The 1807 Draped Bust half cent is a fascinating piece of early American numismatic history. Designed by Robert Scot, it was intended to be a low-value coin accessible to all Americans, but it faced limited popularity. Despite this, collectors today are drawn to its rarity and historical significance. This guide provides a comprehensive look at the 1807 Draped Bust half cent, its characteristics, value, and significance in numismatic circles.
The 1807 Draped Bust half cent holds a unique place in American coinage history. Designed by Robert Scot, it was produced at a time when America was expanding its monetary system. Although it wasn’t widely circulated, its scarcity and distinctive design have made it a sought-after collectible today.
| Attribute | Detail |
|---|---|
| Country | United States of America |
| Year of Issue | 1807 |
| Denomination | Half Cent (USD) |
| Mint Mark | None (Philadelphia) |
| Mintage | 476,000 |
| Alloy | Copper |
| Weight | 5.44 g |
| Diameter | 23.50 mm |
| Edge | Plain |
| OBV Designer | Robert Scot |
| REV Designer | Robert Scot |
Close Look at the 1807 Draped Bust Half Cent
Minting and Design
The 1807 Draped Bust half cent was struck using a single pair of dies, leading to variations in quality and detail. The obverse features a right-facing bust of Lady Liberty, while the reverse displays a laurel wreath encircling the denomination, HALF CENT. This design was consistent with other Draped Bust coins, reflecting the artistry and precision of early American coinage.
Mintage and Rarity
The official mintage for the 1807 Draped Bust half cent was 476,000 coins. However, this figure has been debated over the years, with numismatists suggesting a lower actual mintage, possibly around 356,000. This scarcity contributes to the high value of well-preserved specimens today.
Quality and Value of the 1807 Draped Bust Half Cents
Grades and Pricing
The condition of a 1807 Draped Bust half cent significantly impacts its value. Commonly seen in “Brown” condition, these coins range from $75 to $100 in lower grades, increasing to $1,500 to $2,000 in higher Mint State grades. Certified MS-64 examples can fetch upwards of $18,000 at auction.
Noteworthy Specimens
Top specimens of the 1807 Draped Bust half cent, such as the PCGS MS64BN, have set auction records, illustrating the coin’s desirability among collectors.
FAQ’s
What is the value of a 1807 Draped Bust half cent in good condition?
$75 to $100.
How rare are MS-64 graded examples of the 1807 Draped Bust half cent?
Only 3 MS-64BN examples exist.
What is the highest auction price ever recorded for a 1807 Draped Bust half cent?
$18,000 for a PCGS MS64 choice Mint State half cent.