wow its a shame about that planchet flaw ( I presume ) . You would also think it would knock it down some ?
That's not a planchet flaw. It's a pair of die cracks that nearly meet in the center. ALL examples of the very rare no-pole 1796 half cent were struck that way. This one is the finest known and should sell for a lot more than the $350K current bid. Presumably, the cracked die is the reason they never bothered to engrave the pole into it. The wonder is that they used the die at all with multiple major defects. But, if you're wealthy enough, it can be yours.
I zoomed in on the obverse and number of times trying to figure out whether it's a die crack or a cracked planchet. To me it looks like a planchet flaw. As far being graded MS 67 I wouldn't give it that grade based on the the condition of the reverse alone. I would call it MS 65. However, the way grading services operate if they know there are few examples they play a numbers game when it comes to grading. With this being claimed to be the finest known if the next lowest graded coin has been graded MS 65 I can see how they would now push this coin into MS 67. It's just how they broke down the condition census. If they called it a MS 65 (which I think it is) and there is another that is already graded as MS 65 by calling it a MS 67 it points to it as being the finest known. Either way it's a very nice coin.
Finances are all relative for what people can afford. Plenty of coins cost that much or significantly more. Many people would balk at the idea of paying even 20 dollars for a cent
It doesn't really matter what grade PCGS put it. It's the finest known example of the rarer of the two 1796 half cent die varieties. The 1796 is the holly grail of half cents, and this is the best of the rarest. To steal some Sheldon language, "It's the aristocrat of aristocrats among half cents." As for the line across the obverse, it's a die break. It probably explains why the coin is so rare. The die failed before very many could be struck. If it doesn't have a die break, it's probably from China, and you should be able to buy those things cheap. The final price will 7 figures. The question is, which very rich collector will hold out the longest. Coins like this are the REAL trophy coins. As for bidding this item, it's already beyond the bidding limit I have at Heritage.
ya if you go to PCGS and compare the 65 to the 67 apart from one being RB and the other being BN the 67 has noticeable more eye appeal and significantly better detail on the hair I have no question that the 67 is a much better coin and 67 v 65 is reasonable. This is seriously a great coin with an epic pedigree and would be a great addition to any top collection