The 1796 Draped Bust Half Dollar is a fascinating coin that holds a significant place in American numismatic history. Struck during the early days of the United States, this coin features a beautiful design and tells a story of a young nation. The 1796 issue is particularly special because it is one of the first half dollars minted by the U.S. Mint. With only a limited number produced, it has become a sought-after collector’s item. In this article, we’ll explore the design, history, and value of the 1796 Draped Bust Half Dollar with 15 stars.
History of the 1796 Draped Bust Half Dollar
The Draped Bust design was created by renowned engraver Robert Scot. This design was introduced in 1796 and continued to be used until 1807. The coin represents the face of Liberty, who is depicted with flowing hair and draped clothing. The 15 stars on the coin reflect the number of states in the Union at that time, showcasing the growth of the young nation.
Design Features
Obverse
- Liberty Portrait: The obverse (front) of the coin features a profile of Lady Liberty. Her hair is styled elegantly, and she wears a headband inscribed with the word “Liberty.”
- Stars: Surrounding her portrait are 15 stars, representing the 15 states in the Union in 1796: Delaware, Pennsylvania, New Jersey, Georgia, Connecticut, Massachusetts, Maryland, South Carolina, New Hampshire, Virginia, New York, North Carolina, Rhode Island, Vermont, and Kentucky.
- Date: Below the portrait, the date “1796” is clearly inscribed.
Reverse
- Eagle Design: The reverse (back) features an eagle with outstretched wings, symbolizing freedom and strength.
- Shield: The eagle is perched on a shield, emphasizing its importance as a national symbol.
- Inscription: The words “United States of America” and “Half Dollar” are inscribed around the eagle, indicating the coin’s value and country of origin.
Rarity and Collectability
The 1796 Draped Bust Half Dollar is considered rare due to its limited mintage. Only 5,000 to 10,000 coins were produced, making it one of the rarest coins in American history. The demand for this coin among collectors has driven its value up significantly over the years. Coins in good condition can fetch prices ranging from several thousand to tens of thousands of dollars at auctions.
Current Market Value
The value of the 1796 Draped Bust Half Dollar can vary based on its condition, rarity, and market demand. Here’s a general overview of the estimated values:
| Coin Condition | Estimated Value |
|---|---|
| Good (G) | $3,000 – $5,000 |
| Very Good (VG) | $6,000 – $10,000 |
| Fine (F) | $10,000 – $15,000 |
| Extremely Fine (EF) | $20,000 – $30,000 |
| Uncirculated (MS) | $40,000 and up |
Conclusion
The 1796 Draped Bust Half Dollar with 15 stars is more than just a coin; it is a piece of history that reflects the early days of the United States. Its unique design, rarity, and historical significance make it a favorite among collectors and numismatists. Owning one of these coins is not just about the value; it’s about holding a tangible connection to America’s past. As interest in American coins continues to grow, the 1796 Draped Bust Half Dollar will remain a sought-after piece for generations to come.
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FAQs
What is the significance of the 15 stars on the 1796 Draped Bust Half Dollar?
The 15 stars represent the 15 states in the United States at the time of the coin’s minting.
Who designed the Draped Bust Half Dollar?
The coin was designed by engraver Robert Scot.
How many 1796 Draped Bust Half Dollars were minted?
Approximately 5,000 to 10,000 coins were produced.
What is the current market value of the 1796 Draped Bust Half Dollar?
Values can range from a few thousand dollars to over $40,000, depending on the coin’s condition.
Where can I buy a 1796 Draped Bust Half Dollar?
These coins can be purchased from reputable coin dealers, auctions, or online numismatic marketplaces.