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February 28 , 2014

COIN OF THE WEEK

Incredibly colorful and unique 1963 Franklin 50C Double Mint Error NGC MS67 RB
Click on Coin Image to enlarge


Incredibly colorful and unique 1963 Franklin 50C Double Mint Error NGC MS67 RB - $22,750.00

1963 Half Dollar Double Mint Error - 1963 Franklin 50C Double Mint Error NGC MS67 RB. This coin is exceptionally rare because it combines two mint errors on one piece. Each is a rare error coin in its own right. According to Brown, Camire, and Weinberg in 100 Greatest U.S. Error Coins, ALL Franklin Half Dollars struck on cent, nickel and dime planchets are very rare, but they are referring to regular strikes not brockages and not including a "Double mint Error" such as this incredibly toned gem specimen. No doubt the present piece is unique because of its superb condition and the combination of errors. An incredible numismatic oddity and one that once the new owner has time to reflect on the impossibility of ever replacing, may be off the market for our lifetimes. Truly one of a kind and wonderful.

Please contact me by email or telephone 1-800-624-1870 to reserve this great coin.

This spectacular, rare 1963 Half Dollar Error is a wrong planchet coin struck with a reverse mirror brockage. Weighing 3 grams, the piece is close enough to the 3.11 that is standard for the Lincoln cent of 1963. It is a lustrous Red and Brown piece with significant amounts of mint red on the obverse, less so on the reverse.

The strike is sharp on the obverse with full details on the lines of Franklin’s lower hair. The surfaces are original and clean with no abrasions visible without magnification. Because of the size difference between a cent and a half dollar, many of the obverse details are missing. We do not have the top of Franklin’s head or the word LIBERTY. We see just the top of the N in IN and are missing the lower parts of GOD. The same is true for TRUST with more of the letters missing as we move from the bottom upward. On the reverse we have an enlarge mirror image of the obverse. None of the legends remain and only the 196 of the date are strong. The 3 is visible at the left edge of the coin. A wrong planchet error takes place when a planchet from one denomination is fed into a coining press for another denomination. In this case, a Lincoln cent planchet was accidently fed into a press that was set up for coining Franklin halves. The weight of the coin is correct for the Lincoln cent.

A brockage takes place when a struck coin is not properly ejected from the coining chamber and remains either loose or as a reverse die cap. The next planchet receives a correct impression from the obverse die and incuse mirror-image strike on its reverse. In this case, if the Lincoln cent planchet were not in the coining chamber, the next half dollar would have been a mirror-image strike as the reverse of a regular half dollar coin.Franklin Half dollars were made from 1948 to 1963. They were designed by John R.Sinnock, the U.S. Mint chief engraver. In 1942 Sinnock developed a design for a new silver half-dime, which was intended to replace the five cent nickel coin because nickel was a war time strategic metal. Instead the War Nickels were made of a copper-silver-manganese alloy. The half-dime concept was not accepted for regular coinage, but the design eventually was. The obverse showed a bust of Benjamin Franklin, similar to the one used for the half dollar. The reverse had a Liberty Bell, an eagle, an ear of corn, and a V with oak leaves nearby.

When the decision was made to introduce a new design for the half dollar, Sinnock borrowed heavily from his earlier works. The obverse came from the half-dime concept, and the reverse from the reverse of the Sesquicentennial of American Independence Half Dollar of 1926, which was also designed by Sinnock. This design was taken from a sketch by artist John Fredric Lewis; however, Sinnock did not give him credit for it.

The coin shows a close portrait of Franklin in profile facing right, which was modeled after a bust of him by the famous sculptor Jean-Antoine Houdon. Above his head is LIBERTY, and IN GOD WE TRUST is below. The date is in the right field between his chin and chest. The reverse shows a large Liberty Bell showing its crack. UNITED STATES oF AMERICA is in an arc above, and the denomination written as HALF DOLLAR is below. To the left of the bell is the motto E PLURIBUS UNUM in small letters balanced by a small eagle, which was not part of the original design, to the right. The coin was made in 90 percent silver and has a reeded edge.

Nellie Tayloe Ross, the Mint Director, had much admired Benjamin Franklin and wanted him to be shown on a circulating coin. She told Sinnock to prepare designs for the half dollar. Unfortunately he died before the process was completed, and Gilroy Roberts, his assistant and successor finished the work, which included adding the eagle to the reverse. The Commission of Fine Arts disapproved of the diminutive eagle and felt that showing the crack in the Liberty Bell would be a source of ridicule. Despite this disapproval, the Mint followed Sinnock’s designs.

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NEW COINS ADDED


1776 Continental $1 Currency Pewter PCGS AU Details


1787 Cop Pattern, Eagle Reverse Immcol, PCGS MS64 CAC


1793 1/2c NGC AU50 BN


1797 1/2C 1/1 Plain Edge C-1, NGC AU55 BN


1834 1/2c NGC PF66 BN


1793 Wreath 1c S-9 Vine and Bars Edge, PCGS MS65BN CAC


1799 $5 NGC AU55


1864 3CS NGC MS68* PL CAC


1855 Large 1c, Slanted 55, PCGS PR64BN CAC


1856 1c Flying Eagle, PCGS PR64 CAC


1955 Lincoln Cent Double Die Obverse - 1955 Lincoln 1c NGC MS65 BN


1868 Three Cent Nickel - 1868 3CN NGC MS67

 

 

Very Truly Yours,

Tom Pilitowski
www.usrarecoininvestments.com
Toll Free:
1-800-624-1870
Email: TomPilitowski@yahoo.com

 


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