Coin Specifications

Category: Silver Commemoratives (1892-1954)
Mint: Philadelphia
Mintage: 6,571
Catalog: KM-167
Composition: Silver
Fineness: 0.9000
Weight: 12.5000g
ASW: 0.3617oz
Melt Value: $5.39 (8/1/2015)
Diameter: 30.6mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1937 TEXAS 50C MS obverse 1937 TEXAS 50C MS reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

The Texas Centennial Half Dollar was struck in commemoration of the 100th anniversary of Texas declaring its independence from Mexico on March 2, 1836 during the Battle of the Alamo. Recognizing the significance of this anniversary, on June 15th, 1933, Congress approved the first commemorative coin legislation since 1928. It provided for the mintage of up to 1,500,000 souvenir half dollars to be sold as part of the centennial celebration. Proceeds from the coin were to be used to help construct a memorial building.

Sculptor Pompeo Coppini was selected to design the coin. In May of 1934, his models were approved by the American Legion Texas Centennial Committee. Although all of the many elements on the finished coin were already in place, they were rendered in an extremely crude fashion. The Commission of Fine Arts requested many changes, to which Coppini agreed. The final designs were approved a month later, on June 25th, 1934.

On the obverse, an Eagle is seen perched on a branch in front of a five-pointed star, the symbol of Texas. UNITED - STATES - OF – AMERICA is placed around the periphery of the coin, with HALF DOLLAR bellow, as well as the mottos IN GOD WE TRUST, and E PLURIBUS UNUM. While that may sound like a busy design, it has nothing on the reverse, which was one of the most complicated and intricate designs of the entire commemorative series. The main feature of the reverse is a kneeling goddess Victory with an olive branch in her right hand, and her left resting on the Alamo. Above is the word LIBERTY on a scroll, behind which are six flags. Beneath Victory’s wingtips are portraits of Texas war heroes Sam Houston and Stephen Austin. THE TEXAS INDEPENCED CENTENNIAL and REMEMBER THE ALAMO encircle the design. The reverse contains nearly no field whatsoever, as almost every area is taken up by a design element.

Mintage of the 1934 issue started off strong, with 205,000 pieces. However, sales lagged and a large portion of these were eventually returned and melted, leaving a net of 61,463 for the year, all from the Philadelphia Mint. The numbers dropped off significantly in 1935, with only around 10,000 coins being minted at each of the 3 mints. The numbers dropped again by about 10% in 1936, and by 25% in 1937 as collectors grew tired of having to buy more and more coins with the same design but differing dates and mint marks. 1938 was the last year for the Texas Centennial Half, with only about 3800 sets sold. Due to the ever lowering mintages as the Texas Centennial Half program progressed, a safe rule of thumb is that the later the issue year, the more valuable the coin. In fact, the 1938 issues are often worth nearly double those of the much more common 1934! Though its exploitation of the commemorative coin privilege was deplored by collectors, to its credit this committee did ultimately erect the promised memorial museum at the University of Texas in Austin.

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.

1937 TEXAS 50C MS
  GVGFVFXF5053555861626364656667686970
Base $ - - - 75.00 105 128 132 135 140 150 155 170 185 300 390 950 10500 - -
$ - - - - - - - 180 210 330 450 2350 -

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: 1165
Low Grade: 55
Average Grade: 65
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
1/6/1993 PCGS MS 65   Heritage Auctions FUN Bullet Sale #99, 99/Lot# 1194 $467.50
4/26/2004 PCGS MS 66   Teletrade Auction 1875, 1875/Lot# 1382 $187.00
7/26/2004 PCGS MS 67   Teletrade Auction 1914, 1914/Lot# 1496 $467.50
7/18/2005 NGC MS 65   David Lawrence Rare Coins Internet-Only Auction #46, 50/Lot# 1676 $195.50
9/19/2005 PCGS MS 65   Goldberg September 19-21, 2005 Pre-Long Beach Coin and Currency Auction, 32/Lot# 2233 $172.50
12/22/2013 NGC MS 65   GreatCollections GreatCollections Coin Auctions 12/22/2013, 106/Lot# 157418 $100.00
12/24/2014 PCGS MS 64   Stack's Bowers iAuction 3514, 6083/Lot# 20454 $99.88


NGC Registry

NGC Registry Score 1937 TEXAS 50C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base19822024126528838140944545646347748950251555158682097416585264584810387
20522724927331939042144945846848149350652756366487112022860545973610
00000042144945846848149350652756366487112022860545900
00000043345246147248549851153957474292314304062565300
Registry Image Gallery
Grade: MS 68
Points: 5264
Owner: Bruce Young
 
Grade: MS 68
Points: 5264
Owner: leeper
 
View the Registry Image Gallery

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Conservation Showcase: 1937 Texas 50 Cent

1/18/2010  — A recent example from our conservation laboratory.
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