The Rarity and Value of 1791-1793 Half-Cents from the US Mint

The United States Mint#39;s production of half cents, a significant part of early American numismatics, began in 1793. This article explores the rarity and value of half cents minted from 1791 to 1793, focusing on the R2 Liberty Cap left design.

Introduction to Half-Cents

Half-cents, an early form of circulating currency in the young United States, were a part of a series of small-denomination coins. The producers of the half cents were 35,334, marking a significant early step in the development of the United States monetary system. These coins, struck at the Philadelphia Mint, bore the R2 Liberty Cap left design, featuring an image of Liberty with a liberty cap and a wreath.

Rarity and Production

The production of half cents from 1791 to 1793 is of significant historical and numismatic importance. During this period, the R2 Liberty Cap left design was the only variety minted. Due to the small production run and the passage of time, these coins are considered extremely rare.

Production Statistics

The total mintage for the R2 Liberty Cap left design is 35,334. This number is relatively small compared to the production of later centuries, making these coins highly valuable to collectors. The rarity is further compounded by the fact that many original coins have been worn over time, depleting the supply that is still available today.

Value and Grading

The value of half cents from 1791 to 1793 varies greatly depending on their condition. Coin grading systems are used to assess the value and rarity of coins. The Current Coin Resource (Coin World Trends) provides detailed information on the values of these coins.

Grading Scale

The value of a half cent coin is greatly influenced by its condition. Starting from a worn coin (AG3), which is valued at around $3000, the value increases dramatically as the coin is brought up to a higher grade.

An MS60 brown example, the lowest of the mint state grading system, is valued at $55,000. This grade refers to a coin that has been expertly maintained and is in near-perfect condition, showing minimal wear.

Conclusion

The 1791-1793 half cents from the US Mint are a significant part of early American numismatics. The R2 Liberty Cap left design coins are not only historically important but also incredibly valuable due to their rarity and the age of the coins. For collectors, achieving a coin in MS60 brown or higher can bring substantial value and satisfaction to their collections.

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Understanding the rarity and value of early American coins, such as the half cents from 1791-1793, can provide valuable insights into the changing monetary systems and cultural history of the United States.

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