1838 Capped Bust Half Dollar. Reeded Edge. HALF DOL. GR-16. Rarity-4.

1838 Capped Bust Half Dollar. Reeded Edge. HALF DOL. GR-16. Rarity-4. EF-45 (PCGS). The recut second 8 of the date is so boldly visible below the original digit that Graham calls this a "naked eye" variety. It is also a scarce variety, and examples are rarely encountered with pleasing, original surfaces; Mint State coins are a real prize. The present coin displays bright golden iridescence over fairly even slate-gray surfaces and is certainly among the more visually appealing examples seen. The late die state crack extending from Liberty's chin through star 3 and into the rim is just barely visible here. On the reverse, another crack extends from the olive leaves leftward through approximately half of the peripheral legend. Graham assigned the variety a Rarity-4 rating in 2012, while Koenings assigned it Rarity-5 in his 2024 census. Jim Koenings Commentary: Newsletter #64 (12-15-24) rated this die marriage R-5, compared with the earlier R-4 rating. It's the second rarest variety for the year, behind the GR-5 (R-6). The second digit 8 in the date is usually shows repunching at lower right, as here. Provenance: From the Jim Koenings Collection. PCGS# 6177. NGC ID: 24G5. Click here for certification details from PCGS.

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