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    Description

    1792 Half Disme, Judd-7, VG8
    First Federal Coinage Issue
    Early Die State

    1792 H10C Half Disme, Judd-7, Pollock-7, R.4, VG8 NGC. It is always a special event when a 1792 half disme is offered at auction. These coins represents what President George Washington famously referred to as "a small beginning" in our nation's coinage, the first pieces struck after the passage of the Mint Act of April 2, 1792. The silver for their production was hand-delivered by Thomas Jefferson, who received 1,500 pieces back from Philadelphia sawmaker John Harper on July 13. Harper manufactured the coins in the cellar of his workshop at the corner of Sixth and Cherry streets.

    This VG8 representative is included in the 2017 Smith, Orosz, and Augsburger reference, 1792: Birth of a Nation's Coinage. Their census includes 169 coins, 133 of which are in circulated condition. This piece is identified as Coin 8-4 on page 187, where the authors write: "Obverse slightly off center toward K-4, reverse well off center toward K-11. Reverse strong near bottom; weak near top. Scratch from chest to eagle to I in AMERICA. Small scratch through H of HALF." This coin is struck from an early state of the dies and was probably among the 1,500 received by Jefferson. A later striking period in October is identified by die rust or spalling, unseen here.

    Although both sides have numerous wispy hairlines, the deep steel toning subdues their appearance, and makes this example highly desirable. The obverse is nicely detailed, while the upper right part of the reverse is poorly defined because of die sinking, as usual for examples at this grade range. A historically significant coin that represents what most consider to be the first official coinage issue of the United States. Housed in a former generation holder, the coin was encapsulated by NGC on November 6, 1989. Listed on page 91 of the 2020 Guide Book.
    Ex: Rarities Sale (Bowers and Merena, 7/1997), lot 117; Steve Glenn Collection / Central States Signature (Heritage, 4/2006), lot 1858.
    From The Poulos Family Collection, Part II. (Registry values: P9) (NGC ID# D93T, PCGS# 11020)


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

    View all of [The Poulos Family Collection, Part II ]

    Auction Info

    Auction Dates
    September, 2019
    5th-8th Thursday-Sunday
    Bids + Registered Phone Bidders: 37
    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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