1836 Reeded Edge 50C NGC MS62. The
capped bust design as executed by Christian Gobrecht.
Traditionally listed with a mintage of 1,200 pieces,
this number is now disputed as the number of survivors
seems to be too high for this reported mintage. Occasionally
considered to be a pattern, and listed in the Judd book
(J-57, R-2) newer editions now note that this, in fact,
is an issue struck for regular circulation. As proof,
most of the survivors are in VF and EF grades indicating
regular circulated in the 1830’s.
The premier coin struck on a steam powered press,
the issue has been popular since these were struck.
As a result, more than a handful pieces were probably
saved as souvenirs by Mint workers. However, with
the demand for these coins, uncirculated pieces are
few and far between. The 2nd Philadelphia brought
many improvements to the US mint, and the introduction
of the steam powered press was one of them. This and
other improvements were introduced after Franklin
Peale returned from a 2 year trip to Europe.
The capped bust design used on this design was copied
from the original design made by John Reich in 1807.
Several differences in the execution are noted on
the obverse. On the reverse, the denomination is spelled
out as “50 Cents”, and not as “50
C” as was the case with the lettered edge half
dollar. Struck with a reeded edge, these are true
pieces of art.
Graded MS-62 by NGC, the present piece is a lovely
toned coin. Some scattered marks account for the grade
given by NGC. No major marks show on either side.
Satin luster is visible under toning highlighted by
shades of green, blue and rose. An original coin of
this ever popular issue with a low mintage.