Most Valuable Capped Bust Half Dollars: A Collector’s Guide – The Capped Bust Half Dollar, minted from 1807 to 1839, is one of the most iconic and sought-after coins in American numismatics. Designed by John Reich, this series features Lady Liberty wearing a cap inscribed with “LIBERTY” on the obverse and an eagle clutching arrows and an olive branch on the reverse.
While many Capped Bust Half Dollars were produced for circulation, certain issues have become exceptionally rare and valuable due to factors like low mintages, mint errors, and extraordinary condition.
In this guide, we’ll explore the seven most valuable Capped Bust Half Dollars and uncover what makes them so desirable to collectors.
Why Are These Coins So Valuable?
Before diving into the specifics, it’s important to understand what drives the value of Capped Bust Half Dollars. Several key factors contribute to their desirability:
- Rarity: Low mintages and survival rates make certain dates exceedingly scarce.
- Condition: High-grade examples, particularly those certified by grading services like PCGS or NGC, command premium prices.
- Historical Significance: These coins represent a pivotal era in U.S. history, spanning events like the War of 1812 and westward expansion.
- Artistic Beauty: The intricate design and craftsmanship of the Capped Bust series continue to captivate collectors.
Now, let’s explore the seven most valuable Capped Bust Half Dollars and why they’re worth so much.
1. 1815: The Key Date Rarity
The 1815 Capped Bust Half Dollar stands out as the lowest-mintage issue in the series, with only 47,150 coins struck, making it an ultimate key date for collectors.
High-grade examples are exceptionally rare, with values ranging from $10,000 in Fine condition to over $100,000 for an MS-65 grade specimen in 2023.
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This coin’s scarcity and historical significance make it a cornerstone of any serious collection, as it represents a pivotal moment in U.S. coinage history during the early 19th century.
2. 1817/4 Overdate
The 1817/4 Overdate is a fascinating variety caused by the reuse of a die originally intended for 1814, with remnants of the earlier date visible beneath “1817.” This error adds intrigue and rarity to the coin, making it highly sought after by collectors.
Values range from $5,000 for a VF-30 grade to $50,000+ for an AU-58 grade in 2023. Overdates like this provide a glimpse into the resourceful practices of early U.S. mints and remain a favorite among variety enthusiasts.
3. 1836 Reeded Edge Half Dollar
The 1836 Reeded Edge Half Dollar marks a technological advancement in U.S. coinage, transitioning from lettered edges to reeded edges. With only 1,200 coins struck for circulation, it is one of the rarest issues in the series.
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In 2023, this coin commands prices starting at $20,000 for Good condition and soaring to $150,000+ for an MS-65 grade. Its historical importance as a bridge between two eras of coin design adds to its desirability among collectors.
4. 1807: The First-Year Issue
As the inaugural year of the Capped Bust Half Dollar series, the 1807 issue holds immense historical significance. High-grade examples are particularly scarce, with values ranging from $2,000 in Fine condition to $30,000+ for an MS-64 grade in 2023.
This coin marks the introduction of John Reich’s iconic design, replacing the earlier Draped Bust motif and setting the stage for decades of U.S. coinage artistry.
5. 1827: Proof Issue Rarity
Proof coins from the Capped Bust Half Dollar series are incredibly rare, and the 1827 issue is no exception. Fewer than 10 proof examples are known to exist, making this coin a holy grail for collectors.
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In 2023, prices start at $50,000 for a PR-63 grade and climb to $200,000+ for a PR-65 grade. These specially made coins feature mirror-like surfaces and sharp details, showcasing the craftsmanship of early 19th-century minting.
6. 1838-O: The New Orleans Classic
The 1838-O Capped Bust Half Dollar was the first half dollar struck at the New Orleans Mint, adding regional appeal to its already impressive rarity. With a mintage of just 367,000, high-grade examples are extremely scarce.
In 2023, this coin is valued at $1,500 in Fine condition and up to $50,000+ for an MS-65 grade. The “O” mintmark connects this coin to the rich history of the New Orleans Mint, making it a prized piece for collectors.
7. 1839: Final Year Rarity
The 1839 Capped Bust Half Dollar marks the end of the series, serving as a transitional piece to the Seated Liberty design that followed. High-grade examples are particularly sought after, with values ranging from $1,000 in Very Fine condition to $25,000+ for an MS-65 grade in 2023.
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This coin’s historical significance lies in its role as a bridge between two iconic designs, making it a must-have for collectors of U.S. coinage history.
You never know where a rare Capped Bust Half Dollar might turn up. Perhaps you’ve inherited a box of old coins, stumbled upon a curious piece at an estate sale, or even found something intriguing in your pocket change. The Capped Bust Half Dollar series is full of surprises, and every coin has potential—if you know what to look for.