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1877 Gilt $50 Half Union J-1547 NGC PF63 |
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1877 $50 Gilt Half Union, J-1547 NGC PF63
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Housed in an NGC slab that measures 7.5"x4"
• Ranked #13 in the 100 Greatest U.S. Coins book.
• This is the only collectible Gilt J-1547.
This monumental rarity was produced in 1877 to test the feasibility of a large denomination gold coin. The proposal came from California which only used coins at the time because paper money was illegal under the state constitution. There was a general demand from bankers and merchants for gold pieces of larger denominations.
A petition was sent to the Secretary of Treasury James Guthrie, requesting authorization of the $50 gold coins. The bill was later introduced and favored for striking the $50 gold "half union" and a $100 gold "union." Although the bill passed the senate, it did not pass the house.
Designed by William Barber, the obverse features a portrait of Lady Liberty facing left with a beaded border, her locks wavy and thick. Below Lady Liberty, a "B" for Barber and thirteen stars surrounding the head.
The reverse depicts an eagle with raised wings and a shield before its breast holding three arrows in the left talon and an olive branch with three leaves on the right. The beak holds a scroll with the inscription E PLURIBUS UNUM.
Price Activity Report
• 2005 $300,000
• 1997 $110,000
• 1965 $9,000
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