A collection of Capped Bust half dollars highlights Numismatic
Auctions LLC’s Dec. 1 sale.
The Money Tree #1 Collection, as the offering is called, features
nearly 430 different die varieties, as identified by Al C. Overton in
Early Half Dollar Die Varities, 1794-1836.
The highlight of the collection, according to Sheridan Downey, a
specialist who sold some of the pieces to the anonymous consignor, is
the Overton 106a 1814 Capped Bust half dollar graded Very Fine 35 by
Professional Coin Grading Service.
“It’s a very popular variety with a wonderful die break in a very
collectible grade, certified by PCGS,” he said. “That’s what today’s
collectors are dying to see.”
Bust coinage is a “two-tier” market, according to another
specialist, Brad Karoleff, separated between those coins that can be
“slabbed” and those that are not, whether by choice or quality
concerns that give grading services pause.
While Karoleff prefers Bust half dollars out of plastic, there is
one time it makes more sense, he said.
“There’s only one reason to slab it, and that’s to sell it, to make
it marketable to the masses,” Karoleff said. “There’s no need to put
mine in plastic, [since] they’re not ready to come to market. They’re
easier to play with, to study and to store without all that extraneous
plastic. That’s Brad the collector. Brad the dealer says let’s get
that in plastic.”
Pricing data for Capped Bust half dollars by die variety is not
tracked by general price guides, but Karoleff pointed to sales results
from an October 2011 auction by Heritage Auctions. A similarly graded
Overton 106a coin realized $489, he said.
The 1814 coin in the Dec. 1 auction is described by catalogers as
“original gunmetal iridescent toned.”
To learn more about the sale, telephone the firm at 517-394-4443 or
visit the firm's website.
More from CoinWorld.com:
you need to know before collecting 'classic' U.S. coins
of silver 1-ounce American Eagle bullion coins at United States
Mint silver supply depleted, classic-coin collecting advice
offered: Week's Most Read
finds 1969-S DDO Lincoln cent after searching through 12,000 cents
identify counterfeit 1900-O/CC Morgan dollar with links to Micro O fakes
Keep up with all CoinWorld.com news, insights and blogs by signing
up for our free eNewsletters, liking
us on Facebook, and following us on Twitter. We're also on Instagram!