). NGC MS-62. 1797 15 Stars (LM-1, R.3). NGC MS-62.
Lot Title: 1797 15 Stars (LM-1, R.3). NGC MS-62.
Description: Condemnation of an early silver piece, particularly one struck in the eighteenth century, is easy when it is very white and deprived of patina, but some events are beyond a collector's control, and a rare coin must be accepted for what it is and how it came to be. To its advantage, the lack of toning affords effortless examination of the surfaces of this 1797 half-dime, with instant attribution of LM-2 made simple by counting the fifteen obverse stars. Further appreciation of details is certainly possible, particularly the shattered dies, both obverse and reverse, that surely spelled doom for the die pairing.

On the obverse, a lengthy crack extends from 1:00 to Liberty's neck, then sends branches off to 6:00 (at the date) and 4:00 (at the end of the bust), while the reverse is distinguished by a prominent crack at 9:00. It is captivating to note that contrary to the usually unevenly defined example, this coin, struck off of fragile, decaying dies, is actually sharper at the center than most examples seen, as if mint workers intended to compensate for the die deficiency with increased striking pressure for the last few struck coins. Die rust is plain in the obverse fields, particularly on the right, and a couple of planchet surface defects streak across the obverse, the most obvious dangling beneath the bow. While the NGC grade of MS-62 seems to be a compromise between sensible judgment of preservation and cabinet friction on the eagle's breast, it seems pretty evident that this is indeed an uncirculated coin, accepting the fact that it is brighter than it should be after two centuries. Those are the facts, and how a collector chooses to deal with them is what shall determine an appropriate bid level.

Low Estimate: $16,500.00
High Estimate: $17,500.00
Lot Status: Bidding has been closed for this lot.
Hammered Price: $16,250.00
Price Realized: -
1797 15 Stars (LM-1, R.3). NGC MS-62.
1797 15 Stars (LM-1, R.3). NGC MS-62.

Price history for items of the same classification:
Lot #AuctionCurrent Bid or Hammer PriceDescription
898The Collectors' Auction 2011 on 10/21/2011$2,300.00
1797 16 Stars (LM-2). ANACS XF-40 details/scratched.
The scratches on the obverse, while profuse, could be individually forgivable since none is necessarily excessively distracting (bearing in mind the usual difficulties for early half-dimes). However,...
244The Collectors' Auction 2009 on 10/16/2009$2,400.00
1797 16 Stars (LM-3, R-5). NCS Genuine (VF details/planchet flaw).
The sixteen-star obverse provides immediate attribution of LM-3, second scarcest die-marriage for 1797. Sometimes, it seems that early half-dimes just can't win. It is as if the coins were either...
381The Midwest Winter Sale 2007 on 02/09/2007$7,000.00
1797 15 Stars. PCGS AU-50.
This is a beautiful natural gray beauty. The strike is full with sharp stars and good interior wing detail. Struck from clashed dies and free of man made impairments, this could be the perfect type...

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