Just 600 of the 12 Star half cents minted in 1828 have survived, whether certified or not, according to PCGS Coin Facts. The vast majority were lost to attrition and most survivors are in very low circulated grades. This is the only U.S. coin ever issued with 12 stars. Whether made deliberately or in error, this issue is vastly undervalued considering its profound historical significance and true scarcity. Finding one in a prestigious PCGS holder is difficult, given that PCGS is notoriously conservative when it comes to grading this issue. And CAC is even fussier, given that they have certified a mere 27 PCGS/NGC pieces in all grades combined, including just five in Mint State. And remember, many appearing in PCGS and CAC population reports are no doubt resubmissions of the same coins. The present specimen is very choice and attractive for its grade/price. Unlike many in slabs, it is totally original and was never doctored in any way. The coin is more appealing than many in Mint State!
The 1828 12 Star half cent is one of the true keys in the entire series, and a vastly underpriced one at that. The only AU58 CAC that has appeared at auction (that we could trace) sold for $1,175.00 (Goldberg, 6/15). A green CAC sticker means that CAC's experts believe that a coin is high end for its PCGS/NGC grade or (less likely) grades up to above average for the next highest grade. In other words, a green-stickered coin could be under graded. A gold CAC sticker indicates that CAC deems a coin at least high-end for the next grade up and would assign at least a green CAC bean at that higher grade.
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