This was lot 94 in my August 2013 MB 37. Then raw, I graded it VF 25/30. Well, shame on me. Or maybe PCGS (note the detail in Liberty’s lower curls and the eagle’s wing feathers). I will stick by my description:
This was Al Overton’s set piece though not plated in any of the 4 [now 5] editions. Paul Munson loaned Overton his high grade (but cleaned) example for the 1st and 2nd editions. Richard Pugh provided the choice XF coin seen in the 3rd and 4th [and 5th] editions. The rarity rating of this charismatic 1806 has not budged in the 30 years [make that 40 years] I’ve enjoyed studying early half-dollars. I doubt that more than 20 pieces are known. The die pair is readily identified. First by the exceptionally large, flat stars crowding one another and nearly reaching the rim. [The sole 1806 Pointed 6 with Large Stars.] Second, in most instances, the “elephant trunk” die break from Liberty’s nose to the rim between stars 10 and 11 is a dead giveaway. Very early die states lack the die break. Only 2 or 3 are known. The obverse die experienced a short and troubled life. It was unable to provide Miss Liberty with a decent strike; her ribbon, top hair curls and drapery lines are traditionally weak. I grade the reverse 5 points higher simply because it displays more detail. Don Parsley liked the coin enough to call it XF 45. The coin has attractive toning from storage in a kraft envelope. Hairlines may be seen under the toning but are of little consequence. This is a rare and important coin.
The Overton provenance is noted on the PCGS holder. The coin brought only $5,082 in 2014. Nomura acquired it via private treaty 2 years later. As I said … a VERY important bust half-dollar. Estimate: $5,000 and up