1838 Capped Bust Half Dollar. Reeded Edge. HALF DOL. GR-2. Rarity-3.

1838 Capped Bust Half Dollar. Reeded Edge. HALF DOL. GR-2. Rarity-3. AU-58 (NGC). Bright, attractive, and nearly fully brilliant apart from pale lilac iridescence that becomes visible under a bright light. A die line within the lower loop of the 3 immediately identifies this as the GR-2 variety. The obverse die is unique to this pairing, and this diagnostic is not found on any other 1838 die. Die lines behind RI of AMERICA fade away in later die states but remain visible here, confirming this as an earlier die state example. This is another variety for which Mint State coins are genuinely tough, while Choice AU examples still qualify for the Condition Census and offer a compelling alternative. Sharply struck devices, minimally abraded surfaces, and strong eye appeal provide further reasons to pursue this example. Jim Koenings Commentary: My records of sales lists 36 specimens. Koenings' Newsletter #64 rated the variety R-3 (201 to 500 known). Finding a higher-grade specimen may be difficult. Provenance: From the Jim Koenings Collection. Earlier from Heritage's Long Beach Signature Auction of June 2016, lot 7874. PCGS# 6177. NGC ID: 24G5. Click here for certification details from NGC.

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