Did you know that a tiny coin from 1800 could be worth almost half a million dollars today? The Draped Bust Half Dime is one of the most fascinating coins in U.S. history. Its small size and limited mintage make it a valuable treasure for collectors. In this article, we’ll uncover why this coin is so special and how it earned its impressive value.
What Is the Draped Bust Half Dime?
The Draped Bust Half Dime is a silver coin minted in the United States from 1796 to 1805. It features a portrait of Liberty on the front (or obverse) and an eagle on the back (reverse).
Key Features
- Material: Made of 89.24% silver and 10.76% copper.
- Size: Very small, weighing only 1.35 grams.
- Design: The “Draped Bust” design shows Liberty with flowing hair.
Why Is It Worth So Much?
Low Mintage
In 1800, only 24,000 Draped Bust Half Dimes were minted. Over the years, many were lost or damaged, making the surviving coins extremely rare.
Historical Significance
This coin represents an early period in U.S. history when the country was still establishing its identity. Collectors love coins from this era because they tell a story of America’s beginnings.
Excellent Condition
The $476,910 price tag is for a Draped Bust Half Dime in nearly perfect condition. Coins graded as “Mint State” are especially valuable because they show almost no signs of wear.
| Feature | Details |
|---|---|
| Coin Name | 1800 Draped Bust Half Dime |
| Year of Minting | 1800 |
| Material | 89.24% Silver, 10.76% Copper |
| Weight | 1.35 grams |
| Diameter | Approximately 16.5 mm |
| Design (Obverse) | Liberty with flowing hair, known as the “Draped Bust” design |
| Design (Reverse) | Heraldic eagle with a shield on its chest, holding arrows and an olive branch |
| Mintage | Only 24,000 coins produced in 1800 |
| Current Estimated Value | Up to $476,910 (in near-perfect condition) |
| Grading Impact | Condition affects value; coins graded as “Mint State” are the most valuable |
| Historical Significance | Early U.S. coin representing the artistic and cultural style of the new nation |
| Notable Auctions | Rare coins have fetched hundreds of thousands of dollars at major auctions worldwide |
| Key Features for Identification | Small size, Draped Bust Liberty design, 1800 year mark, silver composition |
| Storage Advice | Keep in protective cases or holders to prevent wear and maintain value |
| Where to Sell | Reputable auction houses, coin dealers, or online marketplaces |
How to Identify a Draped Bust Half Dime
- Check the Year: Look for coins dated between 1796 and 1805.
- Inspect the Design: The Draped Bust Liberty image is unique to this series.
- Weigh the Coin: It should weigh around 1.35 grams.
- Seek Professional Help: Have the coin appraised by a certified expert to confirm its authenticity and value.
Tips for Collectors
- Start Small: If the Draped Bust Half Dime is out of your budget, look for other collectible coins from the same era.
- Learn About Grading: Understand how coins are graded so you can evaluate their value more accurately.
- Preserve Coins Properly: Store your coins in protective cases to prevent damage.
FAQs
What is the 1800 Draped Bust Half Dime?
The 1800 Draped Bust Half Dime is a small silver coin minted in the U.S. It features a portrait of Liberty on the front and an eagle on the back, part of a series minted between 1796 and 1805.
Why is this coin so valuable?
Its value comes from a combination of rarity, historical significance, and condition. Only 24,000 were minted in 1800, and very few survive in excellent condition today.
How much is the 1800 Draped Bust Half Dime worth?
In perfect or near-perfect condition, the coin has been sold for as much as $476,910 at auctions. Coins in lesser condition may still be worth thousands.
What makes the Draped Bust design special?
The Draped Bust design, created by artist Robert Scot, is iconic for its portrayal of Liberty with flowing hair. It represents the artistic and cultural style of the early United States.
How can I tell if I have a Draped Bust Half Dime?
Look for the following:
The year (1796–1805).
The Draped Bust Liberty design on the obverse.
The small size (weighs about 1.35 grams).
The 1800 Draped Bust Half Dime is more than just a piece of old silver—it’s a piece of history worth almost half a million dollars. Its rarity, historical value, and excellent condition make it a dream for collectors. Even if you can’t afford this coin, exploring U.S. coin history is a fun and rewarding hobby that connects you to the past. Who knows? You might uncover your own hidden treasure someday!
