1852 Proof Half Dollar Pattern - J-135

Coin Details

Auction Record

$60,000 • PR66 PCGS CAC • 2019 • Stack's Bowers

Description

Judd-135 is the extraordinary 1852 pattern annular or ring-form gold half dollar, the only pattern type ever proposed for a gold fifty-cent denomination. Struck in gold with a reeded edge and a large central perforation, the obverse adapts the reverse design of the regular-issue Liberty Seated half dime Laurel Wreath type, with only "UNITED STATES OF AMERICA" and the base of the wreath visible around the central hole. The reverse is essentially blank except for denticulation around the border. The concept arose from the economic upheaval following the California Gold Rush: with vast quantities of gold entering the market, silver coins disappeared from circulation as their bullion value exceeded face value. A gold half dollar would theoretically maintain circulation since gold was now relatively abundant. However, the ring-form format was necessary to achieve a manageable diameter while containing only fifty cents' worth of gold. With seven examples available to collectors and two preserved in the Smithsonian's National Numismatic Collection, J-135 remains one of the most fascinating experimental coins in American numismatics.

Rarity Notes

R.7+. Approximately 7-9 examples known, including 2 in the Smithsonian Institution.

Cross References

Pollock-162