1904 50C MS (PCGS# 6498)

2012 October 18-21 ANA US Coins Signature Auction - Dallas #1175

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    Heritage Auctions
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Lot Description
1904 50C MS67+ PCGS Secure. CAC. Ex: Duckor. Boldly defined from perfect obverse and reverse dies, this magnificent Superb Gem clearly qualifies as a fully struck Barber half dollar. Both sides have intense multicolored toning that ranges from golden-brown at the centers, through emerald-green and violet, to deep gold and russet at the borders. The lustrous devices seem to float across the satiny fields of this incredible specimen. Like nearly all other Philadelphia Mint Barber half dollars, the 1904 is a great condition rarity. The original mintage was nearly 3 million coins, yet few have survived in Gem grades. In fact, the 1904 and 1904-O have nearly identical PCGS Gem populations, with 13 and 12 coins certified, respectively. David Akers wrote in the Price catalog: "This issue is one of the most underrated in the entire series, but its rarity is recognized and appreciated by relatively few. All mint state grades considered, it is perhaps slightly less rare than the 1903, but it is every bit as rare as the 1903 in Gem condition." The Price coin, incidentally, was called "Very Choice Uncirculated," perhaps the equivalent of an MS64 grade. This peerless half dollar is far and away finer than any others that we have seen or heard of. Given a PCGS Plus grade, it shares the MS67 designation with a single coin at PCGS. NGC has never graded an example better than MS66. Prior to offering this identical coin in our Boston Signature sale in 2010, Heritage Auctions was privileged to offer MS66-graded coins on six different occasions, representing just four different pieces, since 1993. Those are the best we have had the pleasure of offering in the past, and now comes this MS67+ PCGS specimen, truly a coin for the connoisseur. Population: 1 in 67 (1 in 67+), 0 finer (9/12). Ex: Dale Friend; Dr. and Mrs. Stephen Duckor; Boston Signature (Heritage, 8/2010), lot 3209.
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