1837 Capped Bust Half Dollar. Reeded Edge. 50 CENTS. GR-11. Rarity-5.

1837 Capped Bust Half Dollar. Reeded Edge. 50 CENTS. GR-11. Rarity-5. AU-58 (NGC). Sharply struck and lustrous, this Choice AU GR-11 represents one of the finest certified examples of the variety. The surfaces are primarily light golden-mauve, while deeper cobalt and antique-silver toning frame the devices and peripheries. This represents the second use of the reverse die, and the cracks seen previously on GR-10 are now more pronounced, joined by an additional crack extending from the rim through the M of AMERICA and into the eagle's neck. An obverse die crack from star 7 to Liberty's cap is difficult to see but can be observed with a strong glass. This obverse die would later be reused for GR-12, where the crack becomes much more distinctive. Graham was unable to locate a GR-11 grading finer than MS-60, although Charles Link later acquired an MS-63 for his collection. No other Mint State examples are known, making this AU-58 quite desirable. Graham assigned the variety a Rarity-5 rating in 2012, while Koenings assigned it Rarity-3 in his 2024 census. Based on your cataloger's (BAO) personal experience with the series, the latter rating seems reasonable for circulated examples. In Mint State, however, GR-11 should be considered extremely rare. Jim Koenings Commentary: Although Graham rated this die marriage R-5 (31 to 75 known) in 2012, my records of sales suggest that it is more common and probably closer to R-3 (201 to 500 known). However, finding a specimen grading finer than AU-58 may still be very difficult. Provenance: From the Jim Koenings Collection. PCGS# 6176. NGC ID: 24G4. Click here for certification details from NGC.

Estimate:£0.75

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