The Finest Known 1825 O-104 Half Dollar Featured in our March 2021 Las Vegas Auction

As the young American economy began to flourish in the early
19th century, deposits of silver bullion at the Mint increased. The
hiatus of the silver dollar beginning in 1804 meant that the half dollar was
the largest silver denomination available, and it was embraced as the backbone
to commerce for the three decades to follow. From a start of just 750,000
Capped Bust half dollars struck in 1807, mintages quickly rose into seven
figures. By 1825, mintages had twice surpassed 2 million and nearly 3 million would
be struck for 1825. Even so, the vast majority of these pieces were placed into
circulation, saw heavy use, and were melted over the following century.

We are thrilled to offer an important 1825 half dollar in lot
of our March 2021 Las Vegas Auction. Graded MS-67 (NGC) OH, it is the
sole finest example of the O-104 dies and remains unsurpassed even across all
varieties. Seldom does a half dollar of this era offer such a combination of
Superb Gem quality and exceptional toning. The obverse is toned sapphire-blue,
with just a trace of lighter rose in the field and on Liberty’s neck. The
reverse displays soft mint luster, with deep blue-violet toning at the rims and
russet  at the center. Careful inspection
reveals fundamentally flawless surfaces and exceptional striking detail. A
visually stunning example.

This half dollar has a provenance that stretches back over a
century to S.H. Chapman’s sale of the David S. Wilson Collection of March 1907.
Offered in lot 506, it was described succinctly as "Uncirculated. Sharp.
Mint Lustre." and sold for $1. While this price seems underwhelming today,
it was nearly double the $0.60 and $0.65 earned by "Uncirculated"
examples from 1835 and 1836 in the following lots. We first had the privilege
of handling this coin in our January 2005 sale where it was recognized as
"very likely…the finest known." Over 15 years later, this sentiment
remains true. Within the O-104 variety, it is the sole finest listed by Herrman
in his Autumn 2020 census. Additionally, it is tied for finest known across all
1825 varieties with just a handful of others including the MS-67 (NGC)
Eliasberg specimen. This spectacular coin would be a crown jewel in any

The finest known 1825 O-104 half dollar from the Iron Eagle
Collection will be offered in lot
of our March 2021 Las Vegas Auction. This is one of many important collections
featured in the sale, including selections from the D. Brent Pogue Collection,
the Collection of Silas Stanley Roberts, and the Washington Rainbows
Collection. The sale will be available for viewing and bidding on our website and printed
catalogs will be available for purchase. If you would like to consign to an
upcoming sale or have questions about the consignment process, please contact
us today at [email protected]
or 800-566-2580.

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