1795 Flowing Hair Half Dime: Do You Need This In Your Collection? The Collectors Guides Centre

Table Of Content

• Gold Dollar, Type 3 (Large Head) 1856-1889 CoinWeek
• USA 5 Cents 1990 Mint P Monticello Dollar Coin Cent United States America
• Flowing Hair Half Dime H10C Ungraded Die CUD Rare US Silver Coin CC13774
• Indian Head Quarter Eagle : A Collector’s Guide
• We Are APMEX
• Selling Guide
• How Were Flowing Hair Dollars Made?

Scot used the same exact design on both the half dollar and one dollar silver coins of 1794 and 1795. There is no denomination so the size and weight of the coin determine the denomination. Unlike ALL later silver coins, this issue was comprised of .8924 Fine Silver mixed with .1076 Copper.

Gold Dollar, Type 3 (Large Head) 1856-1889 CoinWeek

The first half dimes to be struck in the United States were the famous half dismes of 1792. These coins were produced before an actual mint building had been erected, but they were made by official Mint personnel. A total of 1500 were issued from dies which are thought to have been designed and engraved by British medalist William Russell Birch. The striking process was overseen by Adam Eckfeldt, a Mint officer, and John Harper, a machinist who lived nearby the proposed site of the new mint. The coins were made in the cellar of Harper’s building at Sixth and Cherry Streets, andlegend has it that at least some were coined from silverware provided by Martha Washington. Ten different die varieties have been identified for this issue, with only two of these considered scarce.

Adjustment marks impact price of AU-50 1795 Flowing Hair half dime - Coin World

Adjustment marks impact price of AU-50 1795 Flowing Hair half dime.

Posted: Thu, 19 Jul 2018 07:00:00 GMT [source]

USA 5 Cents 1990 Mint P Monticello Dollar Coin Cent United States America

The first of the very limited “Half Disme” of 1792, created especially for George Washington, reportedly used silver from a silver tea service that belonged to Martha. Due to its very limited mintage, the 1792 Half Disme is really a pattern coin and not a regular issue. We provide all of our customers with a refund, return and / or exchange on everything we sell including all bullion and certified coins. Small numbers of half dismes were made in 1792, a tangible result of the efforts of Benjamin Franklin, Thomas Jefferson, and Alexander Hamilton to move the United States to a decimal coinage system. The 1792 coins are sometimes collected as contract issues or patterns, though wear on the coins and documentary evidence indicates that they did circulate.

Flowing Hair Half Dime H10C Ungraded Die CUD Rare US Silver Coin CC13774

However, a number of nice, high-grade examples have survived, including a few Gems. As one would expect, the quality of strike for 1794 Flowing Hair half dimes is generally poor. In fact, the United States Mint had considerable trouble striking coins of this denomination until the 1830s. It is very hard to locate a 1794 half dime which is sharply detailed on the hair of Liberty. In addition, the eagle’s breast feathers are very often flat and indistinct.

These coins are not terribly expensive in the higher circulated grades and they represent very fertile ground for the collector who is interested in the early history of this country. The dollar coin was meant to be a prestigious coin promoting the American Experiment at home and abroad and to serve as the standard U.S. monetary unit. There is no difference in the design at all between the 1794 and 1795 half dimes, except for the date. The Mint was still learning the proper amount of pressure to use on these small, thin silver planchets and that clearly shows in the coins that they produced.

We Are APMEX

Dollar production stopped after 1,758 coins were minted for 1794, resuming in May 1795, after the Mint procured a press capable of producing more completely struck pieces. Furthermore, these early dollars were produced from handmade dies, which explains the existence of the varieties found in the surviving examples. The total number of coins graded by a specific grading service for a particular coin and grade combination. About fifteen varieties are known, showing minor variations in the placement and design of device elements, most represented by just a handful of listings in census/population reports. While every Flowing Hair half dime is a variety, only devoted series specialists collect the series by die marriage.

The 1795 LM-10 Half Dime is a common variety that can be found in a wide range of grades, including Mint State. During the colonial era, the economic system in the American colonies was tied into the English system of pounds, shillings and pence. A less cumbersome method of coinage, the decimal system, had long been championed by Thomas Jefferson, Alexander Hamilton, and financier Robert Morris. After several unsuccessful attempts to pass authorizing legislation, their plans finally came to fruition with the Mint Act of April 2, 1792. Both the establishment of a mint and the decimal system were not only seen as practical for the new nation but symbolic of a break from England as well.

Though not extremely expensive at grades of Good to Fine, prices climb steadily in grades above that, soaring once one gets to Choice Mint State and finer. Robert Scot modified the design of the first half dime, using a Liberty portrait similar to the one appearing on 1794 Liberty Cap cents and half cents but without the cap and pole. The new design appears not only on the half dimes but also on half dollar and silver dollar coins, reflecting a Mint policy of the time that all silver coins share a common design. Because these early circulating coins were valued by weight, no denomination appears on the coin, though HALF DISME appears on a unique copper pattern created by Scot. The Flowing Hair half dime is a very important coin in that it is one of the first official silver issues produced at the Philadelphia Mint by the United States.

Specimens of either date are typically encountered in grades from Good through Fine to Very Fine. Uncirculated pieces are apt to be encountered only when great collections come on the market. Many pieces are found with a series of parallel lines or adjustment marks, produced at the Mint during the planchet preparation process. In keeping with other pieces of the era, the striking is apt to be inconsistent, and often one area or another will show some normal weakness.

It is important to note that the value of a 1795 Flowing Hair Half Dime can be affected by several factors, including the coin’s condition, rarity, and historical significance. The 1795 LM-10 Half Dime has a unique diagnostic feature that will allow for easy identification. It is the only variety of the year on which the last star (lowest on the right side) has a point attached directly to the tip of Liberty's bust.

The PCGS3000® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. Particular coins being offered for sale may not have been included within particular indexes, and if included, may not have experienced the same market movements as the index as a whole. Collectors Universe, Inc. disclaims any warranties whatsoever with respect to the accuracy of the PCGS3000® or any specific coin index. Surviving examples of the Flowing Hair Half Dime are mostly encountered in lower grades with various problems, while high grade specimens with original surfaces are extremely rare.

Very popular for type set purposes, higher graded coins are always in demand. Circulated coins are also in demand, but are a little less costly and available with some diligent searching. The 1795 Flowing Hair Half Dime (Buy on eBay) is the second date in the series, and the more available one of the two dates produced. The 1795 Silver Plug version is the most coveted of all 1795 Flowing Hair Dollar varieties, and the 1795 Two Leaves variety is scarcer than the Three Leaves variety in all grades. The Flowing Hair Half Dime was actually the first silver coin worth five cents but it was the second half dime created.

On all other varieties, the star is either distant from the bust tip or positioned higher on the bust. Numismatic Rarity converts the Survival Estimate for a particular coin into a number from 1 to 10 (with decimal increments) based on the PCGS Rarity Scale. Around 1880, coin dealer William Elliot Woodward from Massachusetts discovered a hoard of about 100 Half Dimes from 1794 and 1795 in Uncirculated condition. If we look at the current PCGS Population totals, there are dozens of Uncirculated examples for the 1794 Half Dime and over 100 Uncirculated examples of the 1795 Half Dimes.

1795 Half Dimes are relatively scarce as type coins go and there are several varieties (see below) that are quite rare. However, as scarce as they might be, 1795 Half Dimes are easily obtained in Mint State, including in Gem condition. This is also one fo the few early U.S. type coins that can be found in MS67 condition. At least one 1795 coin is known to have been struck on a 1794 dollar, so some of the rejected coins were likely reused as planchets.

There are 15 stars surrounding, arranged eight to the left and seven to the right. The reverse design features an eagle with its wings outstretched, perched on an open wreath. The inscription UNITED STATES OF AMERICA appears around the outer edge of the coin. Notably, the denomination does not appear anywhere within the design, as the Mint considered the coins identifiable by their size and weight. Of the two dates in the Flowing Hair half dime series, the 1795 is more often seen than the 1794.

The quality of strike for 1795 half dimes is a bit better than for 1794s but not by much. The centers are very often flatly impressed, and this tends to give the erroneous impression of wear. A number of coins show pronounced die cracks which further weaken the overall quality of strike. As with the 1794s, a number of 1795 half dimes show adjustment marks on their surfaces. The production of these coins was an act of incredible political significance. In a new, purely Democratic society such as the United States, the coinage of silver was a clear and distinct act of national independence.