Half Dollar worth 1 million times its face value to be auctioned

The First Art Newspaper on the Net    Established in 1996 Friday, March 29, 2024


Half Dollar worth 1 million times its face value to be auctioned
The 1838-O Capped Bust Half Dollar valued at as much as $500,000.



SANTA ANA, CA.- Numismatic auction powerhouse Stack’s Bowers Galleries will be presenting for sale a famous and ultra-rare 1838-O Capped Bust Half Dollar at the Whitman Baltimore Winter Expo at the Baltimore Convention Center on Nov. 14, 2019.

Valued at as much as $500,000, the 1838-O is one of only nine known to exist from an estimated mintage of no more than 20 coins made of this first issue of half dollars from the then newly opened New Orleans Mint. This particular mint was established to produce coins of several different denominations at the time but its main focus was the 50 Cent Piece, which was needed to convert the flow of uneven quality Latin American silver coins into a sufficient quantity of new United States coins fit for banking and commerce.

However, technical issues and the spread of yellow fever in the area limited production of the coin for that year and very few were struck as a result. Now, the 1838-O Half Dollar is one of the most sought-after coins by collectors and enthusiasts alike due to its rarity and this particular specimen is one of the finest examples available.

A visually stunning example with distinctly sharp features, the surfaces are highly reflective and clearly indicative of a special striking. Light golden-orange peripheries and brief ice blue highlights mark the obverse, while the reverse displays light copper-rose and pale blue iridescence in the fields.

Of the nine known, the present offered piece is known as the Cox Specimen and has been off the market since the 1980s. It hails from "Colonel" E.H.R. Green, the son of the infamous “Witch of Wall Street” Hetty Green, who once owned no less than six (!) 1838-O half dollars. From there, it passed through the hands of several prominent collectors and dealers.

The 1838-O half dollar as an issue has myriad factors that make it a great numismatic coin, one that will forever be revered, studied and dreamed about. The present coin is a stunning example of the issue, and may well find itself off the market for another 40 years once it sells. The opportunity to acquire such an example may not present itself for some time, so serious collectors should carefully consider and take notice.

“This is one of those coins that every serious collector dreams about acquiring,” said Brian Kendrella, President of Stack’s Bowers Galleries. “It almost seems that it was fated to become a collector’s item from the day it was struck.”










Today's News

November 10, 2019

Napoleon's boots could sell for up to 80,000 euros

Newly discovered Artemisia work to go under hammer in Paris

Kusama arrives. It is worth your time to wait in line?

Philip Glass is too busy to care about legacy

Missing some stars, New York auctions push lesser-known artists

Early Mozart manuscript to go on sale in Paris

Soul of a Nation opens at de Young Museum

Finding himself in the Morgan

Iconic Beatles album cover photographer Freeman dies

Standing up for humanity in a world of screens

A landmark exhibition examines our inability to switch off from our 24/7 culture

Bonhams to auction 'Alligator' guitar owned and played by Jerry Garcia

Folklore & Avant-garde aims to reassess our understanding of modernism, a century after its development

Alternate Realities exhibition explores deepfakes, augmented reality and contemporary storytelling

CAPC Museum of Contemporary Art of Bordeaux opens an exhibition by Lubaina Himid

Tiancheng International sale highlights magnificent gemstones, diamonds and jadeite

Harvard Graduate School of Design opens new exhibition: Love in a Mist

Newly acquired children's book illustrations by Vladimir Radunsky now on view at Zimmerli

Philbrook hosts exhibition by prize-winning Pakistani-American artist Anila Quayyum Agha

Half Dollar worth 1 million times its face value to be auctioned

The House of Illustration presents 'W. E. B. Du Bois: Charting Black Lives'

Ultra-rare poster from Beatles' final tour headlines Heritage Auctions' Entertainment Auction

Largest collection of original hand-drawn vintage Disney animation art drawings offered at Heritage Auctions

The best acoustic guitar strings for fingerpicking




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

sa gaming free credit
Attorneys
Truck Accident Attorneys
Accident Attorneys

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful