Ron Guth:
Many of the Half Dollar dates from the 1860's have small mintages relative to their branch mint counterparts and the 1868 is no exception. It shows a mintage of 417,600 pieces compared to 1,160,000 for the San Francisco Mint. As a result, the 1868 Half Dollar is much scarcer than might be expected, the price is much higher than that of a normal "type" coin, and it is surprisingly difficult to locate in Mint State (where the typoicla quality is a mid-range MS63. Gems are very rare, especially above MS65. Somewhere "out there" is a PCGS MS67 example that has never appeared at auction. As the sole Top Pop, it would easily set a new record price for this date.