Bust Half Dime Value Guide (1796–1837)

The Bust Half Dime series represents one of the most historically significant and condition-sensitive areas of early American coinage. Spanning four decades from 1796 to 1837, this series encompasses three distinct design types: the Draped Bust with Small Eagle reverse (1796–1797), the Draped Bust with Heraldic Eagle reverse (1800–1805), and the Capped Bust (1829–1837). A remarkable 23-year production hiatus from 1806 to 1828 separates the early hand-struck, open-collar issues from the later industrial-era, close-collar coins, creating what is effectively two different collecting universes within a single series.

Unlike modern coins where values are primarily driven by mintage figures, Bust Half Dimes operate in a market dominated by absolute scarcity, type coin demand, and the critical distinction between original and cleaned surfaces. The entire Draped Bust era (1796–1805) has a combined survival population estimated at fewer than 3,000 to 5,000 specimens across all grades—making even "common" dates genuinely rare. The 1802 stands as the undisputed king of the series with fewer than 50 known examples and auction records exceeding $450,000. Meanwhile, the Capped Bust era offers surprisingly affordable entry points, with high-grade examples available for under $1,000.

This guide provides comprehensive valuation data for every date in the series, detailed variety diagnostics (including the famous LIKERTY and LIBEKTY errors), grading insights specific to weakly-struck early silver, and authentication guidance including the notorious "1804" trap. Whether you're pursuing a complete date run, building a type set, or evaluating an inherited coin, understanding the nuances of this series is essential to making informed decisions in what remains a predominantly collector-driven market.

Bust Half Dime Identification Guide

Proper identification is the critical first step in valuing a Bust Half Dime, as the series contains three distinct design types that vary dramatically in value—from $50 to over $150,000. The 23-year production gap between 1805 and 1829 creates an immediate division: early Draped Bust coins (1796–1805) versus later Capped Bust coins (1829–1837).

Three types of Bust Half Dimes: Draped Bust Small Eagle (left, 1796–1797), Draped Bust Heraldic Eagle (center, 1800–1805), and Capped Bust (right, 1829–1837)

Draped Bust Small Eagle (1796–1797)

Obverse: Liberty faces right with flowing hair draped over her shoulders. The word "LIBERTY" appears above the portrait, surrounded by 13, 15, or 16 stars (depending on the year and variety). The date appears below the bust.

Reverse: A small, somewhat scrawny eagle perched on clouds, with a wreath in its beak. The inscription reads "UNITED STATES OF AMERICA" around the periphery. This reverse design is often called the "Small Eagle" or "Scrawny Eagle."

Edge: Reeded edge, though the reeding is often uneven due to the open collar striking method used during this era.

Value Significance: These are the most valuable dates in the series for type purposes. Even heavily worn examples command $1,500+.

Draped Bust Heraldic Eagle (1800–1805)

Obverse: Identical to the Small Eagle type—Liberty facing right with draped hair, stars, and date.

Reverse: The dramatic Heraldic Eagle design featuring a large eagle with shield on its breast, arrows in its right talon, olive branch in its left, with "E PLURIBUS UNUM" on a ribbon above and "UNITED STATES OF AMERICA" around the border. This is the same reverse used on early dollars and is far more robust than the Small Eagle.

Edge: Reeded, though often uneven.

Value Significance: Values range from $1,000 to $50,000+ depending on date and grade, with the 1802 being the supreme rarity of the entire series.

Capped Bust (1829–1837)

Obverse: A completely different design. Liberty now faces left (not right) wearing a cloth cap inscribed with "LIBERTY." The date is below, and 13 stars surround the portrait.

Reverse: The denomination "5 C." appears in the center surrounded by a wreath, with "UNITED STATES OF AMERICA" around the border. The size of the "5 C." varies between Large and Small varieties, particularly significant for 1835 and 1837.

Edge: Uniformly reeded. Starting in 1829, the Mint used close collar technology, which confined the planchet during striking and created consistent, even reeding.

Value Significance: These are the most affordable dates in the series, with circulated examples available for $50–$150 and uncirculated specimens for $500–$1,300 (except for rare varieties).

Edge comparison: Open collar (1796–1805) showing uneven reeding versus close collar (1829–1837) with uniform reeding

No Mint Marks

All Bust Half Dimes were struck at the Philadelphia Mint, which did not use a mint mark during this era. If you see a letter (D, S, CC, O) on your coin, it is either a different denomination or a counterfeit.

Diameter and Weight

Bust Half Dimes measure approximately 16mm in diameter and weigh about 1.35 grams. They are smaller than a modern dime (17.9mm) and significantly lighter, reflecting their five-cent face value versus the dime's ten cents.

Bust Half Dime Value Chart (1796–1837)

The following tables present retail market values for PCGS/NGC certified specimens in problem-free condition. Raw (uncertified) coins typically trade at 20–30% discounts due to authentication and grading risk. Coins with original, uncleaned surfaces may command 30–50% premiums over these values, while coins with problems (cleaning, bending, holes, corrosion) typically sell for 40–60% of listed prices.

Important: The 1802 is excluded from these tables and covered separately due to its extreme rarity and value volatility.

Draped Bust Small Eagle Values (1796–1797)

Draped Bust Heraldic Eagle Values (1800–1805)

Capped Bust Values (1829–1837)

Bust Half Dime Values by Era

The Bust Half Dime series divides naturally into three eras, each with distinct market characteristics, availability, and valuation logic. Understanding these eras is essential to making informed buying and selling decisions.

Draped Bust Small Eagle Era (1796–1797)

Draped Bust Small Eagle Half Dime showing Liberty facing right with the distinctive "scrawny eagle" reverse

The 1796 and 1797 issues hold a unique position in the market as essential type coins. Any collector building a complete type set of U.S. coinage must acquire one of these two dates, as they are the only representatives of the Small Eagle reverse design for the half dime denomination. This demand comes not just from half dime specialists, but from the much larger pool of general U.S. type collectors.

Market Dynamics: The "Type Premium" creates an extremely high price floor. Even heavily worn examples (AG-G4) rarely sell for less than $1,000–$1,500. This contrasts dramatically with later dates; a G4 1835 Half Dime might bring $50–$70, while a G4 1796 commands $1,500–$2,200—over 20 times more despite being in identical condition.

Rarity in High Grades: Mint State Small Eagle half dimes are extraordinarily rare. The finest known 1796 is graded MS67+ by PCGS and sold for $411,250 in 2015 (source). Most Mint State examples grade MS60–MS63, with MS64 and higher being major condition rarities. Collectors building high-grade type sets often face multi-year searches for acceptable examples.

Surface Quality Premium: Original, uncleaned surfaces are exceptionally scarce for these dates. Advanced collectors routinely pay 40–60% premiums over "market" pricing for coins that retain their original gray or pewter-toned skin. Conversely, coins that have been cleaned or dipped trade at significant discounts.

Variety Collecting: Both years feature collectible varieties. The 1796 has the famous LIKERTY variety and the extremely rare 1796/5 overdate. The 1797 comes in three star configurations (13, 15, or 16 stars), with the 13-star variety being significantly scarcer and commanding premiums especially in VF and higher grades.

Investment Considerations: Small Eagle half dimes have proven excellent long-term holdings. Their status as essential type coins provides strong demand support, and their extreme rarity in high grades creates significant upside potential when exceptional examples enter the market.

Draped Bust Heraldic Eagle Era (1800–1805)

Draped Bust Heraldic Eagle Half Dime showing the robust eagle with shield design introduced in 1800

The Heraldic Eagle reverse, introduced in 1800, represents a dramatic improvement in design robustness over the Small Eagle. The eagle with shield on its breast, clutching arrows and olive branch, is the same design used on early dollars and is one of the most iconic images in American numismatics.

The 1802 "Stopper": The 1802 Half Dime stands apart from all other dates in the series. With a microscopic mintage of only 3,060 and an estimated survival of fewer than 50 specimens, it is recognized as one of the great rarities of U.S. coinage. Most surviving examples are heavily worn (AG through VG); a coin grading Fine or VF is considered exceptional for this date. The finest known example is an AU53 that sold for $456,000 in August 2022 (PCGS CoinFacts). This date behaves like a trophy asset—when an example comes to auction, it attracts aggressive bidding from completionists who have been waiting years for the opportunity.

Common Dates: The 1800 and 1803 are the most frequently encountered Heraldic Eagle dates, though "common" is relative—combined survival is still only 3,000–5,000 pieces. These dates provide the most accessible entry points to the Heraldic Eagle type for collectors, with circulated examples starting around $1,000–$1,500.

Scarce Dates: The 1801 and 1805 are significantly scarcer than 1800/1803. The 1801 has a reputation for weak strikes, with fully struck examples commanding substantial premiums. The 1805, with its low mintage of 15,600 and status as the final year of the Draped Bust type, is undervalued relative to its scarcity.

Strike Quality Issues: Heraldic Eagle half dimes are notorious for weak strikes. The Mint struggled to apply even pressure to the dies, resulting in the centers often failing to fill completely. On the obverse, Liberty's hair above the ear may appear flat. On the reverse, the eagle's breast shield may lack horizontal and vertical lines. It is critical not to confuse weak strikes with wear—check the protected areas (fields between stars and lettering) for original luster.

Adjustment Marks: Parallel file marks across the face of the coin are common on Draped Bust issues. These are mint-made adjustment marks, created when planchets were too heavy and mint employees filed them down to legal weight before striking. In the Draped Bust series, adjustment marks are acceptable and do not classify the coin as damaged. However, heavy adjustment marks crossing Liberty's face will reduce eye appeal and market value.

Capped Bust Era (1829–1837)

Capped Bust Half Dime showing Liberty facing left wearing a cap, with the "5 C." denomination on the reverse

The resumption of half dime coinage in 1829 marked a technological shift from manual, artisanal production to industrial manufacturing. The introduction of close collar striking technology (which confined the planchet during striking) and steam presses (beginning in 1836) resulted in coins with uniform diameters, even reeding, and generally sharper strikes than their Draped Bust predecessors.

Mintage Explosion: Where Draped Bust dates were struck in the low thousands, Capped Bust dates saw mintages in the millions. The 1835 alone saw 2.76 million struck—more than the entire Draped Bust series combined. This massive influx of supply fundamentally changes the market: Capped Bust half dimes are affordable collectibles, not rarities.

Value Proposition: Uncirculated Capped Bust half dimes in the MS60–MS63 range can be acquired for $500–$950, making them excellent choices for type sets. Compare this to a comparable Draped Bust coin, which would cost $25,000–$50,000. For collectors on a budget, Capped Bust dates offer beautiful, high-grade representations of early 19th-century silver.

Common vs. Scarce: Most dates from 1829–1836 trade within a narrow value range ($50–$300 circulated, $500–$950 uncirculated). The exception is 1837, which carries a modest premium as the final year of the type. The 1837 also features the series' most significant Capped Bust variety: the Small 5C reverse.

Variety Collecting: The Capped Bust series offers rich variety collecting opportunities using the Logan-McCloskey reference system. The 1835 is particularly complex, with Large/Small Date and Large/Small 5C combinations. The Small Date, Small 5C combination is the scarcest. However, the crown jewel of Capped Bust varieties is the 1837 Small 5C, which is a major condition rarity in Mint State. While a Large 5C 1837 in MS65 might bring $6,000, a Small 5C can command over $12,000, with an MS66 specimen selling for $19,250 in 2022 (source).

Strike Quality: Capped Bust coins are generally well-struck, though weak centers still occur. Look for coins with full hair detail on Liberty and complete dentil patterns around the border.

Investment Considerations: For modest budgets, Capped Bust half dimes offer excellent value. MS63–MS64 examples with original toning and strong eye appeal can be acquired for under $1,000, representing accessible entry points to early U.S. silver. The 1837 Small 5C is the standout investment candidate within the Capped Bust era.

Silver Melt Value Foundation

All Bust Half Dimes contain approximately 0.0347 troy ounces of silver (89.24% silver composition × 1.35 gram weight). This provides a theoretical melt value floor calculated as:

Melt Value = silver_spot × 0.0347

However, this melt floor is purely academic for Bust Half Dimes. Even the most common Capped Bust dates in heavily worn condition trade at substantial premiums over melt value due to their historical significance and collectible demand. For example, at $25/oz silver, the melt value is approximately $0.87, yet even a G4 1835 Half Dime trades for $50–$70—over 50 times melt value.

For Draped Bust dates, melt value is completely irrelevant. A G4 1796 commands $1,500+, which is over 1,700 times its melt value. The market for these coins is driven entirely by numismatic factors: rarity, type demand, and condition.

Most Valuable Bust Half Dimes

The following coins represent the pinnacle of rarity and value within the Bust Half Dime series. These are not merely expensive coins—they are trophy pieces that attract competitive bidding from advanced collectors and institutions. The prices listed represent verified auction records for the finest known or near-finest known examples.

The legendary 1802 Draped Bust Half Dime, the undisputed king of the series with fewer than 50 surviving examples

1. 1802 Draped Bust Half Dime – The Series King

Record Sale:$456,000 (AU53, August 2022, Heritage Auctions)

Why Valuable: The 1802 is the supreme rarity of the entire Bust Half Dime series. With a microscopic mintage of only 3,060 pieces—the lowest of any half dime date—and an estimated survival of fewer than 50 specimens across all grades, this date was recognized as a major rarity as early as the mid-19th century. The 1802 behaves like a trophy asset in the marketplace: when an example appears at auction, regardless of grade, it attracts aggressive bidding from completionists who have been waiting years for the opportunity.

Condition Census: The finest known examples are in the AU range. Most surviving specimens are heavily worn, grading AG through VG. A coin grading Fine or VF is considered exceptional for this date. The existence of Mint State examples is theoretical—none are currently confirmed.

Market Behavior: The 1802 does not follow standard pricing curves. A "hole filler" AG3 specimen can bring $30,000–$50,000. A solid VF20 can easily surpass $75,000. The AU53 that sold for $456,000 represents the upper end, but this price is not an outlier—it reflects the reality that when high-grade 1802s come to market, they command extraordinary premiums.

Investment Note: If you discover you have an 1802 Half Dime, professional authentication and certification is absolutely essential before proceeding. Due to the coin's extreme rarity and value, counterfeits and alterations exist. Work only with PCGS or NGC for certification, and consider consigning to a major auction house (Heritage, Stack's Bowers, GreatCollections) for sale.

2. 1796 Draped Bust Half Dime (LIKERTY Variety)

Record Sale:$411,250 (MS67+, May 2015, Stack's Bowers)

Why Valuable: The 1796 is the foundational coin of the series and an essential type coin. As the first year of the Draped Bust design, it attracts intense demand from date collectors, type collectors, and variety specialists. The record price was achieved by the famous LIKERTY variety (where a broken "B" punch resembles a "K"), which is the most famous variety in early American half dime numismatics.

Condition Rarity: Mint State 1796 half dimes are extraordinarily rare. The MS67+ specimen represents the single finest known example, making it a numismatic treasure. Most examples grade VF through AU, with even problem-free AU examples commanding $12,000–$18,000.

LIKERTY Premium: Interestingly, in terms of absolute rarity, the LIKERTY variety is actually slightly more common than the perfect date variety in surviving populations. However, due to its fame and Red Book listing, the LIKERTY consistently trades at a 15–20% premium over standard 1796 examples in circulated grades, with the premium expanding in high grades.

3. 1800 Draped Bust Half Dime (LIBEKTY Variety)

Record Sale:$381,875 (MS68, May 2015, Stack's Bowers)

Why Valuable: This represents the finest known example of the 1800 LIBEKTY variety, a famous error where the "R" in LIBERTY resembles a "K" due to a broken punch. The MS68 grade makes this a condition rarity of the highest order—most 1800s grade VF through AU, with Mint State examples being quite scarce.

LIBEKTY Characteristics: The 1800 LIBEKTY is highly sought-after as a Red Book variety and is considered a "must-have" for specialists. In circulated grades, the premium is typically 20–30% over standard 1800 examples. In Mint State, as the record price demonstrates, the premium can be substantial.

Market Liquidity: The LIBEKTY variety is actively traded and well-recognized by dealers and collectors, making it one of the more liquid high-value varieties in the series.

4. 1805 Draped Bust Half Dime

Record Sale:$121,000 (MS64, January 2017, Heritage Auctions)

Why Valuable: The 1805 is the second rarest Heraldic Eagle date after the 1802, with a low mintage of only 15,600 pieces. It also holds significance as the final year of the Draped Bust type before the 23-year production hiatus. Gem examples (MS65 and higher) are virtually non-existent; the MS64 specimen that brought $121,000 represents near-Condition Census quality.

Undervalued Status: The document notes that the 1805 is "significantly undervalued in comparison to the 1802." While the 1802's extreme rarity justifies its stratospheric pricing, the 1805's combination of low mintage and final-year status suggests it may offer strong long-term appreciation potential for collectors who can locate high-grade examples.

5. 1837 Capped Bust Half Dime (Small 5C Variety)

Record Sale:$19,250 (MS66, August 2022, Heritage Auctions)

Why Valuable: The 1837 Small 5C is the key variety for the entire Capped Bust series. While common-date Capped Bust half dimes in MS65 might trade for $6,000–$8,000, the Small 5C commands substantial premiums due to its scarcity in high grades. The MS66 example that brought $19,250 represents exceptional quality for this variety.

Identification: The Small 5C reverse features noticeably smaller "5" and "C." characters on the reverse. The easiest diagnostic is to compare the height of the "5" to the surrounding wreath—if it looks "too small" for the space, it's likely the Small 5C.

Grade Sensitivity: While Small 5C examples in circulated grades carry only modest premiums ($75–$600 vs. $65–$450 for Large 5C), the premium explodes in Mint State. An MS60 might bring $1,500 (vs. $750 for Large 5C), while MS65 and higher examples can command $10,000–$20,000.

Bust Half Dime Key Dates Worth Money

Key dates are coins that command significant premiums over typical issues due to low mintages, high attrition rates, or strong collector demand. In the Bust Half Dime series, "key date" designations vary dramatically between the Draped Bust and Capped Bust eras due to their vastly different mintage levels and survival rates.

Draped Bust Era Key Dates

1802 – The Undisputed King: With a mintage of only 3,060 and fewer than 50 known survivors, the 1802 is the supreme rarity of the entire series. It is missing from most major collections, and its appearance at auction creates intense competition. Values start at $35,000 for heavily worn AG-G examples and exceed $150,000 for AU specimens. This is not merely a "key date"—it is a trophy coin that transcends normal market pricing.

1805 – The Final Year Premium: With a mintage of 15,600, the 1805 is the second scarcest Heraldic Eagle date. As the final year of the Draped Bust type before the 23-year hiatus, it attracts final-year premiums from type collectors. Circulated examples start around $1,100–$1,600, but the date becomes a major condition rarity in AU and Mint State, with high-grade examples trading for $30,000–$50,000+.

1801 – The Strike Rarity: While the 1801's mintage (27,760) is moderate, it is notorious for weak strikes. Most examples show incomplete detail in Liberty's hair and the eagle's breast shield. A fully struck 1801 is considered a condition rarity and commands premiums of 50% or more over standard pricing guides. Collectors seeking high-grade 1801s face significant challenges locating well-struck examples.

1796 and 1797 – Type Coin Premiums: While not traditionally considered "key dates" in the sense of low mintages, these Small Eagle issues command enormous premiums due to type coin demand. Even heavily worn examples (G4) rarely sell for less than $1,500–$2,000, representing 20–30× the value of comparable Capped Bust dates in the same grade. In Mint State, they are extreme condition rarities worth $35,000–$60,000+.

Capped Bust Era "Key" Dates

The concept of "key dates" operates differently in the Capped Bust era. With mintages in the millions and survival rates measured in tens of thousands rather than hundreds, there are no truly "rare" dates by Draped Bust standards. However, certain dates carry modest premiums:

1837 (Small 5C Variety) – Condition Rarity: While the 1837 as a date is not scarce, the Small 5C variety is a major condition rarity in Mint State. Circulated examples carry small premiums, but in MS65 and higher, the Small 5C becomes a $10,000–$20,000 coin—dramatically more expensive than the Large 5C variety.

1829 – First Year Premium: As the first year of Capped Bust production and the resumption of the denomination after the 23-year hiatus, the 1829 carries a slight first-year premium. However, with a mintage of 1.23 million, it is readily available. The premium is primarily psychological rather than rarity-based.

1835 Small Date, Small 5C – Variety Scarcity: Among the four die combinations of 1835, the Small Date combined with Small 5C reverse is the scarcest. However, premiums are modest in circulated grades ($60–$400 vs. $50–$300 for common varieties). In Mint State, the premium becomes more noticeable ($600–$1,500 vs. $500–$850).

What Makes a Date "Key"?

In the Bust Half Dime series, key date status is determined by:

1. Absolute Rarity: The 1802 is the ultimate example—fewer than 50 known specimens across all grades.
2. Type Coin Demand: The 1796/1797 Small Eagle dates are essential for type sets, creating demand far exceeding their mintages.
3. Final Year Status: The 1805 and 1837 benefit from final-year premiums.
4. Strike Rarity: The 1801's reputation for weak strikes makes well-struck examples disproportionately valuable.
5. Variety Scarcity: The 1837 Small 5C is the standout Capped Bust variety.

Bust Half Dime Varieties & Diagnostics

Variety collecting represents one of the most rewarding aspects of the Bust Half Dime series. Many varieties can be attributed with the naked eye or a standard 5× loupe, allowing collectors to "discover" premium coins within ordinary-appearing groups. The varieties listed here are major Red Book types recognized by PCGS and NGC, ensuring strong liquidity and market acceptance.

Essential tools for variety attribution: 5× loupe, 10× magnifier, and strong directional lighting

1796 LIKERTY Variety

The 1796 LIKERTY variety showing the distinctive broken "B" that resembles a "K"

Diagnostics: Examine the word LIBERTY on the obverse. Focus on the letter B. On this variety, the bottom loop of the B is broken and detached from the vertical upright. The resulting shape clearly resembles the letter K, creating what appears to read "LIKERTY."

Attribution Difficulty: Easy. The broken B is visible with the naked eye on most examples and is unmistakable under a 5× loupe.

Rarity: Interestingly, the LIKERTY variety is slightly more common than the perfect date variety in surviving populations. However, its fame as a Red Book variety drives consistent premiums.

Market Premium: In grades G4–VF20, the LIKERTY variety commands a 15–20% premium over standard 1796 examples. For example, a VF20 standard 1796 might bring $4,500, while a LIKERTY could command $5,200–$5,500. In XF and higher grades, the premium expands as variety collectors compete for the finest known examples. The record MS67+ LIKERTY sold for $411,250.

Certification: When submitting a LIKERTY to PCGS or NGC, explicitly request variety designation on the holder. This dramatically enhances marketability and liquidity.

External Resource: Detailed images and population data are available at PCGS CoinFacts and NGC Coin Explorer.

1796/5 Overdate

Close-up of the 1796/5 overdate showing traces of the underlying "5" beneath the "6"

Diagnostics: This variety requires magnification (10×). Look at the 6 in the date. You will see the rounded knob of a 5 protruding from the top loop of the 6. There is often ghosting of the 5's vertical bar beneath the 6 as well.

Attribution Difficulty: Moderate to difficult. Lower grade examples may have the overdate details worn away, making attribution impossible without examining a sharp photograph or diagnostic areas. Higher grade examples show the overdate clearly under magnification.

Rarity: This is an R-5 rarity (31–75 known specimens). It is significantly rarer than either the LIKERTY or standard 1796.

Market Premium: The 1796/5 overdate trades at massive premiums—typically 50–100% or more over standard 1796 values. However, it appears at auction far less frequently than the LIKERTY, making pricing somewhat speculative. An example in VF might command $6,000–$10,000, while AU examples could exceed $20,000–$30,000.

Investment Note: Due to its extreme rarity and attribution difficulty, professional certification with explicit variety designation is essential. Do not rely on raw coin attributions for this variety.

External Resource: For diagnostic images, see APMEX's Draped Bust Half Dime guide.

1797 Star Count Varieties

Comparison of 1797 star configurations: 13 stars (left), 15 stars (center), 16 stars (right)

Diagnostics: Simply count the stars surrounding Liberty's portrait on the obverse.

• 15 Stars: Representing the admission of Kentucky and Vermont to the Union
• 16 Stars: Representing the admission of Tennessee
• 13 Stars: A reversion to the original 13 colonies, as the Mint Director realized adding a star for every new state would eventually clutter the die

Attribution Difficulty: Trivial. Anyone can count stars.

Rarity: The 13 Stars variety is significantly scarcer than either the 15 or 16 star configurations. Most collectors seeking a single 1797 for a type set will acquire a 15 or 16 star variety, leaving the 13 star variety to specialists.

Market Premium: In lower grades (G–VG), the 13 star variety carries a modest premium—perhaps 10–20% over the 15/16 star varieties. However, in VF and higher grades, the premium becomes substantial. An XF 13-star might command $15,000–$20,000, while a comparable 15/16 star could bring $13,000–$16,000. In Mint State, the 13-star variety is a major condition rarity.

Certification: PCGS and NGC will designate star count on certified holders. Ensure you request this when submitting for certification.

1800 LIBEKTY Variety

The 1800 LIBEKTY variety showing the broken "R" that resembles a "K"

Diagnostics: Similar to the 1796 LIKERTY, this variety involves a broken letter punch. Examine the R in LIBERTY. The right diagonal leg of the R is defective or missing, causing the letter to resemble a K, creating what appears to read "LIBEKTY."

Attribution Difficulty: Easy to moderate. The broken R is typically visible to the naked eye, though it may be subtle on worn examples.

Market Premium: The LIBEKTY variety is highly liquid and consistently trades at 20–30% premiums over standard 1800 examples in circulated grades. For example, a VF20 standard 1800 might bring $2,800, while a LIBEKTY could command $3,400–$3,900. In Mint State, the premium expands dramatically—the record MS68 LIBEKTY sold for $381,875.

Red Book Status: The LIBEKTY is a "must-have" for Red Book variety sets, ensuring strong collector demand and market acceptance.

External Resource: See PCGS CoinFacts for detailed diagnostics and population reports.

1835 Large vs. Small Date & Large vs. Small 5C

1835 Large Date (left) vs. Small Date (right) comparison

1835 Large 5C (left) vs. Small 5C (right) reverse comparison

Date Diagnostics:

• Large Date: The top of the 5 in the date is very close to Liberty's bust. The numerals are thick and bold.
• Small Date: The 5 is distant from the bust. The numerals appear fine and delicate.

Reverse Diagnostics:

• Large 5C: The 5 and C. are tall and bold. The top of the 5 aligns with the top of the adjacent wreath leaves.
• Small 5C: The characters are diminutive. The top of the 5 is significantly lower than the adjacent leaves.

Attribution Difficulty: Easy with side-by-side comparison, moderate when examining a single coin in isolation. A 5× loupe is helpful.

Value Play: The Small Date / Small 5C combination is the scarcest and most valuable of the four pairings. In circulated grades, premiums are modest ($60–$400 vs. $50–$300 for common varieties). In Mint State, the premium becomes more noticeable ($600–$1,500 vs. $500–$850 for Large Date/Large 5C examples).

External Resource:PCGS CoinFacts and NGC Coin Explorer provide excellent diagnostic images.

1837 Large vs. Small 5C – The Key Capped Bust Variety

1837 Large 5C (left) vs. Small 5C (right) reverse comparison showing the dramatic size difference

Diagnostics: Examine the 5 C. denomination on the reverse. The Small 5C reverse features a tiny "5" and "C." The easiest diagnostic is to look at the 5—if it looks "too small" for the space provided, it is likely the Small 5C.

Attribution Difficulty: Easy to moderate. Side-by-side comparison makes the difference obvious. In isolation, the Small 5C looks noticeably diminutive.

Market Premium: This is the most critical variety for Capped Bust collectors. In circulated grades, premiums are small ($75–$600 for Small 5C vs. $65–$450 for Large 5C). However, in Mint State, the Small 5C is a major condition rarity:

• MS60: $1,500 (Small 5C) vs. $750 (Large 5C)
• MS63: $3,000–$5,000 (Small 5C) vs. $1,100–$1,500 (Large 5C)
• MS65: $10,000–$15,000 (Small 5C) vs. $5,000–$8,000 (Large 5C)
• MS66: $19,250 record sale (Small 5C)

Investment Considerations: The 1837 Small 5C represents the best investment opportunity within the Capped Bust series. It is scarce enough to command substantial premiums in high grades but liquid enough to sell readily. If you can locate an MS63–MS65 Small 5C at a reasonable price, it likely represents excellent long-term value.

External Resource: Compare diagnostics at PCGS CoinFacts (Small 5C) and PCGS CoinFacts (Large 5C).

How to Grade Bust Half Dimes

Grading Bust Half Dimes presents unique challenges due to weak strikes, adjustment marks, small size, and the distinction between wear and strike quality. Understanding these nuances is essential to avoid overpaying for weakly struck Mint State coins or undervaluing problem-free circulated examples.

Grade progression from Good-4 through Mint State showing typical wear patterns on Draped Bust Half Dimes

Understanding the Sheldon Grading Scale

U.S. coins are graded on the 70-point Sheldon scale, where 1 is barely identifiable and 70 is perfect. For Bust Half Dimes, the practical grading range is:

• AG-3 to G-6 (About Good to Good): Heavy wear, outline visible, major design elements flat
• VG-8 to F-15 (Very Good to Fine): Moderate wear, some detail visible in hair and feathers
• VF-20 to XF-45 (Very Fine to Extremely Fine): Light wear, most details sharp
• AU-50 to AU-58 (About Uncirculated): Trace wear on high points only, partial luster
• MS-60 to MS-70 (Mint State): No wear, full original luster, varying surface quality

Key Grading Points for Draped Bust Half Dimes

Good-4: Heavy wear, date clear, LIBERTY partially readable, eagle outline visible

Very Fine-20: Moderate wear, hair shows strands, eagle feathers partially detailed

About Uncirculated-50: Light wear on highest points (hair above ear, eagle's breast), traces of luster

Mint State-63: No wear, full luster, moderate bag marks acceptable

Obverse (Draped Bust):

• Hair Detail: The area above and behind Liberty's ear is the highest point of relief and the first to wear. In lower grades (G-VG), this area is completely smooth. By VF, individual hair strands become visible. In AU, most hair detail is present with only slight flattening. In Mint State, every strand should be sharp (if well-struck).
• Drapery Lines: The lines in Liberty's gown across her shoulder and chest wear quickly. In VF, these lines should be partially visible. In XF-AU, they should be mostly complete. In Mint State, they should be fully defined.
• Facial Features: Liberty's cheek and forehead remain relatively protected and retain detail longer than the hair. Do not confuse a weakly struck face with wear—check for luster in the field areas.

Reverse (Small Eagle 1796-1797):

• Eagle's Breast: The highest point of relief. This area wears first and is often weakly struck even on Mint State coins. In circulated grades (VG-VF), the breast is flat. In XF-AU, feather detail begins to appear. In Mint State, the breast should show individual feathers (if well-struck).
• Wing Feathers: These are more protected and retain detail longer than the breast. Even in VG, some wing texture may be visible.

Reverse (Heraldic Eagle 1800-1805):

• Shield on Breast: The horizontal and vertical lines of the shield are the critical grading points. In VF, these lines are partially visible. In XF-AU, most lines are present. In Mint State, all lines should be sharp (if well-struck). Important: Many Heraldic Eagle half dimes were weakly struck and lack full shield detail even in Mint State. This is a strike issue, not wear.
• Wing and Tail Feathers: These are heavily detailed and retain texture well. Even in VG-F grades, considerable feather detail remains.

The "Weak Strike" Problem

Example of weak strike: flat hair above ear and flat shield, but original luster visible in fields indicates Mint State grade

Bust Half Dimes, particularly the Draped Bust Heraldic Eagle type (1800–1805), are notorious for weak strikes. The Mint struggled to apply even pressure to the dies, resulting in the centers often failing to fill completely. This creates a critical grading challenge: Do not confuse a weak strike with wear.

How to Distinguish Weak Strike from Wear:

1. Check Protected Areas: Examine the fields between the stars and the lettering. These areas are protected from wear. If they show original mint luster (bright, reflective surfaces under a lamp), the coin is likely a weakly struck Mint State coin, not a worn VF or XF.
2. Check for High Points Wear: True wear appears on the highest points first (hair above ear, eagle's breast) and progresses to lower areas. If the hair is flat but the fields are lustrous, it's a weak strike. If the hair is flat and the fields are dull and gray, it's wear.
3. Consult Strike Quality Resources: The 1801 is particularly notorious for weak strikes. Many examples grade AU or even MS but lack full hair and shield detail. Experienced graders and references like PCGS CoinFacts note strike quality in their census reports.

Market Impact: A weakly struck MS60 coin may have less eye appeal than a sharply struck AU55, but the MS60 will still command a premium due to its technical grade. Collectors pursuing high-grade sets often pay significant premiums for fully struck examples—a well-struck 1801 in AU55 can command prices approaching those of weakly struck MS60 specimens.

Adjustment Marks: Acceptable on Early Coins

Parallel file marks (adjustment marks) across the obverse. These are mint-made and acceptable on Draped Bust coins.

Adjustment marks are parallel file marks (scratches) across the surface of the coin. They originate from the Mint's quality control process: before striking, mint employees weighed silver planchets, and if a planchet was too heavy, they filed across it to remove silver and bring it down to legal weight.

Market Acceptability: In the Draped Bust series (1796–1805), adjustment marks are acceptable. They do not classify the coin as "Damaged" in the same way a post-mint scratch would. PCGS and NGC will straight-grade coins with adjustment marks (not assign a "Details" grade).

Impact on Value: Light adjustment marks have minimal impact on value. However, heavy adjustment marks that obliterate design elements—particularly crossing Liberty's face or the eagle—will reduce eye appeal and may result in a 10–20% value discount despite receiving a numerical grade.

Capped Bust Era: Adjustment marks are much rarer on Capped Bust coins due to improved planchet production. If present, they may be viewed more negatively than on Draped Bust issues.

Problem Grades: "Details" Coins

Coins with problems such as cleaning, bending, holes, corrosion, or tooling receive "Details" grades from PCGS and NGC. The holder will indicate the technical grade the coin would receive if problem-free, followed by the reason for downgrade (e.g., "VF Details – Cleaned").

Market Impact: Details coins typically trade for 40–60% of values for problem-free coins in the same technical grade. For Draped Bust coins, where even problem examples can be worth four figures, Details designation may not preclude sale. For Capped Bust coins, Details designation can make coins difficult to sell.

Common Problems:

• Cleaning: Unnatural brightness, hairline scratches visible under magnification. Very common on Bust coins.
• Bending: Half dimes are thin and easily bent (sometimes with teeth!). Hold the coin edge-on to light to check flatness.
• Corrosion: Green or black spots, often from improper storage (PVC damage). Terminal damage that cannot be reversed.
• Tooling: Intentional re-engraving of details to simulate higher grades. Examination under magnification reveals unnatural, raised metal.

When to Seek Professional Grading

Professional grading by PCGS or NGC is recommended for:

• All Draped Bust coins in VF or higher: These coins are valuable enough to justify the $40–$75 grading fee, and certification dramatically improves marketability.
• All 1802 Half Dimes regardless of grade: Authentication is critical due to the extreme value.
• Varieties (LIKERTY, LIBEKTY, etc.): Variety designation on the holder is essential for maximizing value.
• Capped Bust coins in MS60 or higher: Certification justifies the premium paid for Mint State grades.
• Any coin you plan to sell for $500+: Raw coins trade at 20–30% discounts due to grading risk. Certification recovers this discount and then some.

Bust Half Dime Authentication & Preservation

Due to the high values commanded by Draped Bust issues and key varieties, counterfeits, alterations, and misrepresentations are concerns for Bust Half Dime collectors. Additionally, improper storage and handling can permanently damage these fragile, 200-year-old coins. This section provides guidance on authentication and preservation best practices.

The "1804" Trap – The Most Common Deception

Counterfeit "1804" Half Dime showing tool marks around the altered final digit

Detection: If you encounter a half dime dated 1804, inspect the date area under high magnification (10×–20×). You will likely see:

• Tool marks: Scratches, displaced metal, or unnatural edges around the "4"
• Inconsistent toning: The area around the "4" may show different patina than the rest of the date
• Irregular font: The "4" may not match the style of the other digits
• Weak date impression: Altered dates often show compression or flatness where metal was displaced

What to Do: If you believe you have an 1804 Half Dime, do not proceed with sale or authentication attempts. It is an altered coin with minimal value. The deception is well-known to professional numismatists, and attempting to sell it will damage your credibility.

Counterfeit Detection for High-Value Dates

Counterfeits are most common for the 1802 (the key date) and the 1796/1797 type coins due to their high values. Modern counterfeits can be sophisticated, often using genuine planchets or transfer-die techniques.

Red Flags:

• Incorrect Weight: Genuine Bust Half Dimes weigh approximately 1.35 grams. Counterfeits may be significantly over or underweight. Use a precision scale accurate to 0.01 grams.
• Incorrect Diameter: Genuine coins measure approximately 16mm. Counterfeits may be slightly larger or smaller.
• "Too Good to Be True" Offers: If someone is offering a 1802 Half Dime in VF for $30,000 (far below market), be extremely suspicious. Major rarities are typically sold through established auction houses, not person-to-person.
• Soft Details: Transfer-die counterfeits often show mushy, indistinct details, particularly in lettering and fine design elements.
• Incorrect Surfaces: Genuine early silver develops natural gray, pewter, or gold toning over 200+ years. Bright, shiny surfaces on an "uncleaned" early coin are suspicious.

Authentication Services: For any high-value Bust Half Dime ($2,000+), submit to PCGS or NGC for authentication and certification. Both services maintain extensive counterfeit detection databases and use advanced imaging technology. The cost of certification ($40–$150 depending on value) is trivial compared to the risk of purchasing a counterfeit.

External Resource:PCGS CoinFacts provides images of genuine specimens for comparison.

Detecting Cleaned Coins

Comparison: cleaned coin with unnatural brightness and hairlines (left) vs. original surfaces with natural toning (right)

Cleaning is the most common problem affecting Bust Half Dimes. In the past, collectors and dealers routinely "brightened" coins with abrasive cleaners, unaware this would permanently damage value. Today, cleaned coins receive "Details" grades and trade at 40–60% discounts.

Signs of Cleaning:

• Unnatural Brightness: The coin appears unnaturally shiny, particularly in recessed areas (between letters, in hair details). Genuine uncleaned coins develop natural gray, pewter, or gold toning.
• Hairline Scratches: Under magnification (10×), you'll see numerous fine, parallel scratches across the surfaces, particularly in the fields. These result from abrasive cleaners or polishing cloths.
• Inconsistent Toning: Cleaned coins often re-tone unevenly, creating blotchy or mottled appearances.
• Lack of Patina in Recesses: Genuine coins accumulate darker toning in recessed areas (between letters, in wreath details). Cleaned coins may have these areas stripped to bare metal.

Market Impact: Cleaned Draped Bust coins typically sell for 40–60% of problem-free values. A cleaned VF20 1800 might bring $1,200–$1,800 instead of $2,200–$3,500. However, due to the scarcity of problem-free Draped Bust coins, even cleaned examples can sell—just at substantial discounts.

Buying Advice: Prioritize original surfaces. An original, crusty VF30 with natural gray toning will often outperform a bright, dipped AU50 in long-term appreciation. Advanced collectors routinely pay 30–50% premiums for coins with original skin (completely uncleaned surfaces).

Detecting Bent Coins

Checking for bending: hold the coin edge-on to a light source to detect any curvature

Half dimes are extremely thin and fragile. In the 19th century, they were often bent—sometimes intentionally (as "love tokens") or carelessly (bent with teeth to test silver content).

Detection: Hold the coin edge-on to a strong light source (window, lamp). Rotate the coin slowly. A bent coin will show curvature or waviness. Even slight bends significantly impact value.

Market Impact: Bent coins receive "Details – Bent" grades from PCGS/NGC and typically sell for 50–70% of flat specimens. For Draped Bust dates, even bent examples can be worth $500–$5,000+, but they will never achieve full market value.

Important: Do not attempt to straighten a bent coin. This constitutes "mechanical damage" and will further reduce value. If you have a valuable bent coin, sell it as-is and disclose the condition honestly.

Storage & Preservation Best Practices

For Raw (Uncertified) Coins:

• Use Inert Holders: Store in Mylar flips, non-PVC coin flips, or archival cardboard 2×2s. Avoid vinyl PVC flips—these release chemicals that cause green corrosion ("PVC damage").
• Handle by Edges Only: Never touch the coin's face. Oils from skin cause fingerprint toning that is permanent and reduces value.
• Store in Stable Environment: Room temperature (65–75°F), low humidity (30–50%). Avoid attics, basements, or areas with temperature fluctuations.
• Keep Away from Sulfur Sources: Rubber bands, certain papers, and wool fabrics contain sulfur that accelerates toning. Use sulfur-free storage materials.

For Certified (Slabbed) Coins:

• Store in Slab Boxes: PCGS and NGC sell storage boxes designed for certified coins. These protect slabs from scratches and provide organized storage.
• Handle Carefully: While slabs are durable, dropping them can crack the plastic and require re-encapsulation ($20–$30 fee).
• Avoid Direct Sunlight: Prolonged UV exposure can cause labels to fade and may affect toning through the plastic (though this is rare).

Insurance: For collections valued over $5,000, consider rider insurance through a specialized collectibles insurance provider (American Collectors Insurance, Hugh Wood, etc.). Standard homeowners policies often have low limits ($1,500–$2,500) for coins and require itemized appraisals.

Handling Best Practices

• Wash Hands First: Even if using gloves, wash hands to remove oils.
• Use Cotton Gloves (Optional): For extremely valuable coins ($10,000+), cotton or nitrile gloves reduce risk.
• Hold Over Soft Surface: Always examine coins over a soft cloth or felt pad to prevent damage if dropped.
• Use Proper Lighting: Examine coins under bright, directional light (tensor lamp) at an angle to reveal surface details.
• Never Clean: If a coin develops spots or toning you dislike, do not attempt to clean it. Consult a professional conservator (PCGS and NGC offer conservation services). Amateur cleaning destroys value.

How to Sell Bust Half Dimes

Selling Bust Half Dimes requires understanding the distinct markets for Draped Bust versus Capped Bust coins, choosing appropriate sales channels, and setting realistic expectations. This section provides guidance on maximizing returns while avoiding common pitfalls.

Certification: The Essential First Step

For any Bust Half Dime worth $300 or more, professional certification by PCGS or NGC should be the first step before attempting to sell. Here's why:

• Price Realization: Raw (uncertified) coins trade at 20–30% discounts due to grading risk and authentication concerns. A VF20 1800 Half Dime might retail for $2,500–$3,500 if PCGS/NGC certified, but only $1,800–$2,400 if raw.
• Market Access: Major buyers (dealers, auction houses, advanced collectors) strongly prefer certified coins. Many will not purchase raw Draped Bust coins at any price due to counterfeit risk.
• Variety Recognition: If your coin is a valuable variety (LIKERTY, LIBEKTY, 1837 Small 5C), the variety must be designated on the certification holder to realize premium pricing. Without designation, the coin will trade as a standard example.

Certification Costs (as of 2026):

• Regular Service: $40–$50 per coin (15–20 business day turnaround)
• Express Service: $75–$100 per coin (5 business day turnaround)
• Walkthrough Service: $150+ per coin (same-day turnaround at major shows)

Decision Tree: If your coin is likely worth $300+, certification costs are easily justified. For example, certifying a VF 1800 at $45 improves sale price from ~$2,000 (raw) to ~$2,800 (certified)—a $800 gain on $45 investment.

Submission Instructions: Visit PCGS.com or NGCCoin.com for submission forms and instructions. You can submit directly (requires membership) or through an authorized dealer who will submit on your behalf (typically for a small fee).

Sales Channels: Choosing the Right Market

Option 1: Major Auction Houses (Best for High-Value Coins)

Recommended for: Draped Bust coins in VF+, 1802 in any grade, rare varieties in XF+, Capped Bust coins in MS65+

Pros:

• Access to deep collector market with specialist bidders
• Competitive bidding can drive prices above retail estimates
• Professional photography and catalog descriptions
• Settlement in 30–45 days after sale

Cons:

• Seller commission (typically 10–15% of hammer price)
• Buyer's premium (15–20% paid by buyer, not seller, but can affect final realization)
• Coins may not sell if reserves are too high
• Settlement delays (30–45 days)

Major Auction Houses:

• Heritage Auctions (largest, most liquid)
• Stack's Bowers (excellent for early copper and silver)
• GreatCollections (online-only, fast turnaround, no seller fees)

Recommendation: For Draped Bust coins worth $5,000+, auction is typically the best channel. Heritage and Stack's Bowers provide excellent catalog descriptions that attract specialist buyers.

Option 2: Direct Sale to Dealers (Best for Quick Liquidity)

Recommended for: Common-date Capped Bust coins, mid-grade Draped Bust coins where speed is priority

Pros:

• Immediate payment (check or wire same day)
• No wait for auction cycles
• No seller commission

Cons:

• Dealers must buy wholesale (typically 60–80% of retail) to cover overhead and resale risk
• Less competitive than auctions for rare dates
• You bear the burden of finding interested dealers

How to Approach Dealers:

1. Identify 3–5 reputable dealers who specialize in early U.S. silver (find them at major coin shows or through PNG – Professional Numismatists Guild)
2. Send clear photos of both sides, plus photos of the certification holder (if certified)
3. Request written offers via email
4. Compare offers (highest isn't always best—reputation matters)
5. Negotiate politely (dealers often have 5–10% flexibility on initial offers)

Realistic Expectations: A certified VF20 1800 Half Dime with retail value of $2,800 might generate dealer offers of $2,000–$2,400 (70–85% of retail). This is not "lowballing"—it's the wholesale market reality.

Option 3: Online Sales Platforms (Best for Certified Common Dates)

Recommended for: Certified Capped Bust coins in MS60–MS63, certified common Draped Bust dates in circulated grades

Platforms:

• eBay: Largest audience, but requires strong photography and seller reputation. Seller fees: 12.55% of sale price. Risk of returns and "item not as described" disputes.
• GreatCollections (Consignment): No seller fees, professional photography, weekly auctions. Excellent for coins worth $300–$5,000. Requires certification.
• Heritage Auctions (Online-Only): Lower commission than floor auctions (5–10%). Good for mid-range coins ($500–$5,000).

Pros:

• Potential for retail-level pricing (especially GreatCollections)
• Competitive bidding drives prices
• GreatCollections offers no-fee consignment

Cons:

• eBay fees can be substantial (12.55%)
• Requires good photography and descriptions
• Risk of non-paying bidders (eBay) or extended settlement times

Option 4: Local Coin Shops (Least Recommended)

Local coin shops are generally not ideal for selling Bust Half Dimes unless you have an established relationship with the shop owner. Local shops typically offer 50–70% of retail due to limited specialty market access. They may be appropriate for quick sale of low-value Capped Bust dates ($50–$200 range) where certification costs exceed potential gain.

Pricing Your Coins Realistically

Unrealistic pricing is the most common obstacle to successful sales. Here's how to set realistic expectations:

1. Consult Auction Records: Visit PCGS Auction Prices or NGC Auction Central to see recent realized prices for your specific date and grade.
2. Factor in Market Conditions: Prices fluctuate. A 2015 auction record may not reflect current market (likely higher for Draped Bust, stable for Capped Bust).
3. Account for Eye Appeal: Coins with original surfaces, strong strikes, and attractive toning can exceed price guide values by 20–40%. Coins with problems (even if straight-graded) may fall short by 15–25%.
4. Understand Wholesale vs. Retail: Price guides show retail values. Dealer offers will be 60–80% of retail. Auctions realize 70–100% of retail (minus commission).

Red Flags for Overpricing:

• "The price guide says $5,000, so I want $5,000." (This is retail; dealers pay wholesale)
• "I paid $8,000 in 1985, so it must be worth more now." (Not necessarily—some dates have declined in real terms)
• "It's in perfect condition, so it must be MS70." (MS70 is virtually non-existent for Bust Half Dimes)

Tax Implications

Coins held for more than one year and sold at a profit may be subject to capital gains tax. In the U.S., collectibles are taxed at a maximum rate of 28% (higher than stocks/bonds). Consult a tax professional, especially for sales over $10,000. Major auction houses may issue 1099-B forms reporting sales.

Bust Half Dime FAQs

Methodology & Sources

This guide is based on comprehensive analysis of auction records, third-party grading service population reports, wholesale dealer pricing, and specialist market observations current as of January 2026.

Valuation Sources

• Auction Records:PCGS Auction Prices, NGC Auction Central, Heritage Auctions, Stack's Bowers Galleries, GreatCollections
• Price Guides:PCGS CoinFacts, NGC Coin Explorer
• Educational Resources:APMEX Draped Bust Half Dime Guide, APMEX Capped Bust Half Dime Guide
• Variety References: Logan-McCloskey reference system for die marriages, Red Book (A Guide Book of United States Coins)

Population Data

PCGS and NGC population reports provide critical data on surviving specimens by grade. For Draped Bust dates, populations are extremely low—often fewer than 100 certified examples exist across all grades for a given date. For the 1802, populations are in the single digits at most major services. Capped Bust dates show far larger populations (thousands certified) reflecting their higher original mintages and survival rates.

Specific Auction Records Cited

• 1802 Half Dime, AU53: $456,000 (August 2022, Heritage Auctions) – Source
• 1796 LIKERTY, MS67+: $411,250 (May 2015, Stack's Bowers) – Source
• 1800 LIBEKTY, MS68: $381,875 (May 2015, Stack's Bowers) – Source
• 1805, MS64: $121,000 (January 2017, Heritage Auctions) – Source
• 1837 Small 5C, MS66: $19,250 (August 2022, Heritage Auctions) – Source

Methodology for Value Ranges

Values presented in this guide represent fair market ranges for problem-free, PCGS/NGC certified specimens. Ranges account for:

• Variations in eye appeal (toning, strike quality, mark severity) within a given grade
• Market fluctuations based on supply/demand cycles
• Differences between auction results and dealer retail pricing

For Draped Bust dates, values are weighted toward original, uncleaned surfaces, which command 30–50% premiums over cleaned or dipped examples in the current market. For Capped Bust dates, values assume typical quality for the grade without special eye appeal premiums.

Silver Spot Price Calculations

Silver melt value calculations are based on approximately 0.0347 troy ounces of silver per coin (89.24% silver × 1.35 grams weight). Actual melt values fluctuate daily with spot silver prices. However, numismatic premiums vastly exceed melt value for all Bust Half Dimes—even common-date Capped Bust coins in low grades trade at 50–100× melt value.

Market Disclaimer

Coin values fluctuate based on market conditions, precious metal spot prices, population dynamics (new discoveries or major auction sales), and individual coin quality. Values presented represent fair market ranges as of January 2026 and should be used as general guidance, not precise quotes. For specific buy/sell decisions, consult recent auction records, obtain multiple dealer quotes, or consider professional appraisal services. The 1802 Half Dime in particular exhibits high price volatility due to its extreme rarity—actual sale prices may significantly exceed the ranges shown when exceptional examples enter the market.