1936 50C Gettysburg MS (PCGS# 9305)

2007 St. Louis, MO (CSNS) Signature Coin Auction #434

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2523
  • Grade:
    MS68
  • Price:
    $48,875.00
Lot Description
1936 50C Gettysburg MS68 PCGS. North and South, Blue and Gray, the War Between the States ... the Civil War. Whatever the name, there is little doubt that those four years of bloodshed irrevocably changed the nation. Commemorating the 75th anniversary of the Battle of Gettysburg, the pivotal battle of the war, seems worthy of a coin. The authorization came in 1936, however, and in keeping with the attitudes of distributors at the time, various attempts to wring more money from collectors soon followed. Even before the bill authorizing the coins had become law, the Pennsylvania State Commission, promoters of the issue, had pressed for a three-way split between the Mints, though this effort failed. In addition, the commission's desire to get funds as quickly as possible led to a bizarre situation: The coins were dated 1936 (as required by the legislation) and struck in 1937, even though the event would not take place until 1938. Even with their rush to put the coins on the market as quickly as possible, the commission missed the market peak in 1936, and the subsequent slide in prices made collectors wary of new issues. Of the 50,028 pieces struck, 23,100 of them were sent to the melting pot. Unlike many of the classic commemorative issues, the Gettysburg coins meet high standards of quality, and like most examples, this piece has strong, slightly frosty luster. The surface preservation, on the other hand, is distinctly finer, with none of the usual ticks or abrasions visible anywhere on the coin. Each side has distinctly different toning; the obverse has splashes of gold, peach, and violet against silver-gray, while the reverse displays rich orange, magenta, mint-green, and plum patina. A gorgeous, simply outstanding representative, tied for the finest known with an MS68 and MS68 S at NGC and one other certified by PCGS (3/07). From The Cary & Cheryl Porter Collection.
View the Original Auction