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SERIES: Classic Head Half Cents 1831-1836
LEVEL: Year, MintMark, & Major Variety

1831 1/2C Second Restrike Rev of 1840 Design, BN (Proof)

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PCGS PR66BN

PCGS PR66BN

PCGS PR64+BN
PCGS #:
1192
Diameter:
23.50 millimeters
Designer:
John Reich
Weight:
5.44 grams
Edge:
Plain
Mintage:
12
Metal Content:
Copper
Auction Record:
$80,500 • PCGS PR64 • 1-26-2014 • Ira & Larry Goldberg
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  • 62
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  • 64
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  • 66
62
10,000
1
62
62+
11,500
62+
63
17,500
63
63+
19,500
63+
64
25,000
64
64+
27,500
1
64+
65
35,000
65
65+
40,000
65+
Condition Census (Explain)
Pos Grade Thumbnail Pedigree and History
1 PR66BN PCGS grade

Byron Reed Collection (purchased before 1891) - Western Heritage Museum - Spink America & Christie's 10/1996:3 (as Raw Choice to Gem Proof), $37,400 - Bill Weber Collection - Superior Galleries 6/2002:2378 - American Numismatic Rarities 1/2004:1073, $34,500 - ESM Collection

1 PR66BN PCGS grade

Bowers & Ruddy 6/1980:3019, $4,800 - R.E. "Ted" Naftzger, Jr. Collection - American Numismatic Rarities 7/2005:611, $31,050 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 3/2017:5075

1 PR66BN PCGS grade  
4 PR64+BN PCGS grade

Dr. Henry Richard Linderman (Director of the United States Mints and Assay Offices) 1/27/1879 - Bangs & Co. 6/28/1887 (During his administration Dr. Linderman gathered a choice collection of specimen coins, which were to be sold by auction in New York in 1887, but the U. S. government claimed them and the Bangs sale was cancelled.) - Scott Stamp and Coin Co. 2/1888:15 - possibly to Virgil Brand in 1904, his coin #27730 (sold 5/13/1944 for $50 to T. C. Brandts of Celina Coin Company) - King Farouk I of Egypt - Sotheby’s "The Palace Collections of Egypt" February 24-28 and March 3-6, 1954:1700 (group lot of 69 varieties of half cents, 1793-1857) $4,821 - Hans M. F. Schulman - Norweb Collection - Bowers & Merena 10/1987:81, $41,800) - R. Tettenhorst Collection - Eric P. Newman Numismatic Education Society - Missouri Cabinet (Mocab 31.3.1) - Goldbergs 1/2014:127, $80,500

Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 PR66BN PCGS grade

Byron Reed Collection (purchased before 1891) - Western Heritage Museum - Spink America & Christie's 10/1996:3 (as Raw Choice to Gem Proof), $37,400 - Bill Weber Collection - Superior Galleries 6/2002:2378 - American Numismatic Rarities 1/2004:1073, $34,500 - ESM Collection

1 PR66BN PCGS grade

Bowers & Ruddy 6/1980:3019, $4,800 - R.E. "Ted" Naftzger, Jr. Collection - American Numismatic Rarities 7/2005:611, $31,050 - D. Brent Pogue Collection - Stack's/Bowers & Sotheby's 3/2017:5075

1 PR66BN PCGS grade  
4 PR64+BN PCGS grade

Dr. Henry Richard Linderman (Director of the United States Mints and Assay Offices) 1/27/1879 - Bangs & Co. 6/28/1887 (During his administration Dr. Linderman gathered a choice collection of specimen coins, which were to be sold by auction in New York in 1887, but the U. S. government claimed them and the Bangs sale was cancelled.) - Scott Stamp and Coin Co. 2/1888:15 - possibly to Virgil Brand in 1904, his coin #27730 (sold 5/13/1944 for $50 to T. C. Brandts of Celina Coin Company) - King Farouk I of Egypt - Sotheby’s "The Palace Collections of Egypt" February 24-28 and March 3-6, 1954:1700 (group lot of 69 varieties of half cents, 1793-1857) $4,821 - Hans M. F. Schulman - Norweb Collection - Bowers & Merena 10/1987:81, $41,800) - R. Tettenhorst Collection - Eric P. Newman Numismatic Education Society - Missouri Cabinet (Mocab 31.3.1) - Goldbergs 1/2014:127, $80,500

Ron Guth: The 1831 Half Cent with the reverse of the Braided Hair type is clearly a restrike made at a later date.  All were struck as Proofs and the mintage was extremely low.  Some researchers have suggested that as many as a dozen were made, but that is pure speculation since no mint records exist for early American Proof coins.  Today, at least five demonstrably different examples are known and there may be as many as two additional examples.  These restrikes were made with the sole purpose of creating rarities for sale to collectors who desired to own an example of the rare 1831-dated Half Cent.  Today, they are eagerly sought after as important collectibles.  The finest example known is the PCGS PR66RB coin from the Louis Eliasberg collection (now part of Jim McGuigan's fabulous collection of Half Cents).