Million-Dollar Coins: How the 1792 Half Disme Became a Numismatic Treasure

The study and collecting of coins, or numismatics, frequently yields amazing tales of rare coins selling for enormous sums of money at auction. Certain coins can fetch hundreds of thousands of dollars when they are sold.

The Half Disme from 1792 is one of the most valuable and important pieces in history. This article examines these rare coins in further detail, focusing on the 1792 Half Disme in particular, and investigates the reasons behind its high demand among collectors.

The 1792 Half Disme: America s First Coinage

Historical Significance

The significance of the 1792 Half Disme lies in the fact that it was among the first American coins to be struck. The currency was made at a little mint in the Philadelphia basement of a sawmaker’s shop and was approved under the Coinage Act of 1792. Silverware is thought to have been supplied by President George Washington to aid in the production of these coins, making it an important aspect of American history.

Design and Specifications

The 1792 Half Disme stands attention due to its distinctive features:

• Obverse Design: Shows Lady Liberty facing left, symbolizing freedom.
• Reverse Design: Displays a small eagle, representing the new nation.
• Composition: Made from 89% silver and 11% copper.
• Weight: 1.35 grams.
• Diameter: 16.5 mm.
• Edge: Reeded.

Auction Records

The 1792 Half Disme is extremely valuable at auction due to its rarity. One coin with the grade AU55 sold for $824,850, and another with the grade AU50 sold for $998,750. The enormous demand for this ancient coin is demonstrated by these high prices.

Other Numismatic Rarities Surpassing $47 Million

Other rare coins that have sold for enormous sums of money include the 1792 Half Disme. The cumulative auction sales of these coins have surpassed $47 million. Among the most prominent ones are:

• 1792 Birch Cent (Judd-4): This early pattern coin sold for $2.585 million.
• 1792 Silver Center Cent (Judd-1): Known for its silver plug at the center, this coin sold for $1.15 million.
• 1792 Disme (Judd-10): Another early coin that went for $998,750.
• 1861 Confederate Half Dollar: This rare coin from the Civil War era fetched $881,250.
• 1792 Quarter Dollar (Judd-13): One of only four known, it sold for $1.26 million.
• 1776 Continental Dollar: A highly significant coin from American history, with high-grade examples selling for large amounts.

Collective Auction Results

Together, these rare coins have brought in almost $47 million. Many of these coins were part of the Partrick Collection, which sold for almost $26 million at its initial auction.

Factors Influencing Value

Rare coin values are influenced by a number of factors:

• Rarity: The fewer the coins, the higher the value.
• Historical Significance: Coins that are linked to important historical events or figures are more valuable.
• Condition: Coins in better condition, with minimal wear, are worth more.
• Provenance: A well-documented history of ownership can increase a coin s value.

More than just currency, the 1792 Half Disme and other early American coins are priceless artifacts that link us to the country’s founding.

They are extremely valuable due to their rarity, historical significance, and condition. These coins continue to draw interest from investors and collectors, as seen by their auction values, making them significant items in the numismatics community.

1. What is the 1792 Half Disme?

One of the first American coins produced in the early years of the country’s history is the 1792 Half Dime. Because of its historical significance, it is highly appreciated.

2. Why is the 1792 Half Disme so valuable?

Its great value is a result of its rarity, condition, and historical significance. It is a priceless piece of American history because it was among the first coins the country produced.

3. How much has the 1792 Half Disme sold for?

The high demand for this uncommon coin was demonstrated by the $824,850 that one of these coins brought at auction and the over $1 million that another brought in.

4. What other rare coins are valuable in numismatics?

Due to their scarcity and historical significance, coins such as the 1776 Continental Dollar, 1792 Silver Center Cent, and 1792 Birch Cent have also sold for millions of dollars.

5. What factors make a coin valuable?

A coin’s value is influenced by its provenance (ownership history), rarity, historical significance, and condition. Coins with deeper historical links and superior condition typically fetch higher prices.

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