1797 Draped Bust Dime: 13 Stars

The 1797 Draped Bust Dime: 13 Stars is an iconic coin in U.S. numismatic history. As one of the earliest dimes minted in the United States, it carries immense historical significance and value. This coin belongs to the Draped Bust series, introduced in 1796, and is particularly notable for its rarity and its connection to the early days of American coinage. With only a small number produced and even fewer surviving today, the 1797 Draped Bust Dime: 13 Stars is a prized collector’s item.

Historical Background

The Draped Bust series was introduced in 1796 and ran until 1807. The design, created by artist Gilbert Stuart and executed by Mint engraver Robert Scot, featured a portrait of Liberty inspired by the neoclassical style of the late 18th century. The Draped Bust coins were an evolution from the earlier Flowing Hair design, reflecting a more refined artistic approach.

Design Features

Obverse Design

The obverse of the 1797 Draped Bust Dime features:

• A portrait of Lady Liberty with flowing hair, draped in classical attire.
• The word “LIBERTY” inscribed above her head.
• 13 stars encircling Liberty, representing the original colonies.
• The date 1797 at the bottom.

Reverse Design

The reverse showcases:

• A small, majestic bald eagle perched on a cloud, holding a wreath in its beak.
• The inscription “UNITED STATES OF AMERICA” surrounding the design.

Specifications

• Composition: 89.24% silver, 10.76% copper.
• Weight: 2.7 grams.
• Diameter: 19.8 mm.

Rarity and Survivors

The total mintage for the 1797 Draped Bust Dime is estimated at only 25,261 coins, but it’s unclear how many were of the 13-star variety. Experts believe that fewer than 75 examples of the 13-star variation survive today, making it one of the rarest early American coins.

Factors contributing to its rarity include:

1. Low Original Mintage: The U.S. Mint operated on a small scale in the 1790s, producing limited quantities.
2. Circulation Wear: Most coins from this period were heavily used in commerce, leaving few in good condition.
3. Natural Attrition: Over the centuries, many coins were lost, damaged, or melted down.

Value of the 1797 Draped Bust Dime: 13 Stars

The rarity of this coin, coupled with its historical significance, makes it highly valuable. Its worth depends heavily on condition, as even lower-grade examples fetch impressive prices:

• Good (G-4): $10,000–$20,000
• Fine (F-12): $30,000–$50,000
• Extremely Fine (EF-40): $75,000–$150,000
• Mint State (MS-60 and above): Over $300,000

Tips for Collectors

Authentication

Given the coin’s value, authentication is critical. Purchase only from reputable dealers and insist on coins graded by professional services like PCGS or NGC.

Condition Matters

The coin’s grade significantly affects its value. Coins with clear details and minimal wear command premium prices.

Provenance and Documentation

Owning a coin with a well-documented history or previous ownership by a notable collector can increase its desirability and value.

Why the 1797 Draped Bust Dime: 13 Stars Is Special

This coin represents a pivotal moment in U.S. history, marking the early days of the nation’s coinage. Its design reflects the neoclassical ideals of the era, while its scarcity underscores the challenges faced by the fledgling U.S. Mint.

Conclusion

The 1797 Draped Bust Dime: 13 Stars is a coin that combines artistry, history, and rarity. With fewer than 75 examples known to exist, it holds immense appeal for collectors and investors alike. If you’re fortunate enough to come across this coin, its acquisition could be a highlight of any collection.

Breaking Barriers YFS

FAQs