1837 Capped Bust Half Dollar. Reeded Edge. 50 CENTS. GR-24. Rarity-2.

1837 Capped Bust Half Dollar. Reeded Edge. 50 CENTS. GR-24. Rarity-2. MS-61 (NGC). Bright silver surfaces are enhanced by pale rose-gold iridescence on both sides, while original luster remains on the reverse and within the protected areas of the obverse periphery. A characteristic "trough," as Graham calls it, between the rim and dentils on the obverse provides an easy pickup point for GR-24. A die line at Liberty's neck and two additional die lines between D and S on the reverse confirm the attribution. This is an earlier die state of the variety, with the reverse legend and dentils still distinct, though the tops of CEN are weak as expected. Some hairlines in the right obverse field help explain the MS-61 grade, though the coin has more eye appeal than the grade might suggest. Some examples of this variety are found on oversized, extended planchets measuring approximately 1.245 inches in diameter, compared with approximately 1.217 inches for normal examples. NGC recognizes the extended-planchet variant and will specify it on the holder, whereas PCGS does not. Jim Koenings Commentary: My Koenings Newsletter #64 (12-15-24) rated this die marriage R-3 (201 to 500 known). Graham's 2012 census lists 13 specimens grading MS-63 or finer. However, readers of my newsletters reported examples grading MS-64, MS-62, MS-61, MS-60, AU-50, EF-45, EF-40, EF-40 and EF-40. The normal coins measure 1.217 inches. This die marriage needs more research. Provenance: From the Jim Koenings Collection. PCGS# 531078. BASE PCGS# 6176. NGC ID: 24G4. Click here for certification details from NGC.

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