The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
Technically a pattern issue, also known as Judd-7, but now widely popular and considered collectible as a regular issue. The 1792 Half Disme is a historic numismatic rarity that ushered in the production of coinage for the United States of America. Alexander Hamilton was ordered by Congress, on April 15, 1790, to establish a Mint for our new country. Just over a year later, the Morris Bill was drafted, detailing the framework of the American coinage system.
By April, 1792, the Mint Act was passed; and, by order of George Washington, the first coin was set to be minted. The Half Disme was conceptualized by David Rittenhouse who went on to become the very first Mint Director.
Thomas Jefferson, himself, delivered the silver to the manufacturer, John Harper, who was a toolmaker by trade. Three months later, Harper presented Jefferson with 1,500 coins given the name Half Dismes, per the Mint Act.
The Half Dismes were struck using dies created by the engraver, Robert Birch. The Morris Bill required that the Half Dismes contain 0.8924 silver along with other metals for a total weight of 1.35 grams and a diameter of 17.5 millimeters. On November 6, 1792, these coins were put into circulation by the United States Mint as the first legal tender of our nation.
The mintage for the 1792 Half Disme was 1,500. Unfortunately, approximately just 275 are estimated to have survived in all grades with about 15% of those in mint state.
Obverse Description
The obverse of the coin displays a depiction of Liberty facing to the left, with the date below the bust, and the phrase LIB PAR OF SCIENCE & INDUSTRY in the legend.
Reverse Description
The reverse portrays an eagle, also facing to the left, with "HALF DISME" beneath it and the legend displaying "UNITED STATES OF AMERICA."
Book Reference
Designer: Unknown (possibly Robert Birch). Weight: 1.35 grams. Composition: .8924 silver, .1076 copper. Diameter: 16.5 mm. Edge: Reeded. Mint: John Harper’s shop, Philadelphia.
Key to Collecting: The 1792 half disme is one of the more fascinating early federal issues, mainly because facts concerning it are scarce and legends and rumors abound. It has been said that Martha Washington posed for the obverse, but if this is true, her image on the coin is not even remotely similar to illustrations of her made from life in the same era. Some have said that President Washington took his own silverware to the Mint, where it was melted down and converted to half dismes, which were then given to him. And so it goes, with widely ranging accounts of this denomination’s history.
The point of mentioning all of this here is that the 1792 half dime is shrouded in a good deal of mystery—and such things contribute to the fascination of numismatics and, indeed, here and there among other designs, to the formation and enjoyment of a type set.
Probably 200 to 300 circulated coins exist, mostly in grades such from G to F, often with dents and marks. Mint State coins are exceedingly rare, with probably fewer than two dozen in existence. Several of these are memorable and qualify as choice or gem grades.
Aspects of Striking and Appearance: Usually fairly well struck except for some lightness on the eagle’s breast. Some have adjustment marks from filing the planchet prior to striking. For this coin, I suggest that you disregard seeking a sharp one and concentrate instead on finding one with overall good eye appeal and without problems.
Catalog Information
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS67 |
|
$1,440,000 | $1,234 |
| MS67 | - | $1,140,000 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
| AG2 |
|
$1,234 | $1,234 |
| AG2 | - | $1,234 | $1,234 |
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