1837 Capped Bust Half Dollar. Reeded Edge. 50 CENTS. GR-5. Rarity-1.

1837 Capped Bust Half Dollar. Reeded Edge. 50 CENTS. GR-5. Rarity-1. AU-58 (NGC). Bright and brilliant surfaces are lustrous and essentially untoned aside from light color at the extreme peripheries. This variety represents the final use of the obverse die previously employed for GR-2, GR-3, and GR-4. The reverse is typically found rotated approximately 30 degrees counterclockwise, and this example is no exception. This is a very late die state example, with numerous die cracks and obvious evidence of die fatigue on the reverse, most readily apparent in the weak dentils and softness at the eagle's head. Graham denotes this very late die state as "Stage a," which requires a crack extending from the eagle's right wing into the field above the CA of AMERICA. That crack is light here, but undeniably present. Despite the advanced state of the dies, the strike is bold and the coin is attractive. Jim Koenings Commentary: 1837 GR-5 is the most common of the four die marriages using Graham's Obverse 2. Of 61 die marriages and special die varieties listed in December 2024, GR-5 was rated R-1 (more than 1,000 known). Early die stages come with a normal alignment, while later die stages come with a rotated reverse, as here. Provenance: From the Jim Koenings Collection. PCGS# 6176. NGC ID: 24G4. Click here for certification details from NGC.

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