Coin Specifications

Category: Silver Commemoratives (1892-1954)
Mint: Philadelphia
Mintage: 17,658
Catalog: KM-173
Obverse Designer: Getrude K. Lathrop
Reverse Designer: Getrude K. Lathrop
Composition: Silver
Fineness: 0.9000
Weight: 12.5000g
ASW: 0.3617oz
Melt Value: $5.28 (9/2/2015)
Diameter: 30.6mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1936 ALBANY 50C MS obverse 1936 ALBANY 50C MS reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

By 1936, public interest in commemorative coin projects of the Unites States was at an all-time low. By this point, the Mint had already issued many different coins commemorating anniversaries of mostly local significance. The Albany half dollar was no exception. On June 16th of 1936, at the request of the Albany Dongan Charter Committee, a bill was passed to strike no more than 25,000 coins to commemorate the 250th anniversary of the charter of the city of Albany.

Once the bill was passed, the committee got to work selecting a designer for the coin. Miss Gertrude Lathrop was the artist selected, as she was born in Albany and was a well-known sculptress. Her obverse design featured a beaver, a common animal of the area, with a maple branch (the state tree) in its mouth. The reverse depicted a group of 3 men dressed in period garb. These men were to represent the first governor of the state, Thomas Dongan, bidding farewell to Peter Schuyler (the first mayor of Albany) and Robert Livingston, who were the two men that convinced Dongan to grant the city a charter in 1686.

Surprisingly, the Commission of Fine Arts was for once happy with the design’s artistic merits and the entire mintage of 25,013 (including 13 assay pieces) was coined during October of 1936. The coins were then offered at the price of $2 each by the Charter Committee. Unfortunately for the group, this price was much higher than the more typical cost of $1-$1.50 per coin. Coin collectors, who had already been assailed with nearly twenty commemoratives in that same year, let out a big yawn, and sales of the Albany half dollar fell far short of expectations.

To its credit, the Committee refused to discount the coins for several years afterward, trying to maintain the integrity of its program. In a final effort to move the remaining few thousand pieces, the entire lot was offered to coin dealer Abe Kosoff at $50 over face! Unable to find interested backers, and likewise unable to tie up such a sum himself, Kosoff had no choice but to decline the offer. Accepting defeat, the Committee returned most of the unsold coins (totalling 7,342 pieces) to the Philadelphia Mint in 1943, where they were melted, leaving the total mintage at 17,658.

GRADE SUMMARY

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Price Guide

Last Updated: 7/24/2015

Click on a price to see historical prices, comparison charts and trends.

1936 ALBANY 50C MS
  GVGFVFXF5053555861626364656667686970
Base $ - - 180 195 245 255 265 270 280 315 325 335 375 440 600 1500 22500 - -
$ - - - - - - - 350 400 480 725 1850 -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Census

 
NGC GRADE SUMMARY

Total Graded: 2893
Low Grade: 53
Average Grade: 64
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/5/1994 NGC MS 66   Heritage Auctions February 1994 Long Beach Sale #112, 112/Lot# 6943 $577.50
10/10/1999 NGC MS 65   Heritage Auctions 1999 E-Fair Signature Sale #211, 211/Lot# 5695 $316.25
5/19/2008 NGC MS 65   David Lawrence Rare Coins Monday - Internet Auction # 249, 255/Lot# 1457 $356.50
1/5/2011 NGC MS 64   Heritage Auctions 2011 January Tampa FUN Signature & Platinum Night US Coin Auction Session(7), 1151/Lot# 12887 $276.00
5/29/2011 PCGS MS 63   Goldberg May 29 - June 1, 2011 The Pre-Long Beach Auction of US, World Coins and Currency, 63/Lot# 534 $253.00
11/15/2011 PCGS MS 64   Teletrade Auction 3173, 3173/Lot# 1234 $305.00
9/7/2014 NGC MS 62   GreatCollections GreatCollections Coin Auctions 09/07/2014, 191/Lot# 218892 $495.00
10/10/2014 PCGS MS 63   Stack's Bowers November Baltimore 2014, 6039/Lot# 16100 $446.50


NGC Registry

NGC Registry Score 1936 ALBANY 50C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base4534925325756117157257357547647838208478658829491051127121247138827214572
4665055465876467187287417577707958298538719049831124155537957516103720
000000728741757770795829853871904983112415553795751600
0000007327487617778088388598769271017119818405467789400
Registry Image Gallery
Grade: MS 68
Points: 7516
Owner: J & L
 
Grade: MS 68
Points: 7138
Owner: Bruce Young
 
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