Coin Specifications

Category: Early Halves (1794-1839)
Mint: Philadelphia
Obverse Designer: Christian Gobrecht
Reverse Designer: Christian Gobrecht
Composition: Silver
Fineness: 0.9000
Weight: 13.3600g
ASW: 0.3866oz
Melt Value: $6.61 (10/23/2017)
Diameter: 30mm
Edge: Reeded
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1836 REEDED GR-1 50C MS obverse 1836 REEDED GR-1 50C MS reverse


  
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Description & Analysis

The half dollar was the last of the U. S. Mint's coins to undergo the transition from open collar production to close collar coining in which the edge device was applied at the moment of striking. Since it would have been impossible to eject a lettered edge coin from the tight-fitting collars being used, the half dollar also transitioned to having a reeded edge. This development was delayed until the Philadelphia Mint received its first steam powered coining press in 1836. Cents had been coined with it since March, but the first production of silver coins did not occur until November 8. These were the new style half dollars with reeded edge, and the number of pieces produced before year's end was small. The traditional mintage figure of 1200 pieces found in most catalogs is likely on the low side, as the number of examples extant suggests a higher mintage. Since a few pieces are known conforming to the reduced weight adopted in January of 1837, it's likely that coinage continued into the early part of that year.

Just a single die marriage is known, and the collar used was very finely reeded and had a diameter of 30.5. This same set-up was continued for the first 1837 halves, as well.

The 1836 reeded edge half dollar has long been prized, and values reflect that great demand. Mint State survivors are rare, and it appears that few were saved, despite the novelty of the design and its smaller diameter. Most examples are worn, though this date is rarely seen in very low grades, as collectors were in pursuit of it by the 1850s.

GRADE SUMMARY

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Price Guide

Last Updated: 3/12/2015

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

1836 REEDED GR-1 50C MS
  GVGFVFXF505355586061626364656667686970
Base $ 1050 1375 2000 2650 4000 5250 5750 6350 7500 10000 10750 13000 22000 47500 100000 - - - - -
$ 4700 - 6100 7000 8250 - 11750 14500 - 65000 - - - -

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Census

 
NGC GRADE SUMMARY

Total Graded: 203
Low Grade: PrAg
Average Grade: 50
High Grade: 65


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
10/14/2003 PCGS VF 30   Heritage Auctions Exclusively Internet Auction #23103, 23103/Lot# 13548 $1,380.00
8/18/2004 PCGS MS 65   Heritage Auctions 2004 August Pittsburgh, PA Signature Sale #352, 352/Lot# 6211 $63,250.00
4/3/2005 NGC AU 58   Teletrade Auction 2021, 2021/Lot# 1303 $4,290.00
2/5/2006 NGC MS 62   Goldberg February 5-8, 2006 Pre-Long Beach Coin and Currency Auction, 34/Lot# 1471 $9,372.50
3/13/2006 NGC AU 53   David Lawrence Rare Coins Internet Auction # 78, 83/Lot# 779 $3,910.00
5/27/2009 PCGS MS 63   Heritage Auctions 2009 May Long Beach, CA Signature US Coin Auction #1125, 1125/Lot# 759 $16,100.00
2/28/2012 NGC AU 53   Stack's Bowers The March 2012 Baltimore Auction, 135/Lot# 3284 $3,852.50
5/18/2014 NGC MS 61   GreatCollections GreatCollections Coin Auctions 05/18/2014, 168/Lot# 194061 $9,460.00


NGC Registry

NGC Registry Score 1836 50C MS REEDED GR-1 Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base10511206142916441749230825852828317933863667383840555015597363248247955414850201042772138911
11021280150016791935240026662945324834793724391043755334609069658682113191660122643314510
0000002666294532483479372439104375533460906965868211319166012264300
0000002747306233173573378139824695565362077606911813084183522518200
1836 50C MS REEDED GR-1
 PrAgGVGFVF4045505355586061626364656667686970
Base9901138135115581658219724642699303832383510367538854817574760897960923414405195482701438002
10391209142015911837228625422812310433283565374541955127586167128384109571611922036306760
0000002542281231043328356537454195512758616712838410957161192203600
0000002620292531713419362038154506543759757336880912681178332452500
Registry Image Gallery
Grade: AU 58
Points: 4336
Owner: Terry's Collections
 
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