Coin Specifications

Category: Silver Commemoratives (1892-1954)
Mint: Philadelphia
Mintage: 20,000
Catalog: KM-180
Obverse Designer: Trygve A. Rovelstad
Reverse Designer: Trygve A. Rovelstad
Composition: Silver
Fineness: 0.9000
Weight: 12.5000g
ASW: 0.3617oz
Melt Value: $5.34 (9/3/2015)
Diameter: 30.6mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1936 ELGIN 50C MS obverse 1936 ELGIN 50C MS reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

Although the Elgin Half dollar was partly conceived to commemorate the founding of Elgin, in reality, the anniversary was secondary to the more urgent goal of raising funds for a work of art. Sculptor Trygve A. Rovelstad’s grand vision of a 9 foot-tall group of sculptures memorializing pioneers was to cost a then-estimated $75,000-$100,000, and he looked to the commemorative coin program for funding.

A bill introduced on May 27th, 1935 called for the coining of not more than 10,000 half dollars commemorating the centennial of Elgin and To support the erection of the Pioneer Memorial. The Elgin Centennial Monumental Committee was tasked with getting the bill approved. After stalling out in the legislature, the committee sought help from L. W. Hoffecker of El Paso, who was the promoter/distributor for the Spanish Trail half dollar. A shady back-room deal was organized in which Hoffecker would be the sole distributor for the coin and would reap a percentage of the profits. The part-time dealer was finally able to get a bill passed on June 16th, 1936, albeit with a revised mintage of 25,000 coins.

In the meantime, Rovelstad submitted his sketches to the Mint. The only major change they asked for was to alter the pioneer on the obverse’s bust from a three-quarter to a profile view. After the revision, the designs were approved on August 21st of 1936. The obverse of this coin displays a profile bust of a pioneer man, whose full figure is repeated on the reverse as part of a grouping which also includes his wife and baby, as well as their grown sons. Aside from the motto IN GOD WE TRUST, the obverse features the word PIONEER, Rovelstad’s monogrammed initials and the dates 1673 1936. The reverse is dominated by a slightly modified rendition of Rovelstad’s Pioneer Memorial, lacking its monumental, inscribed base. Most of the lettering is mandated by law: UNITED STATES OF AMERICA, HALF DOLLAR, LIBERTY and E PLURIBUS UNUM. The statuary is identified in tiny letters: PIONEER MEMORIAL and ELGIN, ILLINOIS.

The entire authorized mintage of 25,000 coins was struck at the Philadelphia Mint that October. Hoffecker received the coins from the Mint on October 11, and he shipped out all of the existing orders just two days later. In addition to the pieces sold by him via mail orders, lesser quantities were distributed by local banks, and even the Elgin Watch Company ordered 100 pieces for promotional purposes. Sales soon slowed to a trickle, however, with about 5,000 pieces still on hand. Those coins were eventually returned to the mint to be melted, resulting in a net mintage of 20,000 coins. In the end, Rovelstad only raised about 10% of the money needed for the statue, which wasn’t to be completed until many decades later.

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 ELGIN 50C MS
  GVGFVFXF5053555861626364656667686970
Base $ - - 125 145 180 190 200 210 220 240 250 260 275 300 515 1600 14750 - -
$ - - - - - - - - 285 350 600 3000 50000

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: 3239
Low Grade: 50
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
2/20/2005 PCGS MS 66   Goldberg February 20-23, 2005 Pre-Long Beach Coin Auction, 28/Lot# 1369 $1,092.50
8/11/2008 NGC MS 65   David Lawrence Rare Coins Monday - Internet Auction # 273, 279/Lot# 1153 $264.50
7/22/2012 NGC MS 65   GreatCollections GreatCollections Coin Auctions 07/22/2012, 32/Lot# 56815 $235.40
10/2/2012 PCGS MS 65   Teletrade Auction 3357, 3357/Lot# 1218 $201.00
11/29/2012 PCGS MS 65   Heritage Auctions 2012 November 29 - December 2 US Coin Signature Auction - Houston Session(5), 1177/Lot# 11166 $193.88
9/25/2013 PCGS MS 67   Heritage Auctions 2013 September 25 - 29 US Coins Signature Auction - Long Beach Session(3), 1189/Lot# 4392 $1,175.00
8/8/2014 PCGS MS 65   Stack's Bowers iAuction 3494, 6045/Lot# 21489 $185.65


NGC Registry

NGC Registry Score 1936 ELGIN 50C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base339369404437489575586597620642663684705725745774820115921976048735912958
34938141545451857959060562764967069171273275578993315053481648592250
00000059060562764967069171273275578993315053481648500
000000593612635656677698718738764805104618514764692200
Registry Image Gallery
Grade: MS 68
Points: 6485
Owner: Gregg Bingham
 
Grade: MS 68
Points: 6485
Owner: J & L
 
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