***Auction Highlight*** 1836 Reeded Edge GR-12 Capped Bust Half Dollar 50c Graded xf45 details By SEGS. Lovely ...

***Auction Highlight*** 1836 Reeded Edge GR-12 Capped Bust Half Dollar 50c Graded xf45 details By SEGS. Lovely rim toning highlights this ultra rare 1836 Reeded Edge Half Dollar, GR-1 R2. Good detail throughout the devices. The details designation is due to some light hairlines on the obverse which can be seen with the ad of a loupe. These Reeded Edge half dollars were struck late in 1836 and were some of the first coins struck on the new steam powered coining press. At last the variable human element was removed from striking the coins and the result is a more uniform and predictable strike on each coin made with such a machine. As a tighter collar was used to hold the planchet in place, this no longer allowed for lettering on the edge, as lettering would cause the struck coin to stick in the collar and not eject properly. Thus reeding was imparted by the collar, and coins could be ejected efficiently as part of the striking process and recoil of the dies. The mintage of the Reeded Edge half dollar of 1836 is reported by the Guide Book as 1,200+ pieces of which only a few hundred are known today. This example will serve well to represent this important technological achievement which finally allowed for more mechanized production of dies and of striking the coins in a uniform manner. A Corey's Pick, Bid to Win, Don't let it get Away, you might not find its equal Coin