Price: 7,500.00 - SOLD - 5/13/2013* Free Shipping and Insurance for coins at $10K or above.
1797 Half Dime - 1797 H10C 16 Stars, PCGS VF30 CAC. This attractive 1797 Half Dime, Draped Bust, Small Eagle half dime has excellent surfaces, which are clean for the grade. They are a mixture of tan, gray, and steel. These colors attest to the coins originality. About half of the dentils show on each side, which is typical for the type. Libertys hair and bust lines are well detailed for the grade. The CAC sticker indicates that the coin is a premium quality piece that fully deserves the grade assigned.
Made for only two years with a Small Eagle reverse, the half dime saw three different arrangements of stars in 1797. The year began with the 15 Star obverse. The 16 Star coins came next, and finally the 13 Star obverse was used.
Designed by Robert Scot, the Draped Bust, Small Eagle Reverse half dime shows a draped bust of Liberty with her hair tied with a ribbon. The word LIBERTY is above and the date is below. To the left of Liberty there are 9 six-pointed stars, and to the right there are 7. The Small Eagle Reverse shows a skinny eagle perched on a wreath that is tied with a bow and surrounded by the legend UNITED STATES OF AMERICA. The left half of the wreath is laurel, and the right half is palm. There is no denomination indicated on the coin, and the edge is reeded.
Scot was born in 1744. It is uncertain if he was born in Edinburgh, Scotland or in England. He was trained as a watchmaker in England and learned engraving afterwards. He moved to the United States in 1777, where he worked as an engraver of plates, bills of exchange, and office scales. During the Revolution, he was an engraver of paper money. In 1781 he moved to Philadelphia. He was appointed Chief Engraver of the United States Mint on November 23, 1793 by David Rittenhouse, Mint Director. His salary in 1795 was $1,200 per year.
The Mint Director received only $800 dollars per year more. Scots ability to make dies was limited, and in his advanced years he had failing eyesight. His work was somewhat less than that done in Europe at the time, and Scot was criticized for its poor quality. Despite these limitations, he was responsible for designs of most of Americas first coins. These include the Flowing Hair and the Draped Bust motifs used on early silver coins and the Capped Bust gold coins. Scot also designed the 1794-1797 half-cent, the 1800-1808 draped bust half-cent, and the Thomas Jefferson Indian Peace Medal.
The early Mint in Philadelphia had many challenges. Each of the specialists, the designers, engravers, and press operators were men who had previously worked in other fields. Coin manufacturing was a new trade for them. Production was sporadic. For the new Mint to coin each of the mandated denominations, it took four years. This delay was partly because of inexperience and governmental obstacles. Bonds that were unrealistically high were impediments to engravers working with precious metals. Congress was not united on the need for a government mint since private and foreign coinage seemed to work. Because of the non-existent or low production numbers in the early years of the Mint, foreign copper, silver and gold circulated along with American made coins for many years until they were later demonetized.
Record keeping in the Mints early years was fairly inaccurate. At the end of the eighteenth century Philadelphia had recovered from the British occupation and Revolutionary War. It was the second largest city in the English-speaking world, but it could do nothing to protect its citizens from the mosquito-borne epidemic of yellow fever. Its wealthy citizens went to the countryside to escape, and the poor grimly waited their fate. Of course these annual epidemics caused havoc with all manufacturing that required continuity, such as a coinage sequence. In addition to yellow fever, chaos at the Mint was also caused by chronic bullion shortages, coin dies that would wear out and had to be re-engraved because they were not taken out of production until they failed completely, and a Chief Engraver, Robert Scot, who was in his seventies and had failing eyesight.
In its population report, PCGS shows 4 1797 16 Stars half dimes in VF30 condition. As of February 2013, CAC has confirmed 1, the present coin, in VF 30.
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