Expert Comments

Ron Guth

In 1845, production of Half Dollars declined precipitously at the Philadelphia Mint to less than a third of the mintage of 1844.  The reason for the decline is unknown, but in 1846, production returned to a "normal" level of around two million coins.  As a result, the 1845 is a slightly scarcer date, and it is much more difficult to locate than price guides might indicate.  In Mint State, the 1845 Half Dollar is really tough, much more so than the 1845 and 1846.  Even so, the 1945 commands only a small premium in most grades, which makes it seem like an excellent value.

The finest example, and the one that has set the auction record thus far, is the PCGS MS64 (formerly NGC MS64+) from the Eric P. Newman Collection.

Diameter
30.00 millimeters
Designer
Thomas Sully/Christian Gobrecht
Edge
Reeded
Mintage
589000
Weight
13.36 grams
Metal Content
90% Silver, 10% Copper
Country
The United States of America
Pop Higher
24
Pop Lower
89
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates

Grades
65 or Better 375 R-6.2 10 / 66 TIE 21 / 126 TIE
All Grades 20 R-9.1 14 / 66 TIE 25 / 126 TIE
60 or Better 0 R-10.1 1 / 66 1 / 126

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS64 PCGS grade MS64 PCGS grade
1 MS64 PCGS grade MS64 PCGS grade

 "Colonel" E.H.R. Green Collection - Partnership of Eric P. Newman & B.G. Johnson (St. Louis Stamp & Coin Co.) - Eric P. Newman, who paid $7.50 - Eric P. Newman Numismatic Education Society - Heritage 11/2013:33704, $16,450

1 MS64 PCGS grade MS64 PCGS grade

Bowers & Merena 8/2010:548, not sold - Stack's/Bowers 11/2016:4297, $6,462.50 - Stiel Collection

1 MS64 PCGS grade

Richmond Collection - David Lawrence 3/2005:1677 - Joel Cherry of Mercury Numismatics, sold privately in 6/2007 - Eugene H. Gardner Collection - Heritage 6/2014:30489, $9,987.50

1 MS64 PCGS grade