PCGS Auction Prices
||The August 2013 Chicago ANA World's Fair of Money
||Impressive Gem Mint State 1837 Reeded Edge Half Dollar
1837 Capped Bust Half Dollar. Reeded Edge. 50 CENTS. GR-9. Rarity-1. MS-65 (PCGS). CAC.
Offered is one of the finest examples of this short-lived Reeded Edge type coin, issued only in the closing months of 1836 and 1837, before the denomination was changed from 50 CENTS to HALF DOL. starting in 1838. Perhaps FOUR BITS could have been selected instead, given the number of Spanish silver coins that Americans had seen in prior generations. The luster is commanding and the surfaces are moderately toned lilac-gold with a few areas leaning toward russet and blue near the rims. The strike is sharp with all the stars showing their radial lines and the separation of Liberty's curls full and complete. Similarly the reverse is bold too, right down the the feather tips and talons on the eagle. A thin die crack arcs across the upper obverse right through Liberty's cap into the stars that flank her. On the reverse the legends and denomination also have a thin crack that encircles the entire coin. Interestingly a strong loupe finds no less than five separate clash marks, each quite shallow but can be counted as the dies slightly rotated between these clashing events. Clashing occurs when the dies strike each other without a planchet, thus imparting their designs into the opposing die. No doubt the feeding mechanism jammed on occasion as the planchets flowed into the press. This 1837 Gem half dollar represents a quantum leap forward in technology for the Mint, and brought the entire process of making coins into a far more automated and efficient operation.
PCGS Population: 18; 8 finer (Mint State-67 finest).