Wednesday 22nd February 2012

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Draped Bust Half Dime 1796 - 1805

With the poor reception given the Flowing Hair half dime, Mint Director DeSaussure ordered a redesign of the coins. Seemingly because of a lack of confidience in Scot, who designed the Flowing Hair coins, DeSaussure ask Gilbert Stuart for sketches of a new Liberty head. Stuarts sketch was of a Mrs William Bingham of Rhode Island. Since Vermont and Kentuckey had joined the Union, the 1796 Half Dime had fifteen stars. Shortly thereafter, a sixteenth star was added when Tennessee joined the Union.

Director DeSaussure’s successor, Elias Boudinot, understood that the practice of adding more stars needed to stop. The 1797 coin had the stars reduced to 13 symbolic of the origional 13 colonies that broke away from England.

Philadelphia was often plaged by yellow feaver in the summer and fall, and betwee the years 1797 and 1804 it was particularly bad. It even became necessary to shut down the Mint several times during the season. Engraver Joseph Wright and assayer Joseph Whitehead both died of the feaver in 1793 and the following year, Mint Treasurer Dr. Nicholas died. This explains why the mintage was low some years, and very low in others.

Vital Stats.

  • Designer: Robert Scot
  • Content: 89.2% silver 10.8% copper
  • Diameter: 16.5 millimeters
  • Edge: Reeded
  • Weight: 1.3 grams
  • Mint Mark Legend: None (all coins were minted in Philadelphia)

No "I View" Grading! However, the weare patterns on the Draped Bust half dime are very simmilar to the Draped Bust Dime which has "I View Grading".

Type 1 Small Eagle

Year/
Mint Mark
Circulation
Strikes
1796 10,230
1797 44,527

Type 1
Small Eagle

1796 Draped Bust Half Dime Type 1, Small Eagle Obverse 1796 Half Dime Type 1, Small Eagle reverse

Only a few varieties exist, and all are rare. Two notable varieties are, a broken B in LIBERTY which makes it appear to be LIKERTy and an overdate, 1796/5

1796 "LIKERTY" Half Dime Example


No half dimes were struck in 1798 and 1799. The coin was again minted in 1800 with the same Draped Bust obverse, but with a new heraldic eagle device from the Great Seal of the United States on the reverse.

Grading Standards

It should be noted that most Draped Bust/Small Eagle half dimes are often weakly struck, especially in the center. Typical specimen may grade only Fine.

  • AG3 Almost Good - Details clear enough to identify.
  • G4 Good - Date, stars, LIBERTY readable. Bust outlined but no details.
  • VG8 Very Good - Some details show.
  • F12 Fine - Hair and drapery lines worn but visible.
  • VF20 Very Fine - Only left of drapery indistinct.
  • EF40 Extremely Fine - All hairlines show details.
  • AU50 About Uncirculated - Slight wear on bust, shoulder and hair; wear on head and top of small eagle's wings.
  • MS60 Uncirculated - No trace of wear. Light blemishes.
  • MS63 Uncirculated - Some distracting marks or blemishes in prime focal areas. Luster may be impaired.
  • Wear first begins to shows on the hair above the forehead and on the hair over her ear and shoulder and on the area where the bust meets the drapery line. On the reverse, pay attention to the center of the eagle’s breast and the ribbon.



    Type 2 Large Eagle

    Year/
    Mint Mark
    Circulation
    Strikes
    1800 40,000
    1801 27,760
    1802 3,060
    1803 37,850
    1805 15,600

    Type 2
    Heraldic Eagle

    1803 Half Dime Type 2, Heraldic Eagle Obverse 1803 Half Dime Type 2, Heraldic Eagle Reverse

    Dispite the convenience when making change, production remained limited. Many banks and the markets prefered the Mexican silver half reales (worth approximatly six cents) and their use remaind wide spread. In 1805 the Mint ceased production of the half dime and did not resume production until 1829 with the Capped Bust design.

    The "Draped Bust" image appears on the following coins, and was used for the years listed. Many of these coins were used to make jewelry, which may partially account for their scaresity.

    Half Cent: 1800 - 1808
    One Cent: 1796 - 1807
    Half Dime: 1796 - 1805
    Ten Cent: 1796 - 1807
    Quarter Dollar: 1796 - 1807
    Half Dollar: 1796 - 1807
    One Dollar: 1795 - 1804
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