The 1800 Draped Bust Half Dime holds a special place in U.S. numismatic history. After a two-year gap, this denomination returned, featuring a Heraldic Eagle on the reverse. The mintage is believed to be around 40,000 coins.
What makes this coin particularly interesting is the “LIBEKTY” error, where the top of the “R” in LIBERTY is missing, creating a spelling oddity. This variant, along with other features, makes the 1800 Draped Bust Half Dime a popular and collectible coin.
Key Varieties and Rare Features
There are five known die marriages for the 1800 Draped Bust Half Dime. Among them, three are considered rare. The LM-1 variety, with its correctly spelled “LIBERTY,” is the most common.
However, rare varieties, such as the “LIBEKTY” error (LM-3), can carry a premium and are highly sought after by collectors.
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One of the finest examples of the Draped Bust Half Dime graded PCGS MS68, is known for its spectacular toning and has passed through several prestigious collections.
It was sold for an impressive $381,875 in 2015 which might be worth over $476,910 currently considering the US inflation rate over the years. Such examples are extremely rare and hold significant value due to their condition and history.
Collecting Tips for the 1800 Draped Bust Half Dime
Most collectors find that rare varieties of the Draped Bust Half Dime are often in low grades or show post-mint damage.
While these coins may not have the same visual appeal as pristine examples, their historical value remains high, making them more affordable for those looking to expand their collection.
When identifying rare varieties, pay attention to specific features. For instance, the LM-1 variety has a distinctive “8” in the date, created by overlapping two small o punches.
The LM-3 variety is notable for the “LIBEKTY” error, caused by a broken punch.
Market Highlights
The market for the 1800 Draped Bust Half Dime is strong, with high-grade specimens fetching tens of thousands of dollars at auction.
The coin’s rarity, historical significance, and condition all contribute to its market value. As with any collectible coin, it’s essential to seek expert advice before purchasing, especially for high-end pieces.
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Conclusion
The 1800 Draped Bust Half Dime is an iconic coin that continues to captivate collectors with its rich history and rare varieties.
Whether you are a seasoned numismatist or a new collector, this coin offers a glimpse into early U.S. minting history and remains a prized piece for many.
Ethan is a passionate rare coin collector with years of experience uncovering the stories and history behind unique coins. His insightful articles are a go-to for anyone curious about coin values or their fascinating backstories.