Rare Coin Treasure: Numismatic Rarity Fetches $488,750

$488,750 This piece has transformed so much as a result of the effort that it now reads it as a news piece. (Rare Coin Treasure: Numismatic Rarity Fetches $488,750)

Historical Context

U.S. Congress in 1835 approved a branch mint for the service of coinage throughout the country. The ‘O’ mintmark identified and opened up the New Orleans Mint in 1838. One of the early half dollar coins struck at this mint is the 1838-O Capped Bust Half Dollar.

Strike and Scarcity

Estimated Mintage: Only 20 coins were possibly produced for the 1838-O Half Dollar.
Known Currently:** Currently there are just 9 samples left.
Technical Difficulties: Minting figures were small because of the early problems with operations at the Mint.

Design and Characteristics

Designer: Christian Gobrich
Composition: 90% silver and 10% copper
Diameter: 30 mm
Weight: 13.36 g
Edge: Reeded

Front: Freedom wears a Phrygian cap, encompassed by 13 stars speaking to the initial colonies of America.

Articulate reverse: An eagle with arrows and and the olive branch with the phrase “HALF DOL.” written on it.

Auction Records

It did set records at auction, even getting $488,750-the highest until now-for an 1838-O Capped Bust Half Dollar.

Date	Auction House	Grade	Price Realized
February 2008	Heritage Auctions	PR63BM	$632,500
November 2019	Stack’s Bowers	SP63	$504,000
January 2018	Heritage Auctions	SP64BM	$444,000

Price is Propped up by these elements

Condition (Grade): The cleaning and lustrousness of the coins compared to their grade is what increases their price; the potential for keeping is much higher in the best of condition among the coins.
Provenance: Coins are then much more evaluated by their clearer provenance.
Market Demand: The coin is scarcer and has a richer history; so collectors will think the coin more precious.
Eliasberg Sr. Collection and was one of the focal points in several major auctions.

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Investment Considerations

Qualification: This coin must be graded by a reputed grading service such as PCGS or NGC because it is exceptionally rare.
Market Research: Observe all ending auctions and market reports before and after the auction begins.
Preservation: It should be in-store under controlled ambient conditions.

Conclusion

The 1838-O Capped Bust Half Dollar is more than a coin. It is a landmark in the United States and in numismatics.This is an item of such historical and scarce value to both collector and investor. Numismatic treasure of all, the 1838 O Capped Bust Half-Dollar is an amazingly alluring currency. The rarity of it is unmatched: because of its uniqueness it gains high ranks in rich historical significance and extraordinary craftsmanship making it sought after by collectors and investors alike. co was auctioned for an amazing $488,750.in states volumes about how much value history and rarity can provide for the world of rare coins. This is the way toward numismatic passion for the more seasoned or even a history fanatic because it offers an undeniable ability to connect to events and possess some elements of our heritage.

FAQ

Q1: Why is the 1838-O Capped Bust Half Dollar so rare?

A. It is very rare because of limited production, coupled with some initial technical difficulties at the New Orleans Mint.

Q2: What does the “O” mint mark refer to?

A.It refers to coins that were produced at the New Orleans Mint.

Q3: How can I ensure that this coin is authentic?

A.Authentication can be acquired from a trusted grading service such as PCGS or NGC.

Q4: What elements determine the worth of this coin?

A.Grade, provenance, and market demand are among several factors that determine its effective value.

Q5: Where can you see or buy this coin?

A.Occasionally some will show up at the big auction houses, while some might offer in private collections or museums. You can get this coin by attending a coin show and/or contacting reputable dealers.