1921-S 50C MS (PCGS# 6585)

2011 November 8-10 US Coins Signature Auction - Beverly Hills #1161

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    Heritage Auctions
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Lot Description
1921-S 50C MS61 NGC. The low mintages of the half dollars of 1921 at all three mints were a byproduct of the absurd Pittman Act silver dollar meltings, mandated in 1918 and which began in 1919 and continued through 1920. The Treasury was required to recoin new silver dollars to replace the 270 million that were melted, buying silver at $1/ounce regardless of the prevailing market price. Treasury finally began those silver purchases in May 1920 when prices softened. The glut of silver dollars produced in 1921 and the lack of coinage dies for any other denomination both conspired to keep minor silver coinage at a low ebb, whether dimes, quarters, or halves. This brilliant Mint State piece boasts a relatively strong strike for the issue, even though minor high-point softness appears at the top of the skirt lines, Liberty's head, and the eagle's leg and central breast. The soft mint luster is slightly frosted, with no mentionable marks. A lot of coin for the grade.
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