1919-D 50C MS (PCGS# 6578)

The August 2013 Chicago ANA World's Fair of Money

  • Auctioneer:
    Stack's/Bowers
  • Lot Number:
    2251
  • Grade:
    MS64
  • Price:
    $23,500.00
Lot Description
1919-D Walking Liberty Half Dollar. MS-64 (PCGS). OGH. Boldly, if not sharply struck in all areas, this impressive near-Gem also possesses full mint luster in a softly frosted texture. Overall smooth surfaces exhibit delicate gold and silver iridescence that varies in intensity as the coin rotates under a light.<br /> <br /> The end of World War I in 1918 resulted in an immediate contraction in the United States' economy, and the ensuing reduction in demand for circulating coinage had an immediate effect on Walking Liberty half dollar production the following year. Indeed, all three 1919-dated issues of this type have low mintages and are eagerly sought in all grades. The 1919-D was produced to the extent of just 1.1 million pieces, and survivors are elusive even in Extremely Fine and About Uncirculated grades. In Mint State, the 1919-D is a leading condition rarity in this popular, widely collected series. Jeff Ambio (<em>Collecting &amp; Investing Strategies for Walking Liberty Half Dollars</em>, 2008) ranks the 1919-D third in overall Mint State rarity among the 65 circulation strike issues of this type. When we consider that the 1919-D is also a leading strike rarity, it should come as no surprise to read that Ambio ranks this issue as the rarest Walking Liberty half dollar in MS-65 and higher grades. The author further states:<br /> <br /> <em>"When you consider that there is a nearly four-fold price increase for the 1919-D between the MS-64 and MS-65 grade levels, a premium quality MS-64 is a sensible buy. In order to guarantee that the coin you are purchasing really is premium quality for both the issue and the grade, insist on an above average strike that includes emerging definition to the central high points. I have even seen the occasional piece with sharp detail over Liberty's hand and the eagle's breast. If you can find one, such a coin would be a great buy."</em><br /> <br /> An excellent description of the example that we are offering in this lot, and
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