1884 50C MS66+ Certification #25795738, PCGS #6366

1884 50C Repunched Date, WB-102, MS66 PCGS. The motto IN GOD WE TRUST was added to the reverse of Seated Liberty coinage in 1866. Although the Civil War ended in 1865, the resumption of specie payments would have to wait for the passage of the Mint Act of February 12, 1873. As such, deliveries of half dollars from 1866-1873 remained low with the exception of a few S-mint issues. The first-year the Motto Half Dollar was produced was 1866, but only to the extent of only 745,625 pieces versus the 3.2 million pieces that were struck of the 1875-S. The P-mint Seated halves from 1879 to 1890 have tiny mintages, as series specialists can attest. This is due primarily to the millions of Morgan dollars that the Philadelphia Mint pumped out with annual celerity, mandated by the Bland-Allison Act. Mintages of Seated half dollars from 1879 to 1890 ranged from 4,400 to 12,001 business strikes per year. Of them all, the 1882 and 1884 mintages are tied for the smallest—4,400 pieces each year—as sufficient quantities of half dollars were in circulation. In effect, the paltry production makes every coin a first-strike representative, hence the larger proportion of markedly proof-like survivors. This popular issue has one of the smallest mintages in not only the Seated half dollar series, but all half dollar series from 1794 to present. Judging by the certified population data, collectors and/or the general public were certainly aware of the tiny mintages, as the numbers extant today are several times the typical surviving population. Of the 4,400 business-strike Seated Liberty half dollars struck in 1884, some of the rare high-grade examples, like the present coin, show deeply reflective proof-like fields. A spectacular gem example of this low mintage, late date Seated half, it is fully struck and the design elements are sharply detailed. The strike is razor-sharp throughout and tiny, well-concealed marks fail to distract. Originality is a hallmark of both sides. Rich toning in shades of cobalt-blue, violet, red, and golden-amber enhance the visual quality of this remarkable Premium Gem, forming a beautiful halo around untoned centers. The thickly frosted portraits of Liberty and the eagle generate significant, albeit undesignated proof-like contrast against the partly mirrored fields. The reverse fields are essentially fully proof-like. This toned, proof-like piece has high field-device contrast and only the most minor distractions. Highly reflective luster adds to the wonderful eye appeal of this superb coin, an exemplary 1884 half. Variety WB-102 with a Recut 4, struck from the business-strike die, the present coin shows minor recutting on the base of the 4. All circulation strikes show the 4 slightly recut north. A business strike-only die pairing, and one of only two, the other being the rare variant with the top of an errant 8 in the denticles beneath the 8 and 4. Provenance: Larry Whitlow

Ron Guth

The 1884 Half Dollar is a wonderful, low-mintage date.  In fact, circulation strikes are scarce enough that collectors often resort to purchasing Proof examples of the year just to fill the hole in their collection.  Because of the low mintage, many 1884 Half Dollars are fully Prooflike and, in fact, are sometimes confused as Proofs.  Conversely, Proofs are often so frosty in appearance that they are confused as circulation strikes.

The overall quality of this date is excellent.  Most examples grade out at MS64, but there are also tidy populations in MS63 and MS65.  MS66 examples are no more rare than MS65s, but in MS67, the 1884 Half Dollar becomes truly rare.