The 1792 Half Disme stands as one of the most historically significant and valuable coins ever minted in the United States. With prices soaring close to $800,000, this rare coin holds a rich history that makes it highly sought after by collectors and numismatic enthusiasts. From its unique design to its limited production, the 1792 Half Disme has cemented its place in the world of rare coin collecting. Below, we’ll explore its historical importance, specifications, and the factors contributing to its extraordinary value.
Historical Importance of the 1792 Half Disme
America’s First Coinage
The 1792 Half Disme holds a special place in American history as one of the earliest coins minted by the U.S. government. The Coinage Act of 1792 authorized its creation in a makeshift mint housed in the cellar of a saw maker’s shop in Philadelphia. President George Washington even contributed the silverware used in the minting process, adding a personal touch to its historical significance.
Specifications and Design
Specifications
- Obverse Design: Lady Liberty facing left, symbolizing freedom and democracy.
- Reverse Design: A small eagle, representing the fledgling nation.
- Composition: Approximately 89% silver and 11% copper.
- Weight: 1.35 grams.
- Diameter: 16.5 mm.
- Edge: Reeded.
Craft and Design
The 1792 Half Disme was designed to reflect the novelty of America’s early coinage. Lady Liberty is shown seated, holding a shield and liberty cap within a wreath of 13 stars, representing the original states. The coin’s inscription includes “CONFEDERATE STATES OF AMERICA” and “HALF DOL,” further highlighting its unique characteristics.
Historical Auction Prices
The rarity and historical appeal of the 1792 Half Disme have led to impressive auction results. A specimen graded AU55 by NGC auctioned for $824,850, while another graded AU50 fetched $998,750. These prices reflect the high demand for this early American coin and its desirability among collectors.
Still More Other Rare Coins That Surpass $47 Million
1792 Birch Cent (Judd-4)
One of the earliest designs for the U.S. cent, a specimen graded MS65★ Red and Brown by NGC sold for $2.585 million.
1792 Silver Center Cent (Judd-1)
An experimental piece with a silver plug at the center sold for $1.15 million.
1792 Disme (Judd-10)
Another early pattern coin sold for $998,750, graded AU50.
1861 Confederate Half Dollar
One of only four known examples, sold for $881,250, graded PR30.
Conclusion
The 1792 Half Disme, along with other early American coins, is more than just currency—it represents a vital part of the nation’s formative years. Its scarcity, historical value, and the stories they tell continue to attract collectors and investors alike. The impressive auction results reflect their significance in the world of numismatics, making these coins highly valuable treasures.
FAQ’s
What makes the 1792 Half Disme valuable?
The 1792 Half Disme is valuable due to its rarity, historical significance, and limited production, with only a few hundred known specimens.
What is the design of the 1792 Half Disme?
The coin features Lady Liberty seated with a shield and liberty cap within a wreath of 13 stars, and a small eagle on the reverse side.
What auction prices have 1792 Half Dismes fetched?
Specimens have sold for nearly $800,000, with some graded AU55 and AU50 fetching over $824,850 and $998,750, respectively.