1/2 C - 1842 PCGS PR65+BN CAC

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1/2 C - 1842 PCGS PR65+BN CAC

13,250.00

Date   1842 Restrike
Grade    PCGS PR65+BN CAC
PCGS Price Guide    11500 (in 65+)
Population (PCGS)    1/1 (only one in 65+)
Population (NGC)    3/0
Population (CAC)    1/2
Serial Number    8206.40/81970172
PCGS Lookup Number    8206

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GEM 1842 PROOF HALF CENT, PCGS AND CAC

Breen-2, R-6. First Restrike.

An unknown number of half cents dated 1842 were made and this example is easily identifiable as a First Restrike by having small berries on the wreath and doubling on the T in CENT. It is believed that fewer than 20 ofthese exist.

This fully reflective Gem is well-made with choice surfaces which lack the mint-made issues which plague Proof half cents from this era. The color is a deep brown with splashes of rich turquoise and violet. While not designated as a "cameo" by PCGS the obverse device is frosted and is nicely offset by the watery fields.

A CAC approved PCGS PR66 Brown example of this issue recently sold for $15,275 as Heritage 11/16: 5116.

In my opinion, high quality Proof half cents from the 1830's and 1840's are very undervalued despite a strong collector base.

CAC has approved this 1 coin in this grade with 2 finer (both 66).