Price Guide for 1792 Half Dime Variants
This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.
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3rd Party PriceCirculated: $57.50 – $218,500.00Uncirculated: $38,500.00 – $1,145,625.00
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eBayCirculated: $222.50 – $31,900.00
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PCGS Price GuideCirculated: $50,000.00 – $235,000.00Uncirculated: $250,000.00 – $1,750,000.00
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3rd Party PriceUncirculated: $1,292,500.00 – $1,410,000.00
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PCGS Price GuideUncirculated: $1,750,000.00
Design and Specifications of the 1792 Half Dime
The 1792 Half Dime, also known as the Half Disme, holds a significant place in American numismatic history. It was one of the first coins struck by the United States Mint, even before the mint building in Philadelphia was completed. These coins were reportedly struck using silver from George Washington’s personal silverware, though this claim is debated among historians.
The 1792 Half Dime was a pattern coin, meaning it was produced as a sample or test piece. It played a crucial role in establishing the decimal-based monetary system in the United States, as envisioned by Alexander Hamilton.
| Weight | 1.35 grams |
|---|---|
| Diameter | 17.5 mm |
| Mint Marks | None (all minted in Philadelphia) |
| Composition | 89.24% silver, 10.76% copper |
| Obverse Design | Liberty facing right with flowing hair, designed by Robert Birch |
| Reverse Design | An eagle with outstretched wings, designed by Robert Birch |
Rarity Factors and Value Drivers
The condition of a 1792 Half Dime has a profound impact on its value. Given its age and historical significance, even low-grade specimens command high premiums. Coins in Extremely Fine (XF) condition or better are exceptionally rare and highly sought after by collectors and museums.
The strike quality can vary, with some examples showing weakness in certain areas. Well-struck coins with full details are particularly desirable. Original luster is rarely seen but greatly enhances value when present. Natural toning can also add to the coin’s appeal and value, especially if it’s attractive and even.
Mintage: 1,500 (estimated)
Rarity Scale: Very Rare
Circulation Status: Not Intended for Circulation
Preservation Rarity: Extremely rare in high grades (MS60 and above)
Varieties Errors: No significant varieties known
Market Demand: High, due to historical significance and extreme rarity
Provenance plays a crucial role in the value of 1792 Half Dimes. Coins with a well-documented history, especially those that can be traced back to early American collections or prominent historical figures, can command significant premiums.
The historical significance of this coin as one of the first struck by the U.S. Mint makes it highly desirable regardless of condition. Its connection to the founding of the United States monetary system adds immense numismatic and historical value.
Due to its rarity, authentication is critical. Coins certified by reputable grading services typically command higher prices and are more liquid in the market.
