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Lot 33446

Image Information

Type Coin
Title Lot 33446
Date 1815/2
Country U.S.
Service Catalog # 6108
Denomination 50C
Description 1815/2 50C MS64+ NGC. CAC. O-101a, R.3. Ex: "Col." E.H.R. Green. Vivacious album toning frames the silver centers. Cartwheel luster is intense and undisturbed. The centers are silver-gray and gold-tinged, melding into deeper amber and sky-blue shades near the rims. Light clash marks are standard. A fully struck 1815, however, is far from standard. The issue is plagued by weakly struck central devices. The Newman coin is a delightful exception to the rule. Pay special attention to Liberty's curls above and behind her ear. Note also the clasp and drapery lines. On the reverse the eagle's beak and claws are threateningly sharp. The surfaces of the coin are magnificent, as expected of a Choice Uncirculated coin. Students of the Bust half series know that only 47,150 examples of the half dollar were struck in 1815, all from a single die pair. Even in great collections a few coins will stand out. The earlier offered 1796 quarter is one. The Newman 1815 half is another. As the key date to the Capped Bust series the 1815 carries its own charisma. Its popularity, in fact, has a downside. The date is too often the subject of "improvement projects." Countless examples have been cleaned, scratched, recolored or otherwise abused and tortured. A pristine example such as the Newman coin is a cause for celebration and, we are sure, furious bidding. NGC has graded two 1815s MS65. One is the Overton Plate Coin, which shares the "look" and originality of the Newman coin. The fabulous Kaufman NGC MS66+ brought $182,125 in our August 2012 Philadelphia ANA Sale (lot 5143). It is useful to explore the reason that 1815 saw such a low mintage of half dollars. The "War of 1812," was punctuated by an invasion by British forces in mid-1814 and the torching of the White House. The uncertainties of war led to the hoarding of gold and silver. For most of 1815 the Mint lacked gold or silver bullion deposits from which to strike coins. The war with the British officially ended with the U.S. Senate's ratification of the Treaty of Ghent on February 16, 1815. By year's end the flow of gold and silver resumed in a limited way. The Mint once again began to strike half dollars. The entire delivery of 47,150 half dollars bearing an 1815 date was made January 10, 1816 -- one day before a fire at the Mint destroyed the rolling and drawing mills, as well as the melting room, halting gold and silver coinage again until 1817. 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 @ $50.00; Eric P. Newman Numismatic Education Society. Realized $117,500.00 . Description courtesy of Heritage Auctions,

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