1794 50C Flowing Hair Half Dollar, O-105 PCGS VF25

Ex. Heritage 2014 FUN Sale, lot #2538 where it sold for $23,500. It was described as:

1794 O-105 Flowing Hair Half Dollar, VF25
Album-Toned, Better Variety

1794 50C VF25 PCGS. O-105. R-5. While there are several varieties of the 1794 Flowing Hair half dollar that are rarer than the Overton-105 variety, it is still a more difficult variety to find than the usually encountered O-101 or O-101a. Today, any 1794 half is a treasure. After languishing for a long period when not fully appreciated for its rarity, about a dozen years ago the date skyrocketed in value along with other early silver type. Today, collectors clamor for attractive examples.

This midgrade 1794 half displays the characteristics of apparently being housed in an early Wayte Raymond coin board for many years. It acquired lovely toning in concentric rings of deeper iridescent color -- highly prized by today's collectors. The surfaces are remarkably clean for the grade, with no individually important obverse abrasions. The reverse shows several mint-caused adjustment marks, most obvious on the upper portion of the eagle, but these do not detract from the grade or the appeal. A highly desirable, first-year early half. Population: 38 in 25, 57 finer (11/13).