Capped Bust Half Dime (1829 – 1837)

#1 Capped Bust Half Dime Buyer Las Vegas & Henderson

History

When the production for Draped Half Bust Dime stopped in 1805, making it live for only five years, excluding the year 1804 since no half dimes of any variety were produced. Half dimes only came back into production in the year 1829. It was struck in the early July four, the first sample became a part of the second Philadelphia Mint Building.

 

The return of half dimes took about two decades for reasons unknown. The coin was based on a fresh design from the chief engraver William Kneass. It was also believed that Kneass modified an earlier design by John Reich. Later on, because Kneass had some physical issues, the responsibility was then passed on to Christian Gobrecht. Grobecht altered Kneass’s design with his prepared letter and numerical figures for the Capped Bust Half Dime. Philadelphia minted all of the coins and leaving no mintmark on it. 

 

Design Specifics – the Obverse and the Reverse

 

    • For the obverse design, Lady Liberty was facing the left side instead of the usual right side. Her hair was flowing down her shoulders and was covered with a cloth cap that is fastened by a headband with the word “LIBERTY” inscribed on it. She had a drapery by her neckline fixed with a brooch on her shoulder. She was surrounded by thirteen stars – seven stars on her left and six stars on her right. The thirteen stars still stand to represent the thirteen original states in Union. Underneath her is the date that it was minted.

 

    • For the reverse design, the eagle remains as the main feature. But this time, it has a shield over its chest. Its claws are perched on a branch while holding onto three arrows. Above the eagle is a scroll saying “E PLURIBUS UNUM” and “UNITED STATES OF AMERICA” around it. Under the eagle is “5C” which represents the value that the coin holds.

 

Production of Capped Bust Half Dimes

Using the close collar technology, Capped Bust half dimes were minted as it was under the implementation of the Mint way back in the 1820s. Unlike the close collar, the previous coins were bound before striking the obverse and reverse. This was removed, relaying that the striking process must include the edge reeding. Due to the close collar, the outward spread of the metal during the production process was minimized. This created a consistent diameter for the finished coins. In all fairness, this caused the improvement of device impressions. The metal being forced from flowing outward created totally detailed features in the coin’s design. The use of this technology also generated a protective rim around the coin’s circumference. The utilization of such technology allowed a quality higher than those of previous days. It has made more calibrated details and a more lustrous surface.

 

Thanks to the Mint Act of 1792, a requirement for minted coins were followed to reach a certain standard. This was the start of the close collar technology’s emergence to the mint industry.

 

Circulation Life

Half dimes came back in 1829 introducing the newer face, the Capped Bust half dimes. It circulated from the years 1829 to 1837. It was one of the few coins that were produced continuously with more than six million pieces minted all in all. The highest production ever recorded was in the year 1835 with about 2, 760, 000 minted. However, in its last year of production in 1837, only 871, 000 were struck which also holds the record for the lowest number in the series. In that same year, the Seated Liberty half dimes were also coined.

 

Looking at the Value

If you want to collect Early Half Dimes, a lot of collectors would highly recommend starting with the Capped Bust variety. Given the fact that the number of this coin being circulated is high, it is still not that very easy to spot great quality. Considering that it was circulated for almost nine years, it might have caused the coin to lose its texture and details.

 

Although a few examples that were proof-like certified, there are still specific varieties that are scarce. Even other collectors try to search and collect die varieties, those that have overlapping dates or double features. Each collector has their eyes set on a definite one. The rarer the finds, the better the value that it may hold.

 

The most common grade that you may see nowadays is ranging from Very Good to Very Fine, which holds the majority of the quality of the Capped Bust half dimes in this era. You may also come across with Extremely Fine and AU coins time and again. As it is not as scarce as Uncirculated ones. Gem Uncirculated pieces are the rarest finds. These are the ones that never went through circulation and were kept preserved over the passing decades.

 

In addition, because of the close collar technology that was used in the Capped Bust Half Dime’s production, a mass number of these coins are well made and are not that worn out during the circulation. A huge possibility that collectors can choose the kind of quality that they wanted to go for. As long as the details of the design were not flattened and are still well defined.

 

Based on the grade and quality of your coin, there would price variation. Usually, a Capped Bust Half Dime would be around $35 to $250 or more. The good thing is that the finer coin you find, the higher the bid. Moreover, the price of the coin in the market changes from year to year. If you are not confident of putting it out to the market because of its current pricing, then you could wait it out for another year.

 

Although the grade and quality are fine, you should also consider the amount it is worth. The good thing about these coins is that they are the pioneering coins produced with close collar technology. The way it was designed and minted made it stand through time. Yet, always remember that preservation also affects the quality of the coin. You better take care of it if you want to see its true value.

 

https://www.pcgs.com/coinfacts/category/capped-bust-half-dime-1829-1837/687

https://coinweek.com/us-coins/us-type-coins-2/type-coins-silver/half-dimes-capped-bust-half-dime-1829-1837/

https://en.wikipedia.org/wiki/Half_dime#Capped_Bust_(1829%E2%80%931837)

https://sellcoinsnearme.com/draped-bust-capped-bust-dime/