1804 1/2C Crosslet 4, Stems, BN
The 1804 Draped Bust Half Cent with the Crosslet 4 and Stems is a captivating coin that holds a cherished place among collectors and numismatists. This coin, often referred to by its simple moniker, the "1804 1/2C," was minted at the Philadelphia Mint at a time when the young United States was still in its nascent stages. Its significance goes beyond its utility; it is a piece of American history that tells the story of the nation's early monetary system.
Rarity The 1804 Crosslet 4, Stems Half Cent is considered quite rare within numismatic circles. The term "Crosslet 4" refers to the unique crosslet, or small cross, detail at the top of the numeral "4" in the date. The distinguishing feature "Stems" indicates the coin includes the branch stems in the reverse design. This specific coin variety is known for its limited availability, making it a sought-after piece for collectors. The rarity is accentuated by the coin's overall survival rates, with the condition being a major determinant of value.
Mintage The total mintage of Half Cents for 1804 was modest, as demand for these small denomination coins was low during that period. A portion of these minted coins include the Crosslet 4, Stems variant. According to PCGS, the mintage total for 1804 Half Cents (encompassing all varieties) is approximately 1,055,312, though the exact number for this specific variant is not precisely defined but remains a small fraction of the total.
Values and Notable Sales The value of the 1804 Crosslet 4, Stems Half Cent varies considerably based on its condition. In lower grades, these coins can fetch hundreds of dollars, but their value escalates significantly in higher grades. A coin graded EF40 might be valued at several thousand dollars, while those in the MS (Mint State) range can reach five figures. Historically notable sales of this coin provide a reference for its desirability. These include an MS63BN piece reaching approximately $30,000 at auction.
Numismatic History and Interest From a numismatist's perspective, the 1804 Half Cent represents an era when coinage design was meticulously crafted, reflecting both the artistry and functional requirements of the time. The Draped Bust design, created by Robert Scot, was emblematic of liberty and the nation’s ideals. The coin’s historical context adds layers of interest, encapsulating a period when the United States was expanding and establishing its place on the world stage.
PCGS Details For collectors seeking certification and Authentication, the Professional Coin Grading Service (PCGS) assigns this coin a specific identifier: PCGS #1055. This number is crucial for collectors looking to verify the coin's authenticity and market value.
Historical Significance The 1804 Half Cent, Crosslet 4, Stems version serves as a reminder of the evolutionary journey of American coinage. With its unique markings and relative rarity, it is more than just a monetary unit; it is a tangible artifact that offers insight into the socio-economic aspects of early 19th-century America. This coin continues to captivate collectors, historians, and numismatists alike. Its allure is not only in its age and rarity but also in the historical narrative it represents, making it a covetable piece for any extensive numismatic collection.