1824/4 50C Capped Bust Half Dollar PCGS VF35 (CAC)

The 1824/4 is a popular overdate in the extensive Capped Bust half dollar (lettered edge) series of 1807-1836. It is being offered to you by AU Capital Management at a more affordable price in the very collectible grade of VF35. PCGS has graded 44 of the 1824/4 variety as VF35 with 328 finer. Collector’s Universe prices this variety at $400.00 in VF35. In CAC, there are 6 in VF35 with 77 finer. 

The First Philadelphia Mint, where this great collectible was struck in 1824. Photo: public domain.

It is quite possible that this Capped Bust half dollar was among the famed Economite hoard discovered in 1878. This hoard was put together by the Harmony Society, a separatist religious organization that had a community in Economy, Pennsylvania. When the hoard was uncovered, there were over 118,000 silver coins--and Capped Bust half dollars totaled 111,356 of them.

A numismatic myth holds that such half dollars did not circulate and were used solely as bank reserves, as a backup to the widespread private paper currency of the day. However, the existence of the Economite hoard proves this to be a falsehood. The Harmony Society ran woolen and cotton mills, a grain mill, a wine press, a hotel, post office, stores and farms in Pennsylvania. Many of the Bust half dollars from that hoard are circulated, proving that the popular series was indeed used in everyday business transactions.