Many collectors view the series of Proof Half Cents produced from 1840 to 1848 as monolithic in the sense that all were produced in the same quantities and that restrikes were produced in similar quantities to satisfy collector demand. However such is not the case. In fact, at least one coin, the 1847 "First Restrike" (Reverse of 1856) stands out as a great rarity, defying the belief that all are the same.
Only two examples are known with certainty. The first is the Missouri Cabinet coin, which sold in early 2014 for a remarkable $80,500 -- the highest price realized in that sale by any of the First Restrikes from the 1840s. The second is an example off the market since 1974, when it last appeared in a Kagin's auction. Breen listed three examples, not recognizing that the Kagin's coin was a reappearance of the Stack's 11/1974 example. Coleman listed four examples, but could only verify two of them. This variety was missing from the Garrett, Eliasberg, Norweb collections and from every other classic collection. McGuigan, who now owns the best set following the dispersal of the Missouri Cabinet, still does not own one.
Harlan P. Smith Collection - S. H. & H. Chapman 5/1906:1225, $37.50 - George H. Earle, Jr. Collection - Henry Chapman 6/1912:3673, $42.50 - Charles M. Williams Collection - Numismatic Galleries FPL #68 11/1950:767 - probably later in Hollinbeck Kagin Coin Company Sale #279, 9/16/1968:1120, $2,150 - Kagin's "Sale of the 70'," 11/1973:985, $5,750 - Heritage 9/2011:3108 (via Chris McCawley) - R. Tettenhorst Collection - Missouri Cabinet (Mocab 47.2.1) - Goldbergs 1/2014:181, $80,500
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