1792 Judd-7 Half Disme, VG Details
    Historic First-Circulating Federal Issue

    1792 H10C Half Disme, Judd-7, Pollock-7, R.4 -- Tooled -- PCGS Genuine. VG Details. The Mint Act of 1792 authorized the first Federal issue of the United States, and approximately 1,500 half dismes were struck even though the first Mint building was yet to be built. The coins were struck in the cellar of Philadelphia sawmaker John Harper. The importance of the event transcended the need for circulating coinage in the new nation -- the mintage was insignificant in terms of satisfying the need for "hard money," but it was of great importance as the first step in that direction. The fact that George Washington himself supplied the coin and bullion for the mintage and Thomas Jefferson took delivery of the half dismes when struck confirms the groundbreaking significance of the moment.

    Among the 200 to 300 pieces that remain of the mintage, a few are pristine and Uncirculated -- undoubtedly saved as souvenirs of the moment, or handed off to dignitaries both in the United States and abroad as a political gesture. Others actually circulated, and many of those are compromised by damage or excessive wear. A good many were holed for suspension, then later plugged. The present coin displays many abrasions and scratches, some of which were smoothed and removed to account for the net PCGS grade. The area by the eagle's right (facing) wing shows the most overt smoothing. Pleasing old-silver color remains, and the remaining devices are relatively well-defined for the net VG level. Regardless of condition, a 1792 half disme is one of the most important keepsakes of the earliest days of the country and rightfully the subject of intense collector interest in any state of preservation.

    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Dates
    June, 2016
    8th-12th Wednesday-Sunday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
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    Numismatic Background and Census of 1802 Half Dimes: A Classic American Rarity
    This 64-page book cites mintage and rarity estimates by prominent numismatists and documents the currently known 1802 half dime appearances. Each of the 32 documented examples includes an enlarged obverse/reverse photograph, the author's assigned grade, the provenance of each coin, auction prices realized or dealer fixed asking price, and a unique serial number for each specimen that will facilitate retrieval for research, cataloging, or price-information purposes. Reserve your copy of this remarkable volume for just $29.95 today.
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