In the last major auction of 2017, a beautifully toned 1795 Flowing
Hair half dollar graded Mint State 62 by Professional Coin Grading
Service brought $141,000, leading bidding at Legend Rare Coin
Auctions’ Dec. 14, 2017, Regency XXIV auction in Las Vegas. The half
dollar was previously offered at Heritage’s November 2013 auction of
selections from the collection of legendary collector Eric P. Newman,
where it sold for $129,250. It’s the second finest example of the
Overton 119 die pair, and Legend remarked that it “has a lot going for
it, ranking near the top of the condition census, a great pedigree,
and high-end look.”
Here is another coin, one of three gorgeous, high-grade 19th century
coins we present from the many that impressed bidders in the Regency XXIV sale.
1853 Seated Liberty, Arrows and Rays half dollar, PCGS MS-66, CAC Sticker
The year 1853 saw the U.S. Mint reduce the weight of the half dollar
from 13.36 grams to 12.44 grams. The addition of arrows at the date on
the obverse and rays around the eagle on the reverse advertised this
weight change to the public. The arrows stayed through 1855, although
the rays were omitted after 1853.
When we discuss the rare coin market in the
U.S., we are merely scratching the surface.
The larger market for rare coins in the United States is made up of
dozens of individual segments.
The result is a popular subtype coin, the 1853 Seated Liberty,
Arrows and Rays half dollar, which was struck at the Philadelphia and
New Orleans Mints. Legend offered one of the finest, a Philadelphia
Mint product graded Mint State 66 by PCGS and assigned a green sticker
by Certified Acceptance Corp. indicating quality within the grade.
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The lustrous 1853 Seated Liberty half dollar sold for $67,562.50,
just a little shy of its estimate of $70,000 to $75,000, with Legend
citing recent auction comparables at the $73,430 and $76,375 level in
its description. Legend concluded, “If you collect the VERY BEST Mint
State Seated Halves, or are building a top type set, this coin is
worthy of your consideration.”