1838-O 50C (Proof)

Series: Capped Bust Half Dollars 1817-1839

PCGS PR64

PCGS PR64

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PCGS PR64

PCGS PR64

PCGS PR63

PCGS PR63

PCGS #:
6226
Designer:
Christian Gobrecht
Edge:
Reeded
Diameter:
30.00 millimeters
Weight:
13.36 grams
Mintage:
20
Mint:
New Orleans
Metal:
90% Silver, 10% Copper
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 6 R-9.7 N/A N/A
60 or Better 3 R-9.8 N/A N/A
65 or Better 0 R-10.1 N/A N/A
Survival Estimate
All Grades 6
60 or Better 3
65 or Better
Numismatic Rarity
All Grades R-9.7
60 or Better R-9.8
65 or Better R-10.1
Relative Rarity By Type All Specs in this Type
All Grades N/A
60 or Better N/A
65 or Better N/A
Relative Rarity By Series All Specs in this Series
All Grades N/A
60 or Better N/A
65 or Better N/A

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PCGS PR64BM

H.O. Granberg; Waldo Newcomer; William H. Woodin, around 1915 (sold en bloc); B. Max Mehl, 1932 (sold en bloc); "Colonel" E.H.R. Green; Green Estate, June 1936; to Burdette G. Johnson, by sale, June 1942; Johnson to James Macallister via private treaty, September 9, 1942 – $1,200; Maurice A. Ryan, by sale; B. Max Mehl, June 1945, Lot 936 – $1.875; Will W. Neil; “Will W. Neil Collection,” B. Max Mehl, June 1947, Lot 580; James A. Stack; “James A. Stack Collection,” Stack’s, March 1975, Lot 415; Julian Leidman; Steve Ivy Numismatic Auctions, August 1982, Lot 2320; Anthony Terranova to Kevin Lipton; George Vogt; RARCOA, August 1984, Lot 1666; David Queller; “Queller Family Collection of United States Half Dollars, 1794-1963,” Stack’s, October 2002, Lot 446 – $184,000; D. Brent Pogue; “D. Brent Pogue Collection, Part IV,” Stack’s Bowers / Sotheby’s, May 24, 2016, Lot 4007 – $493,500. Pale blue with dappled gold and pewter grey along the periphery. Diagonal mark from Star 3 to nose.

1 PCGS PR64BM

“Colonel” E.H.R. Green; “The W.G. Baldenhofer Collection,” Stack’s, November 1955, Lot 708 – $3,200; “The Robert Pelletreau Collection,” Stack’s, March 1959, Lot 782 – $4,000; Jerome L. Cohen; Lester Merkin; Q. David Bowers; “The Charles Jay Collection,” Stack’s, October 1967, Lot 181 – $14,000; “The Dr. E. Yale Clarke Collection,” Stack’s, October 1975, Lot 253 – $43,000; Julian Leidman; “The Bryan Collection,” NASCA, October 1977, Lot 708; Julian Leidman; "Auction '82," Paramount Auctions, August 1992, Lot 1689 – $47,500; unknown intermediary; Heritage Auctions, June 2005, Lot 6244 – $632,500; "The Greensboro Collection," Heritage Auctions, January 10, 2013, Lot 5644 – $734,375. Gold toning on the interior, pleasing cobalt toning around the periphery.

1 PCGS PR64BM

“The Robert Coulton Davis Collection,” New York Coin & Stamp, Co. January 1890, Lot 655 – $51; purchased by Samuel Hudson and Henry Chapman; unknown intermediaries; Martin Luther Beistle; “Colonel” E.H.R. Green; Burdette G. Johnson to Stack’s via private treaty, August 20, 1942 – $1,200, August 20, 1942; Stack’s to Louis E. Eliasberg, Sr. via private treaty, October 1942 – $1,400. As “PR63.” “The Louis E. Eliasberg, Sr. Collection,” Bowers and Merena, April 1997, Lot 1911 – $121,000; Andrew Lustig and Don Kagin; John Albanese, purchased and sold in 2005; As NGC PF64 CAC #685827-001. “The Smoke Rise Collection,” Heritage Auctions, January 9, 2014, Lot 5249 – $763,750; Private Collector; Heritage Auctions, May 12, 2015, Lot 98459 – $646,250. As PCGS PR64 #25631608.  Golden-red hue with blue and green toning along the periphery. Toning spot on Liberty's chest. Smaller toning spot on Liberty's cheek.

4 PCGS PR63BM

"Colonel" E.H.R. Green; "The William Cutler Atwater Collection," B. Max Mehl, June 1946, Lot 555; Unknown Intermediaries. As "Brilliant Proof." "The Reed Hawn Collection," Stack's, August 1973, Lot 122 - $41,000. Offered for sale for $100,000 by General Merchandise Co. in the October 1974 issue of Numismatic Scrapbook Magazine. As "Brilliant Proof 60." "Auction '79," Superior Stamp & Coin Co., August 1979, Lot 1569 - $62,000. As PCGS PR63. "The James Bennett Pryor Collection," Bowers and Merena, January 1996, Lot 94 - $104,500; Doug Noblet; Bowers and Merena, October 2000; Heritage to Madison Collection via private treaty, September 2005; As PCGS PR63 #03055054. "The Sid and Alicia Belzberg Collection." Heritage Auctions, February 14, 2008, Lot 600 - $632,500; "The Jenkins Family Collection," Heritage Auctions, January 4, 2018, Lot 4861 - $444,000Blue-gray toning. Rim hit above breast. Diagonal mark to the right of Star 5. Horizontal mark to the left of Star 9.

4 PCGS PR63BM

“Colonel” E.H.R. Green; Burdette G. Johnson; Wayte Raymond; J.G. Macallister; probably Charles M. Williams; Numismatic Gallery, June 1950, Lot 1073; Numismatic Gallery, August 1953, Lot 1873; "The R.E. Cox, Jr. Collection," Stack's, April 27, 1962, Lot 1873 - $9,500, to Empire Coin Co.; Hazen B. Hinman. As "Brilliant Proof." “The Century Collection (Hinman),” Paramount, April 1965, Lot 1151; Unknown Intermediaries; Bowers and Ruddy; “The Ellis H. Robison Collection,” Stack’s, February 1982, Lot 1605; Marvin Browder; David W. Akers; As PCGS PR63BM #38283581. “The E. Horatio Morgan Collection,” Stack’s Bowers, November 15, 2019 – Lot 7197 – $504,000. Golden brown toning on both sides. 

4 PCGS PR63BM
7 PCGS PR50BM

New Orleans Collector, valued at $40; “The Ferguson Haines Collection,” Samuel Hudson & Henry Chapman, October 1888, Lot 483; purchased by the Chapman brothers (per Carl Carlson); George Bauer; Samuel Hudson & Henry Chapman, February 1903, Lot 1149 – $250, purchased by Virgil Brand; Wayte Raymond; F.C.C. Boyd, purchased on August 5, 1942 for $713; “The World’s Greatest Collection Boyd),” Numismatic Gallery, April 1945, Lot 410 – $1,600; Eastern Collector; Stack’s; “The F.S. Guggenheimer Collection,” Stack’s, January 1953, Lot 830 - $3,400; “The Charles A. Cass / Empire Collection,” Stack’s, November 1957, Lot 1344 – $4,000; New Netherlands Coin Company; Jerome L. Cohen; Kreisberg-Schulman, April 1967, Lot 1065; Abner Kreisberg, June 1970, Lot 1044; Stack’s, August 1971, Lot 804. As "Extremely Fine." “The Dr. George Oviedo Collection,” Stack’s, September 1983, Lot 830 - $40,700; “The George Byers Collection,” Stack’s, October 18, 2006, Lot 1097 – $253,000. As PCGS PR50BM #25575144. Offered by Rich Uhrich Coins in December 2014 for $425,000 Heritage Auctions, August 12, 2015, Lot 4057 – $293,750. Champagne-gold hue washes over steel grey surfaces. Thin hairline from Star 5 to Liberty's nose. 

8 Est PR45BM

“Colonel” E.H.R. Green; Burdette Johnson to James Macallister via private treaty, September 9, 1942 – $875; “The Anderson DuPont Collection,” Stack’s, November 1954, Lot 2104; The Gottschalk Collection; Federal Coin Exchange, 1957, Lot 1535A; “The TAD Collection (Dorothy Nelson)”; Stack’s, March 13, 1975, Lot 415 – $50,000; Julian Leidman; Steve Ivy; Manfra, Tordella and Brookes. As "AU50." Kagin’s, August 16, 1983, Lot 2494 – $27,000; “Dr. Jasper L. Robertson Collection,” Mid-American, May 1985, Lot 392 – $32,500. As "About Uncirculated 50/50." Kagin’s, August 6, 1986, Lot 4657A – $33,000; “H.W. ‘Woody’ Blevins Collection,” Superior Galleries, June 1988, Lot 3567 – $44,000; Bowers and Merena, March 1989, Lot 2000 – $35,200; Vintage Auctions, August 1989, Lot 202. As PCGS PR45 #12323807. “The Yoder Family Collection, Part One,” Heritage Auctions, April 17, 2008, Lot 2310 – $276,000. Cleaned a long time ago and retoned. Hairlines and wear. Not currently in a PCGS holder.

9 Est PR Details

New Orleans Mint to Mint Director Robert M. Patterson; United States Mint Cabinet; National Numismatic Collection at the Smithsonian Institution.

#1 PCGS PR64BM

H.O. Granberg; Waldo Newcomer; William H. Woodin, around 1915 (sold en bloc); B. Max Mehl, 1932 (sold en bloc); "Colonel" E.H.R. Green; Green Estate, June 1936; to Burdette G. Johnson, by sale, June 1942; Johnson to James Macallister via private treaty, September 9, 1942 – $1,200; Maurice A. Ryan, by sale; B. Max Mehl, June 1945, Lot 936 – $1.875; Will W. Neil; “Will W. Neil Collection,” B. Max Mehl, June 1947, Lot 580; James A. Stack; “James A. Stack Collection,” Stack’s, March 1975, Lot 415; Julian Leidman; Steve Ivy Numismatic Auctions, August 1982, Lot 2320; Anthony Terranova to Kevin Lipton; George Vogt; RARCOA, August 1984, Lot 1666; David Queller; “Queller Family Collection of United States Half Dollars, 1794-1963,” Stack’s, October 2002, Lot 446 – $184,000; D. Brent Pogue; “D. Brent Pogue Collection, Part IV,” Stack’s Bowers / Sotheby’s, May 24, 2016, Lot 4007 – $493,500. Pale blue with dappled gold and pewter grey along the periphery. Diagonal mark from Star 3 to nose.

#1 PCGS PR64BM

“Colonel” E.H.R. Green; “The W.G. Baldenhofer Collection,” Stack’s, November 1955, Lot 708 – $3,200; “The Robert Pelletreau Collection,” Stack’s, March 1959, Lot 782 – $4,000; Jerome L. Cohen; Lester Merkin; Q. David Bowers; “The Charles Jay Collection,” Stack’s, October 1967, Lot 181 – $14,000; “The Dr. E. Yale Clarke Collection,” Stack’s, October 1975, Lot 253 – $43,000; Julian Leidman; “The Bryan Collection,” NASCA, October 1977, Lot 708; Julian Leidman; "Auction '82," Paramount Auctions, August 1992, Lot 1689 – $47,500; unknown intermediary; Heritage Auctions, June 2005, Lot 6244 – $632,500; "The Greensboro Collection," Heritage Auctions, January 10, 2013, Lot 5644 – $734,375. Gold toning on the interior, pleasing cobalt toning around the periphery.

#1 PCGS PR64BM

“The Robert Coulton Davis Collection,” New York Coin & Stamp, Co. January 1890, Lot 655 – $51; purchased by Samuel Hudson and Henry Chapman; unknown intermediaries; Martin Luther Beistle; “Colonel” E.H.R. Green; Burdette G. Johnson to Stack’s via private treaty, August 20, 1942 – $1,200, August 20, 1942; Stack’s to Louis E. Eliasberg, Sr. via private treaty, October 1942 – $1,400. As “PR63.” “The Louis E. Eliasberg, Sr. Collection,” Bowers and Merena, April 1997, Lot 1911 – $121,000; Andrew Lustig and Don Kagin; John Albanese, purchased and sold in 2005; As NGC PF64 CAC #685827-001. “The Smoke Rise Collection,” Heritage Auctions, January 9, 2014, Lot 5249 – $763,750; Private Collector; Heritage Auctions, May 12, 2015, Lot 98459 – $646,250. As PCGS PR64 #25631608.  Golden-red hue with blue and green toning along the periphery. Toning spot on Liberty's chest. Smaller toning spot on Liberty's cheek.

#4 PCGS PR63BM

"Colonel" E.H.R. Green; "The William Cutler Atwater Collection," B. Max Mehl, June 1946, Lot 555; Unknown Intermediaries. As "Brilliant Proof." "The Reed Hawn Collection," Stack's, August 1973, Lot 122 - $41,000. Offered for sale for $100,000 by General Merchandise Co. in the October 1974 issue of Numismatic Scrapbook Magazine. As "Brilliant Proof 60." "Auction '79," Superior Stamp & Coin Co., August 1979, Lot 1569 - $62,000. As PCGS PR63. "The James Bennett Pryor Collection," Bowers and Merena, January 1996, Lot 94 - $104,500; Doug Noblet; Bowers and Merena, October 2000; Heritage to Madison Collection via private treaty, September 2005; As PCGS PR63 #03055054. "The Sid and Alicia Belzberg Collection." Heritage Auctions, February 14, 2008, Lot 600 - $632,500; "The Jenkins Family Collection," Heritage Auctions, January 4, 2018, Lot 4861 - $444,000Blue-gray toning. Rim hit above breast. Diagonal mark to the right of Star 5. Horizontal mark to the left of Star 9.

#4 PCGS PR63BM

“Colonel” E.H.R. Green; Burdette G. Johnson; Wayte Raymond; J.G. Macallister; probably Charles M. Williams; Numismatic Gallery, June 1950, Lot 1073; Numismatic Gallery, August 1953, Lot 1873; "The R.E. Cox, Jr. Collection," Stack's, April 27, 1962, Lot 1873 - $9,500, to Empire Coin Co.; Hazen B. Hinman. As "Brilliant Proof." “The Century Collection (Hinman),” Paramount, April 1965, Lot 1151; Unknown Intermediaries; Bowers and Ruddy; “The Ellis H. Robison Collection,” Stack’s, February 1982, Lot 1605; Marvin Browder; David W. Akers; As PCGS PR63BM #38283581. “The E. Horatio Morgan Collection,” Stack’s Bowers, November 15, 2019 – Lot 7197 – $504,000. Golden brown toning on both sides. 

#4 PCGS PR63BM
#7 PCGS PR50BM

New Orleans Collector, valued at $40; “The Ferguson Haines Collection,” Samuel Hudson & Henry Chapman, October 1888, Lot 483; purchased by the Chapman brothers (per Carl Carlson); George Bauer; Samuel Hudson & Henry Chapman, February 1903, Lot 1149 – $250, purchased by Virgil Brand; Wayte Raymond; F.C.C. Boyd, purchased on August 5, 1942 for $713; “The World’s Greatest Collection Boyd),” Numismatic Gallery, April 1945, Lot 410 – $1,600; Eastern Collector; Stack’s; “The F.S. Guggenheimer Collection,” Stack’s, January 1953, Lot 830 - $3,400; “The Charles A. Cass / Empire Collection,” Stack’s, November 1957, Lot 1344 – $4,000; New Netherlands Coin Company; Jerome L. Cohen; Kreisberg-Schulman, April 1967, Lot 1065; Abner Kreisberg, June 1970, Lot 1044; Stack’s, August 1971, Lot 804. As "Extremely Fine." “The Dr. George Oviedo Collection,” Stack’s, September 1983, Lot 830 - $40,700; “The George Byers Collection,” Stack’s, October 18, 2006, Lot 1097 – $253,000. As PCGS PR50BM #25575144. Offered by Rich Uhrich Coins in December 2014 for $425,000 Heritage Auctions, August 12, 2015, Lot 4057 – $293,750. Champagne-gold hue washes over steel grey surfaces. Thin hairline from Star 5 to Liberty's nose. 

#8 Est PR45BM

“Colonel” E.H.R. Green; Burdette Johnson to James Macallister via private treaty, September 9, 1942 – $875; “The Anderson DuPont Collection,” Stack’s, November 1954, Lot 2104; The Gottschalk Collection; Federal Coin Exchange, 1957, Lot 1535A; “The TAD Collection (Dorothy Nelson)”; Stack’s, March 13, 1975, Lot 415 – $50,000; Julian Leidman; Steve Ivy; Manfra, Tordella and Brookes. As "AU50." Kagin’s, August 16, 1983, Lot 2494 – $27,000; “Dr. Jasper L. Robertson Collection,” Mid-American, May 1985, Lot 392 – $32,500. As "About Uncirculated 50/50." Kagin’s, August 6, 1986, Lot 4657A – $33,000; “H.W. ‘Woody’ Blevins Collection,” Superior Galleries, June 1988, Lot 3567 – $44,000; Bowers and Merena, March 1989, Lot 2000 – $35,200; Vintage Auctions, August 1989, Lot 202. As PCGS PR45 #12323807. “The Yoder Family Collection, Part One,” Heritage Auctions, April 17, 2008, Lot 2310 – $276,000. Cleaned a long time ago and retoned. Hairlines and wear. Not currently in a PCGS holder.

#9 Est PR Details

New Orleans Mint to Mint Director Robert M. Patterson; United States Mint Cabinet; National Numismatic Collection at the Smithsonian Institution.

Charles Morgan:

The 1838-O Capped Bust Half Dollar Proof

The 1838-O Capped Bust Half Dollar Proof (#6226) stands as one of the most storied rarities in American numismatics. Ranked #30 in the 6th Edition of 100 Greatest U.S. Coins (2024), its history is shrouded in mystery. While the New Orleans Mint eventually produced 116,000 half dollars dated 1839, the status of the 1838-O remains a subject of intense debate.

Conflicting Origins: New Orleans or Philadelphia?

Though official mint records are silent on the total mintage, it is generally believed that 20 examples were struck, with no more than 11 known today (8 in PCGS holders). These coins first surfaced in numismatic circles around 1867, a period defined by a growing appetite for rarities among well-connected dealers and elite collectors.

Two primary theories dominate the discussion of their origin:

  • The Philadelphia Theory: In The Surprising History of the 1838-O Half Dollar (2012), David Stone and Mark Van Winkle suggest the coins were actually struck in Philadelphia as "showpieces" to demonstrate the new "O" mintmark for the branch mints. Stone cites 19th-century writings by Édouard Frossard and notes that the coins were produced on screw presses, whereas the New Orleans Mint had been sent steam presses.
  • The New Orleans Theory: Others dispute the Philadelphia origin, citing a lack of contemporary media coverage regarding the new mintmarks and a February 25, 1839, letter from New Orleans Chief Coiner Rufus Tyler to Mint Director Robert M. Patterson. Tyler reported that the reverse dies were too short for the press, forcing him to "splice" a die to test the machinery. Tyler claimed this makeshift setup produced 10 successful impressions before failing.

Note: If Tyler’s account explains the first 10 coins, researchers John Dannreuther and Kevin Flynn suggest the remaining 10 may have been struck later with more care, accounting for the "Prooflike" or "Specimen" qualities seen on surviving examples.

Noteworthy Pedigrees

Legend suggests these coins were intended as presentation pieces for dignitaries. One was reportedly given to Alexander Dallas Bache, President of the University of Pennsylvania, and another to Frances Parke Lewis Butler, the grand-niece of George Washington. No recently published pedigree affirms these ownership claims; however, examples have been traced to many of the most important numismatic cabinets in history: Atwater, Eliasberg Sr., Pogue, Stack, and most recently, "Elite."

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