1793 1/2C, BN
The 1793 1/2 Cent, known as the Liberty Cap, is a rare and significant coin in numismatic history. Minted in 1793, the first year the U.S. federal government produced half cents, it is highly regarded by collectors for its historical significance and scarcity. The coin’s mintage is approximately 35,334, produced at the Philadelphia Mint.
It is cataloged under the PCGS coin number 1000, indicative of its classification in the series. From a numismatist's perspective, the 1793 Liberty Cap half cent is valued for its artistic design by Chief Engraver of the United States Mint, Henry Voigt. The obverse features a portrait of Lady Liberty with flowing hair, adorned with a cap on a pole, signifying freedom.
The reverse showcases a wreath encircling the denomination, emphasizing the coin's utilitarian purpose. In terms of rarity, the 1793 Liberty Cap half cent is one of the key dates for early American copper collectors. Over the years, these coins have emerged primarily in low grades due to their age and extensive circulation. Uncirculated examples are exceptionally rare and highly coveted, making their appearance at auctions a noteworthy event.
There are a few die varieties, with the most common being the variety with a large open wreath. Sales of the 1793 1/2C historically demonstrate its considerable value. For instance, well-preserved examples have sold for over $1 million at high-profile auctions, reflecting both the coin's rarity and demand. Lesser-grade coins are more affordable, yet they still demand significant premiums due to their desirability among collectors of early American coinage. Specific auction results without directly citing include the sale of high-grade 1793 half cents consistently achieving tens of thousands to several hundred thousand dollars, underscoring their investment potential.
Researching coin values on platforms like CoinFacts reveals that the coin’s value varies significantly based on its condition. Examples in good condition might fetch a few thousand dollars, whereas specimens in mint state can command prices that exceed six figures. The history and scarcity of the 1793 Liberty Cap half cent make it a focal point of any collection focused on early American numismatics. It connects collectors to the inception of U.S. coinage, embodying the fledgling nation's economic history and the artistry of its early minting capabilities. Enthusiasts value it not only for its financial worth but as a tangible piece of American heritage and ingenuity.