||1806 50C Pointed 6, Stem MS64 NGC. O-123, Low R.5. Ex: "Col." E.H.R. Green. The present coin is probably the finest example of the O-123. Stephen Herrman lists no specimen graded finer than MS62 in his auction appearance survey. The peripheral design elements are all sharply detailed. Vibrant mint luster shines through vivid shades of cobalt-blue and golden-brown toning, creating exceptional eye appeal. The eagle's head and curls below Liberty's ear are soft, as on most examples of the die pair. The United States had no dependable domestic source of gold in the early 19th century, so mintages of gold coins were necessarily small. As the largest circulating silver coin, the half dollar was the most convenient option for banks to use as currency reserves and for businesses to settle large transactions. The 1806 Draped Bust half dollar was produced in large numbers to serve these purposes. Thirty die varieties are known for the date. Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman @ $7.50; Eric P. Newman Numismatic Education Society.
Realized $28,200.00 . Description courtesy of Heritage Auctions, ha.com.