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1797 Half Dollar Sold for $1.68 Million in Stack’s Bowers March Auction Now Most Valuable Ever Sold

The finest known 1797 Draped Bust half dollar sold for $1.68 million USD in the Stack’s Bowers Galleries March 2021 Las Vegas Auction, setting a new record as the most valuable United States half dollar.

Graded MS-66 by PCGS with provenance to the magnificent Pogue Collection, it was offered on March 25th in the firm’s Rarities Night session, which will be remembered as an historic evening for American numismatics.

Produced for only two years in 1796 and 1797, the Draped Bust Small Eagle half dollar is considered the rarest design type among American silver coinage. It is an incredible challenge at all grade levels and is typically encountered well-worn in Fine or Very Fine condition, often with surface problems. Fewer than 200 examples survive from the 1797 issue, only about 10 of which are in Mint State.

The Pogue specimen is considered the finest known from this exclusive group and has long been recognized as very significant. It is traced back to the legendary collection of Virgil Brand formed in the late 19th and early 20th centuries. This record $1.68 million result represents only the third time this piece has sold at auction since it entered the Brand cabinet over 100 years ago – each of these three sales was conducted by Stack’s Bowers Galleries.

The Pogue 1797 half dollar was one of several records achieved in the Stack’s Bowers Galleries March 2021 sale, including an $8.4 million result for the finest known 1822 half eagle, also from the Pogue Collection, now the most valuable U.S. Mint gold coin.

With the success of the Stack’s Bowers Galleries March 2021 Las Vegas Auction, the firm is looking ahead to their June 2-4, 2021 Showcase Auction to be hosted in their new state-of-the-art headquarters and auction gallery in Costa Mesa, California. Consignments of U.S. coins, tokens, and medals for the June auction are invited through April 8.

For more information on the outstanding results from the March sale or to consign your collection to the Stack’s Bowers Galleries June 2021 Auction, visit StacksBowers.com or call 800-458-4646 to speak with a numismatic specialist.

Stack's Bowers
Stack's Bowershttps://stacksbowers.com/
Stack's Bowers Galleries conducts live, internet, and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 90-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection, The Sydney F. Martin Collection, and The Battle Born Collection — to name just a few. World coin and currency collections include The Pinnacle Collection, The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Salton Collection, The Wa She Wong Collection, and The Thos. H. Law Collection. The company is headquartered in Costa Mesa, California with galleries in New York, Boston, and Philadelphia. Offices are also located in New Hampshire, Oklahoma, South Carolina, Virginia, Hong Kong, Paris, and Vancouver.

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1 COMMENT

  1. Very informative and makes one wonder if price is set by grade and condition or fair market value and low supply and competitive demand?

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