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1797 Half Dollar Commands $1.68 Million

The Pogue Collection 1797 Draped Bust half dollar sailed past the million-dollar mark when it sold for $1.68 million during a Stack's Bowers Galleries auction held March 25.

The Pogue Collection 1797 Draped Bust half dollar sailed past the million-dollar mark when it sold for $1.68 million during a Stack's Bowers Galleries auction held March 25.

The finest known 1797 Draped Bust half dollar sold for $1.68 million in the Stack’s Bowers Galleries March 2021 Las Vegas Auction, setting a new record as the most valuable United States half dollar. Graded MS-66 by Professional Coin Grading Service (PCGS) with provenance to the magnificent Pogue Collection, it was offered March 25 in the firm’s Rarities Night session.

Produced for only two years in 1796 and 1797, the Draped Bust, Small Eagle half dollar is considered the rarest design type among American silver coinage. It is an incredible challenge at all grade levels and is typically encountered well-worn in Fine or Very Fine condition, often with surface problems. Fewer than 200 examples survive from the 1797 issue, only about 10 of which are in Mint State.

The Pogue specimen is considered the finest known from this exclusive group and has long been recognized as significant. It is traced back to the collection of Virgil Brand formed in the late 19th and early 20th centuries. This record $1.68 million result represents only the third time this piece has sold at auction since it entered the Brand cabinet more than 100 years ago. Each of the three sales was conducted by Stack’s Bowers.

The Pogue 1797 half dollar was one of several records achieved in the Stack’s Bowers March sale, including an $8.4 million result for the finest known 1822 half eagle, also from the Pogue Collection, now the most valuable U.S. Mint gold coin.

Stack's Bowers is now looking ahead to its June 2-4 Showcase Auction to be hosted in its new headquarters and auction gallery in Costa Mesa, Calif. Consignments of U.S. coins, tokens and medals for the June auction are invited through April 8.

For more details on the results from the March sale or to consign to the June auction, visit StacksBowers.com or call (800) 458-4646.