Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?


Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Seldom Seen Selections: The Finest Known 1796 No Pole Half Cent

 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 4 / Views: 260Next Topic  
Press Manager
Learn More...
United States
1411 Posts
 Posted 01/13/2021  1:28 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
Heritage Auctions - Heritage is proud to offer the finest known 1796 No Pole Half Cent as a part of our January 20-24 FUN Signature Auction. This legendary numismatic rarity grades MS67 Red and Brown according to PCGS. The Finest Known Cohen-1, Breen-1.

The year 1796 is important in the history of the first Philadelphia Mint and some collectors have made a specialty of 1796-dated coinage. It is the first year that every authorized denomination of U.S. coinage was produced, from the Half Cent to the eagle.



There are two dates among circulation-strike Half Cents that stand out as rarities among all others. Those dates are 1796 and 1831, although many consider the 1831 as a proof-only issue. However, there is no doubt that the 1796 is a circulation-strike issue and that date stands alone as the legendary rarity among all Half Cents.

There are two 1796 varieties, the No Pole that is offered here, and the more plentiful With Pole variety. The two obverse dies, one without the pole supporting the Liberty cap, and the other with that supporting pole, were combined with a single reverse die. Due to the small number known, the emission sequence or order of striking for the two varieties, remains uncertain. In most situations where two varieties share a common obverse or reverse die, the deterioration of that die will conclusively show which variety was struck first. For the 1796 Half Cents, the small production run was insufficient for the dies to deteriorate, thus the order of striking is not proven.

Current estimates suggest a total population of about 140 Half Cents dated 1796 including about 30 of the No Pole variety. The PCGS and NGC population data includes 13 grading events. Five of those are four the four Mint State coins, which grade between MS63 and MS67, and eight are for coins that grade from Fair 2 to Fine 15. PCGS Coin Facts records a fifth Mint State coin that they state is PCGS graded MS62 Brown. However, no such coin appears in their population report. There are no certified 1796 No Pole Half Cents at either service graded VF20 through MS61.

In his 1946 catalog of the Atwater Collection, B. Max Mehl, perhaps one of the greatest numismatic promoters of the middle 20th century, couldn't help himself when he wrote of this coin:

"I am endeavoring to be conservative in both my description of condition of these coins, and also the use of superlative adjectives, but this gem is simply too much for me to overcome. It is simply too exquisite and thrilling a coin not to lavish all possible bouquets at it. It is worthy of everything fine and thrilling that may be said of it."


While trying to suppress the use of superlative adjectives as Mehl noted, this Superb Gem 1796 No Pole Half Cent is a wonder to behold. As one well-known numismatist is fond of saying, it is the stuff of dreams. This is an extremely important opportunity as only the 11th auction appearance of any Mint State 1796 No Pole Half Cent, and this example is clearly the finest known. This is the second time that the present cataloger has described this piece, having enjoyed its company a quarter-century ago, when he described the coin as "fully Prooflike and most probably a presentation or specimen coin; just as easily called Proof-65 or finer."

The mirrored surfaces are light chestnut-brown with traces of original mint red in the protected areas including the date numerals, letters on both sides, and the leaves of the wreath. The strike is full and well-centered, showing a full and complete border details. Louis E. Eliasberg, Sr. summed up this piece in 1956: "This is the finest known specimen of the rarest Half Cent."

This remarkable American rarity is legendary and destined for the finest cabinet of numismatic treasures.
Pillar of the Community
United States
908 Posts
 Posted 01/13/2021  3:31 pm  Show Profile   Bookmark this reply Add That coin dude to your friends list Get a Link to this Reply
Its crazy to me that this coin is this nice after 225 years!
Keep track of your collection: https://en.ucoin.net/?ref=Ux0E0if

My collection: https://en.ucoin.net/uid112788
A friendly coin dude that is here for you!
A coin collector from the Midwest USA.
I specialize in minting varieties and coin identification.
I am online 3+ times every day for 6-12 hours.
My best US coin find: http://goccf.com/t/387871
Moderator
Learn More...
United States
94382 Posts
Pillar of the Community
United States
827 Posts
 Posted 01/13/2021  11:43 pm  Show Profile   Bookmark this reply Add DoctorBurnzy to your friends list Get a Link to this Reply
That's spectacular!
Valued Member
Korea, Republic Of
394 Posts
 Posted 01/14/2021  09:04 am  Show Profile   Bookmark this reply Add Lembafc to your friends list Get a Link to this Reply
I'm gunna try and grab this. Let you guys know how it goes! It was only $763,000 last time!
  Previous TopicReplies: 4 / Views: 260Next Topic  
 
To participate in the forum you must log in or register.





Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2021 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2021 Coin Community Forums
It took 0.55 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05