1828 50C Overton 119 Sq Base 2, Sm 8's, Sm Lt MS (PCGS# 6152)

2013 November 15 - 16 Selections from the Eric P. Newman Collection Part II Signature Auction - New York #1190

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    33457
  • Grade:
    MS65 CAC
  • Price:
    $21,150.00
Lot Description
1828 50C Square Base 2, Small 8, Small Letters, MS65 NGC. CAC. O-119, R.3. Ex: "Col." E.H.R. Green. Yet another Gem from the Newman cabinet, this popular and scarce Guide Book variety is sharply detailed throughout. As with many examples of the O-119, the upper spaces of the A's in AMERICA are filled. Vivid shades of champagne-gold, lavender, and silver-gray toning visit the well-preserved surfaces. Add the coin's extravagant luster and we have a specimen with humbling eye appeal. From a selection of 23 die pairs in 1828 only the O-119 comes with small letters in the reverse legend. With a rarity rating of R.3, such examples are very difficult to locate. The supply of high grade specimens is insufficient to ease the pressure placed on the issue by both die variety and Guide Book variety collectors. NGC has graded but one other "Small Letters Reverse" MS65 and a single MS66. We are not aware of any other Gems. Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $4.00; Eric P. Newman Numismatic Education Society.
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