Value of 1839-O Reeded Edge Capped Bust Half Dollar

Value of 1839-O Reeded Edge Capped Bust Half Dollar

Guidelines for Collecting: The New Orleans Mint was able to produce a fair quantity of half dollars in 1839. As in 1838 the prominent O mintmark was placed above the date on the obverse when the die was made in Philadelphia.
This is an issue that is extremely popular with collectors, and with a reduced mintage in comparison to other Capped Bust, Reeded Edge half dollars, it commands a healthy premium. Most coins will showcase prominent die cracks, particularly on the reverse, though examples with light die cracks do exist. Five obverse and reverse die pairs are known, with two of them (GR-2 and GR-3) extremely rare. Neither of the rare die varieties is well publicized.
Availability: Most examples are found in mid circulated grades, and with light impairments. Choice, original pieces in any grade are scarce, but should be the focus of the disciplined collector. Uncirculated coins are rare and do not often come to auction. This issue is in high-demand, and is a perennial favorite. Once examples are bought they are typically held for long periods of time, and many dealers report difficulty keeping any in stock. Proofs are exceedingly rare, and virtually unobtainable.

Capped Bust Half Dollars are typically a sought after coin. While they might not always bring a large premium, they are valuable to collectors. If you have one of these rare silver coins that you are interested in having appraised, please contact our rare coin experts today! We are always happy to tell you what your rare coin is worth, and make you an offer. We are the trusted coin buyers!