Heritage. A toned example with nice surfaces and with luster, and overall covered by light toning. This coin was bought in an old first generation PCGS holder from a Heritage Auction. The image shows the coin's surfaces nicely. The last of the three issues exported to the Philippines, and like the 98-S and 99-S is hard to find since so many were sent away and were circulated. This is not an easy date to find in gem and better.
David Akers: The 1900-S is one of the unheralded rarities of the Barber Half Dollar series. It actually ranks in the top 20% of the series in terms of overall mint state rarity and Gems are especially elusive, very similar actually to Gems of the 1900-O issue.
Purchased by J.M. Clapp directly from the San Francisco Mint in 1900 - John H. Clapp - Clapp estate, 1942 - Louis E. Eliasberg, Sr. - Bowers & Merena 4/1997:2090 - John C. Hugon - Heritage 1/2005:4225, $23,000
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