The 1796 Draped Bust Half Dollar with 16 Stars is one of the most remarkable coins in American history, representing a transitional moment in the nation’s numismatic design. Its combination of rarity, artistic appeal, and historical significance makes it a centerpiece for collectors of early U.S. coinage.
History of the 1796 Draped Bust Half Dollar
The Draped Bust design, introduced in 1796, was created by Robert Scot, the U.S. Mint’s first Chief Engraver. This design features Liberty draped in classical robes on the obverse and an eagle surrounded by a wreath on the reverse.
Design Features
Obverse
- Portrait of Liberty: Liberty faces right, with flowing hair and draped clothing.
- 16 Stars: Representing the 16 states, arranged around the border.
- Date: “1796” is inscribed at the bottom.
Reverse
- Small Eagle: The reverse features a small eagle perched within an open wreath.
- Legend: The words “UNITED STATES OF AMERICA” encircle the design.
Rarity and Value
The 1796 Draped Bust Half Dollar is rare due to its low mintage and historical significance. Collectors value it highly, and its price varies depending on condition and grading:
- Good (G-4): Prices start at around $30,000–$50,000.
- Very Fine (VF-20): Can reach $150,000 or more.
- Mint State (MS-60): Extremely rare, with values exceeding $500,000.
Coins graded by professional services like PCGS or NGC command higher prices, as authenticity and condition are crucial for such valuable coins.
Why Collect the 1796 Draped Bust Half Dollar?
- Historical Significance: It captures a moment in U.S. history when the nation was expanding and evolving.
- Rarity: With less than 4,000 minted, it’s a prized item for advanced collectors.
- Artistic Appeal: The Draped Bust design is considered one of the most beautiful in early American coinage.
Conclusion
The 1796 Draped Bust Half Dollar: 16 Stars is a masterpiece of early American numismatics, embodying the artistry and history of a young nation. Its rarity and aesthetic appeal make it a cornerstone for any serious coin collection. If you are fortunate enough to acquire one, its historical and financial value will undoubtedly make it a prized possession for generations to come.
FAQs
Why are there 16 stars on the 1796 Draped Bust Half Dollar?
The 16 stars represent the 16 states in the Union when the coin was minted in 1796.
How rare is the 1796 Draped Bust Half Dollar?
With only 3,918 minted, it is one of the rarest coins in U.S. history, making it highly sought after by collectors.
What is the value of a 1796 Draped Bust Half Dollar?
Depending on its condition, the coin can range from $30,000 to over $500,000.