Coin Specifications

Category: Silver Commemoratives (1892-1954)
Mint: San Francisco
Mintage: 5,000
Catalog: KM-165.2
Obverse Designer: Augustus Lukeman
Reverse Designer: Augustus Lukeman
Composition: Silver
Fineness: 0.9000
Weight: 12.5000g
ASW: 0.3617oz
Melt Value: $5.28 (8/4/2015)
Diameter: 30.6mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1936 S BOONE 50C MS obverse 1936 S BOONE 50C MS reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

Daniel Boone was once known by all as one of the first folk heroes of the United States. His service during the French and Indian War was followed by the exploration of the newly acquired Florida in 1763. Unfortunately Mrs. Boone did not appreciate the heat and humidity of the territory, so Boone commenced his explorations of Kentucky during 1769-1771. They attempted to establish a colony there in 1773, but were foiled by hostile Native Americans. He persevered two years later, however, establishing Boonesboro in 1775. While there were some hostilities between Boone and the Native tribes, he eventually made Peace with Chief Blackfish of the Chillicothe tribe, an event depicted on the commemorative coin.

In late spring of 1934, sculptor Augustus Lukeman was hired by the Kentucky Daniel Boone Bicentennial Commission to prepare designs for the coin honoring the frontiersman. Unfortunately for the commission, Lukeman ignored several of their artistic requirements for the coin, and eventually the Commission was forced to concede and simply run with the designs provided after minor changes. The obverse features a left-facing idealized portrait of Daniel Boone, along with United States of America and Half Dollar. On the reverse, full-length figures of Boone and Chief Black Fish face one another against a backdrop of the Boonesboro blockhouse at left and the rising sun at right. To the left is the inscription DANIEL BOONE BICENTENNIAL and to the right the words PIONEER YEAR are featured. The latter is a reference to the date 1934, which appears below the figures on coins minted in 1934 and above the phrase itself on pieces coined during part of 1935 and thereafter through 1938. IN GOD WE TRUST and E PLURIBUS UNUM are arranged around the upper periphery.


The act of May 26, 1934 called for the coining of up to 600,000 half dollars honoring the bicentennial of Boone’s birth. The money raised was to be used in restoring four historic sites associated with Boone and early Kentucky. There was nothing in the bill which specified the date or mint of the coinage, nor was any sales price dictated. Although not unusual in such legislation, these omissions would be exploited to their fullest by the Boone Commission during the commemorative coin mania of the next few years.

The initial coinage dated 1934 amounted to just 10,00 coins struck at the Philadelphia Mint. These were sold at $1.60 apiece by Secretary Dunn from an office in Lexington’s Phoenix Hotel. These sold reasonably well, yet a new striking of 10,010 halves from the Philadelphia Mint appeared the following year with the date 1935. This was followed by Denver and San Francisco Mint issues coined a couple of months later to the amount of 5,005 pieces each. The prices asked were $1.10, $1.50 and $1.50, respectively.

Of course, the reference to a pioneer year was now irrelevant, since that year (1934) no longer appeared on the coins. This was remedied later in 1935, when a small date 1934 was added above the inscription PIONEER YEAR per new legislation dated August 26, 1935. 10,010 examples of this variety were struck at Philadelphia, but the Denver and San Francisco Mints coined only 2,003 and 2,004 pieces, respectively. Highly publicized as rarities by Secretary Dunn, these were offered at a cost of $3.70 for the pair.

Collectors were understandably surprised by this development, and some a little annoyed, yet they had no choice but to order this extra issue if their sets were to be complete. Dunn, claiming that the offering of 2,000 pair had been oversubscribed, returned most of the checks sent him. Collectors and dealers quickly sensed that a fraud had been perpetrated against them, as so few persons received their coins from the Commission, yet a handful of dealers, Dunn included, just happened to have some available at their new market level of up to $50 for the pair!

This episode set the tone for future offerings of this and other “serial” commemoratives of the mid-to-late 1930’s. With nothing to prevent further issues of the Boone halves, new editions were put out annually in three-piece sets through 1938. Both prices and ordering options varied from year to year, creating much confusion and resentment. Congress finally put an end to this abuse in 1939 with the passage of a bill prohibiting the further minting of any commemorative coins authorized prior to that date.

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 S BOONE 50C MS
  GVGFVFXF5053555861626364656667686970
Base $ - - 72.00 81.00 102 105 108 112 115 125 130 140 155 220 415 1250 14000 - -
$ - - - - - - - 150 170 240 490 1650 -

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: 885
Low Grade: 62
Average Grade: 65
High Grade: 68


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
8/22/2015 MS 63   Heritage Auctions Internet Coin Auction Session(1), 131532/Lot# 23440


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
5/7/2001 NGC MS 66   Teletrade Auction 1434, 1434/Lot# 1546 $207.10
9/15/2003 PCGS MS 65   Goldberg September 15-17, 2003 Pre-Long Beach Coin and Currency Auction, 21/Lot# 931 $173.00
6/27/2005 NGC MS 64   David Lawrence Rare Coins Auction 43: The Cook Family Collection, 47/Lot# 1647 $112.70
4/16/2008 PCGS MS 67   Heritage Auctions 2008 April Rosemont, IL (CSNS) Signature Coin Auction #1104, 1104/Lot# 1638 $2,990.00
10/20/2013 PCGS MS 67   GreatCollections GreatCollections Coin Auctions 10/20/2013, 97/Lot# 134374 $1,432.82
4/14/2014 NGC MS 67   Stack's Bowers iAuction 3477, 6026/Lot# 20783 $470.00
1/25/2015 PCGS MS 66   Heritage Auctions Internet Coin Auction Session(2), 131505/Lot# 22689 $329.00


NGC Registry

NGC Registry Score 1936 S BOONE 50C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base209230255278308372375381389401409423437450477515663101319853431678712137
21623826328832937337738439340441442844145949056478013372467455085700
00000037738439340441442844145949056478013372467455000
00000037938639740641843244646850261489616612949566800
1936 S BOONE 50C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base230251275301333401404412420431442456471484512553709107622333809773613861
23725928431235640240741542443544746147549352660583114622758511897780
00000040741542443544746147549352660583114622758511800
00000040941742743845146648050353965795418473284642700
Registry Image Gallery
Grade: MS 67
Points: 1985
Owner: S & RB
 
Grade: MS 66
Points: 1013
Owner: Dr. B K
 
View the Registry Image Gallery

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