1
111
bid online at
(800) 978-COIN (2646)
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Session Two - Sunday, June 1, 2014 Approx 12:00 PM
679
1833. Overton-104, Rarity 1
.
NGC graded AU-53
. Beauti-
ful antique gray toning, the surface quality is exemplary.
Pop 6;
16 finer for the variety, 5 in 55, 8 in 58, 1 in 61, 2 in 62.
Estimated Value ................................................... $300 - 330
680
1833. Overton-108, Rarity 1
.
PCGS graded AU-50
. Nice
blue toning.
Pop 3; 10 finer, 3 in 53, 4 in 55, 2 in 58, 1 in
66+.
(
PCGS # 39896
)
Estimated Value ................................................... $300 - 350
681
1833. Overton-102, Rarity 1
.
ANACS graded AU-50
. The
obverse exhibits a mix of electric blue, rose, and violet toning,
while the reverse shows a bluish ring around the edge and pas-
tel reddish color in the middle. The strong mint luster and nice
details make the coin solid for the grade. Housed in an ANACS
Old Style Holder.
Estimated Value ................................................... $200 - 225
682
1833. Overton-109, Rarity 3
.
ANACS graded EF-40
.
Toned on both sides. Housed in an ANACS Old Style Holder.
Estimated Value ................................................... $140 - 150
683
1833. Overton-112, Rarity 2
.
NGC graded EF-45
. Attrac-
tive antique grey toning mixed with hints of golden luster. Solid
for the grade with a choice eye appeal.
Estimated Value ................................................... $140 - 150
684
1833. Overton-101, Rarity 1
.
PCGS graded EF-45
. Exhib-
its antique grey toning on both sides. (
PCGS # 6163
)
Estimated Value ................................................... $130 - 140
685
1833. Overton-103, Rarity 2
.
PCGS graded EF-40
. Nice
light toning. (
PCGS # 6163
)
Estimated Value ................................................... $120 - 130
686
1833. Overton-106, Rarity 2
.
PCGS graded EF-40
. Nice
old time toning. (
PCGS # 6163
)
Estimated Value ................................................... $120 - 130
687
1833. Overton-105, Rarity 2
.
PCGS graded VF-35
. A hint
of tone. (
PCGS # 6163
)
Estimated Value ..................................................... $90 - 100
688
1834. Large date and letters. Overton-103, Rarity 2
.
PCGS graded EF-45
. Mostly untoned. (
PCGS # 6164
)
Estimated Value ................................................... $140 - 150
689
1834. Large date and letters. Overton-101, Rarity 1
.
PCGS graded EF-40.
CAC Approved
. Evenly toned on both
sides. Yet another outstanding, carefully selected specimen. It
must have taken the consigner years of endless searches to
hand-pick these charming specimens. Do not be surprised to
see strong competing prices once bidding begins on these Bust
Half Dollars. (
PCGS # 6164
)
Estimated Value ................................................... $130 - 140
690
1834. Large date and letters. Overton-102, Rarity 1
.
PCGS graded EF-45
. Attractively toned on both sides. (
PCGS
# 6164
)
Estimated Value ................................................... $130 - 140
691
1834. Large date, small letters. Overton-106, Rarity 1
.
PCGS graded AU-53.
CAC Approved
. Warm russet-gold ton-
ing with plenty of mint luster sparkling below. A handsome
offering. (
PCGS # 6165
)
Estimated Value ................................................... $300 - 330
692
1834. Large date, small letters. Overton-107, Rarity 1
.
NGC graded AU-53
. Lightly toned with some mint luster
remaining. Choice surfaces for what is often a well-abraded
19th Century Type.
Pop 6; 19 finer at NGC for the variety.
Historic Notation: From 1829 to 1834, or so says Neil Carothers
in his 1930 numismatic reference and must-have book "Frac-
tional Money," the question of currency reform was constantly
agitated. Forty years after the establishment of the mint the
coinage system was a discreditable failure. There were three
elements in the problem, the circulation of bank notes issued by
a host of state banks of every degree of financial integrity, the
disappearance of gold as the result of an adverse coinage ratio
[15 to 1], and the continued circulation of a non-decimal foreign
silver coinage [chiefly Spanish and Mexican] of degenerate con-
dition. The bank note question and the problem of gold coinage
were, perhaps, of the more fundamental importance, but the
problem of the fractional currency was more immediately press-
ing and more intimately bound up with the customs and daily
life of the people.
In June 1834 a coinage bill became law that altered the situa-
tion and did nothing to solve the problem of a shortage of small
silver coins. This bill's effect lasted the greater part of two
decades; until, that is, the gold discoveries of the California gold
rush upset the gold to silver balance once more. The essential
provision of the bill of 1834 reduced the weight of the standard
gold dollar from 24.75 grains of fine metal to 23.2 grain. In
effect, this changed the coinage ratio from 15 to 1 to 16.002 to
1. From a legal standpoint the law was a debasement of the
currency by approximately 3 percent. From the standpoint of
the fractional coinage it was an egregious blunder. By giving
gold a higher value as coin than it could command in the arts
Congress had deliberately provided for the cessation of silver
coinage. It had virtually adopted the gold standard without any
provision for a small change currency!
Estimated Value ................................................... $300 - 325
693
1834. Large date, small letters. Overton-108, Rarity 2
.
PCGS graded AU-50
. Nice even toning. Beautiful strike on
those hair curls. An attractive coin and solid for the grade.
(
PCGS # 6165
)
Estimated Value ................................................... $300 - 325
694
1834. Small date and letters. Overton-113, Rarity 1
.
PCGS graded AU-53
. Even dark toning on both sides. (
PCGS
# 6166
)
Estimated Value ................................................... $325 - 350
695
1834. Small date and letters. Overton-116, Rarity 1
.
PCGS graded AU-50.
CAC Approved
. Nice even toning.
(
PCGS # 6166
)
Estimated Value ................................................... $300 - 325
696
1834. Small date and letters. Overton-111, Rarity 1
.
PCGS graded AU-50
. Rich old time toning with bluish hue and
very well struck. An attractive original piece. (
PCGS # 6166
)
Estimated Value ................................................... $275 - 300
697
1834. Small date and letters. Overton-119, Rarity 4
.
PCGS graded EF-45
. Evenly toned. This interesting variety
has the so-called stair step date, comprised of "slender sharp
figures that are progressively lower and closer together from
left to right, hence the stair step designation". Parsley adds,
"mouth is slightly open and an ugly curl to upper lip. The most
prominent nose of any 1834." (He seems to have it in for poor
Lady Liberty!) Notable reverse feature is that the letters of
UNITED are recut. In earlier Overton editions, O-119 was given
a Rarity-3 rating. It has since been revised UPWARD to Rarity-4
for the current (soon to be replaced) Fourth Edition. Rarities
gatherers may want to make note of this. (
PCGS # 6166
)
Estimated Value ................................................... $200 - 225
