Half Dollar worth 1 million times its face value to be auctioned

Numismatic auction powerhouse Stack’s Bowers Galleries will be presenting for sale a famous and ultra-rare 1838-O Capped Bust Half Dollar at the Whitman Baltimore Winter Expo at the Baltimore Convention Center on Nov. 14, 2019. Valued at as much as $500,000, the 1838-O is one of only nine known to exist from an estimated mintage of no more than 20 coins made of this first issue of half dollars from the then newly opened New Orleans Mint. This particular mint was established to produce coins of several different denominations at the time but its main focus was the 50 Cent Piece, which was needed to convert the flow of uneven quality Latin American silver coins into a sufficient quantity of new United States coins fit for banking and commerce. However, technical issues and the spread of yellow fever in the area limited production of the coin

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