1807 Draped Bust Half Dollar, Choice Very Fine, Very Scarce Original Coin

Year: 1807
Condition: PCGS/CAC VF-35 [ PCGS 6079.35/35050537 ]
Country: United States
Overton-102. An astonishingly original & problem free example of this last of the pre-Capped Bust Half design. The date is known for poor strikes at center, due to problems with die production, so relatively few are struck this well either. The color is just about perfect, with some small traces of luster remaining in the stars and lettering. 143 coins at PCGS in VF-35 (687 overall in VF-20 to 35), plus another 331 at NGC, which does not break down their Census in VF. That might seem like a lot, however the demand for these early Halves means anything that will pass is generally submitted for certification. The story at CAC is a different matter: 20 in VF-35, 86 in all VF grades. A similarly graded, non-CAC example of the same variety in an older PCGS cert sold in March, 2018 for $1200 at Heritage - and it had been obviously cleaned. It was a late die state of O-102, and that may explain some of the premium paid, but it gives a good explanation of the strength of the market in better grade early Halves. Two other examples of O-102 were as of April, 2018 being offered at $1100, BOTH are not struck anywhere as well at this coin, and both had also been cleaned at some point. I think the premium being asked for this coin is therefore within reason, compared to the alternatives.
Item Id #: 006645