1876 Octagonal ½ Dollar, BG-932A. PCGS MS65. Arguably Rarity-8 but at least HR-7. Finest Known. Formerly in a NGC MS65 Prooflike holder and crossed over to PCGS recently (see image) for possible inclusion into a Registry Set. Obverse:“Baby Head” left, with 13 ‘rosette’ or cinquefoil stars with the ends rounded as petals. The 6th star does not touch the point of the coronet whereas on BG-932 it does. The 8 of the date is closer to the 1 than on BG-932 and is further away from the 7. Reverse: 1-2 DOLLAR CAL within a wreath. Same as BG-932.
Let it be known – this coin is Extremely Rare! Even though it is listed in Breen-Gillio as Unique there are, however, apparently three, possibly four known specimens. Only two are graded by PCGS -an AU58 and this MS65. There are none at NGC. The present example was purchased and properly attributed by numismatist and Pioneer gold expert David McCarthy in a private treaty offering during the Long Beach show of January 2015. It was then sold privately but then resurfaced for sale again in late summer of that same year.
The other examples known include (1) the Jay Roe PCGS AU58 piece sold 9/14/2003 for $6,440. This coin is also the 1999 Harry Bass Collection:2662 example. (2) The example astutely acquired by Christopher Terry on eBay on 4/25/2005 and later re-offered at $12,500. (3) An AU58 reportedly in the Mike Locke Collection (possibly ex. Roe/Bass?).
Destined for the most advanced cabinet of Pioneer or California Fractional gold pieces!