1796 No Pole half cent to make up to $1.7m?



2016-01-25 15:50:08

The Earle-Atwater-Eliasberg 1796 No Pole half cent will lead a selection of lots from the Brent D Pogue collection at Stack’s Bowers in New York on February 9.

It’s estimated to reach $1.7m.

The lot is the best of the surviving 26 examples of the issue. It’s described by former owner Louis Eliasberg as “the finest known specimen of the rarest half cent.”

In 1996 it was sold for $506,000 – then a record for any coin.

The auction house coments: “The ultimate example of the ultimate half cent, this was the first example of the smallest American denomination to sell at auction for over a half million dollars.

“Sold in 1996 after 50 years spent in the Eliasberg Collection, this is its first public offering since and only its third since 1912…

“A connoisseur’s ultimate prize among coins of this denomination, the D. Brent Pogue 1796 No Pole half cent has been legendary longer than anyone who will read these words has been alive.”

The 1796 No Pole half cent is so named for the omission of the pole carried by Liberty on the obverse.

A large crack across the centre of the coin ensured that the majority of the issue was melted down.

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