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Philadelphia struck 839,576 half dollars in 1806—the largest Heraldic Eagle half mintage of the short 1801–1807 type. Collectors sort them first by the shape of the 6 and whether the olive stem passes through the eagle’s claw. Pointed 6, Stem is the standard Red Book entry (PCGS 6071), embracing more than a dozen Overton marriages. This piece is O-123 (PCGS 39329), a better die pairing rated Low R.5 to R.6 depending on die state—not the common O-115 class, and not the famous O-108 Knob 6, No Stem rarity. Robert Scot’s Draped Bust and Heraldic Eagle; lettered edge FIFTY CENTS OR HALF A DOLLAR.
Extremely Fine is a working collector grade for early halves: full rims, clear hair and shield, honest wear on the high points. Original, uncleaned examples are the ones that matter. CAC has stickered 35 coins of the Pointed 6, Stem Red Book variety in all grades. This XF-40 O-123 carries the green bean—confirmation that the color, surfaces, and strike sit comfortably in the assigned grade. A scarcer marriage from the most available date of the design, with the CAC filter that early-half buyers now expect.
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