Pre-1917 Proof Coins
Presents:

1840 Small Letters Seated Liberty Half Dollar
PCI Proof-60

1840 Small Letters Seated Liberty Half Dollar PCI Proof-60 obverse

Proof mintage = 10
Business strike mintage = 1,435,008

1840 Small Letters Seated Liberty Half Dollar PCI Proof-60 reverse

 

          Very attractive half for the grade. A few light hairlines from improper storage are all that separate this early half from a higher grade. Medium mirrors with just the slightest hint of cameo contrast on the reverse. Excellent strike. What appears to be a flaw on the upper right reverse is a mark on the slab. Very light gold in color, nearly white. Small letters on the reverse. Exceedingly rare, with some sources giving a mintage of six pieces and other sources placing the mintage at ten pieces. There seem to be five or six still in existence, which would indicate an original mintage of around ten coins, so that is the number that I use. Either way, it is far and away scarcer than the always popular though overpriced 1804 draped bust silver dollar.

Sold May 2007

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