The 1829 Capped Bust Half Dime is a fascinating coin that marks an important moment in American history. After a long break of 24 years, the production of half dimes restarted on July 4, 1829, when a few special coins called Proofs were created. This event was celebrated at the Second Philadelphia Mint, making these coins not only valuable but also significant in the world of coin collecting.
History of the 1829 Half Dime
The half dime hadn’t been made since 1805. When production resumed, the Philadelphia Mint had updated its machinery and began using steam-powered presses, which allowed for more precise coin production. The new design for the half dime, known as the Capped Bust, is credited to William Kneass, the second Chief Engraver of the U.S. Mint. It’s believed that Kneass used ideas from an earlier design by John Reich.
Proofs and Their Variations
The 1829 Capped Bust Half Dime was created in several versions, known as die marriages. While expert Walter Breen counted three major types, the leading grading services recognize five different versions. The most common is called the Logan-McCloskey-2 (LM-2), which is linked to the July 4 ceremony.
Market Data and Key Specimens
Here’s a table summarizing notable examples and their sale prices:
| Coin Type | Grading | Notable Sale Price | Auction Date |
|---|---|---|---|
| 1829 Capped Bust Half Dime, LM-1 | NGC PF64 | $13,800 | January 6, 2011 |
| 1829 Capped Bust Half Dime, LM-2 | PCGS PR67+ | $103,500 | January 4, 2012 |
| 1829 Capped Bust Half Dime, LM-3 | ANACS PF63 | $8,625 | August 8, 2007 |
| 1829 Capped Bust Half Dime, LM-5 | NGC PF63 | $7,590 | June 23, 2004 |
| 1829 Capped Bust Half Dime, LM-13 | PCGS PR64+ | $96,000 | November 14, 2023 |
Design Features
Front Side (Obverse)
The front of the coin shows Liberty facing left, wearing a soft hat called a mobcap. Surrounding her are 13 stars, representing the original states. The year 1829 is at the bottom.
Back Side (Reverse)
The reverse displays an eagle with partially raised wings. It holds an olive branch and arrows, symbolizing peace and war. The motto E PLURIBUS UNUM (meaning “Out of many, one”) is also featured.
Edge Design
The edge of the coin is reeded, giving it a textured feel that helps to prevent counterfeiting.
Specifications of the Coin
| Specification | Detail |
|---|---|
| Country | United States of America |
| Year of Issue | 1829 |
| Denomination | Half Dime (Five Cents USD) |
| Mintmark | None (minted in Philadelphia) |
| Estimated Mintage | 30 coins |
| Alloy | 89.24% silver, 10.76% copper |
| Weight | Approximately 1.35 grams |
| Diameter | Approximately 15.50 mm |
Conclusion
The 1829 Capped Bust Half Dime is more than just a coin; it represents a critical part of American numismatic history. For collectors, understanding its design, rarity, and historical significance is essential. Whether you are a seasoned numismatist or a beginner, this coin offers a glimpse into the artistry and craftsmanship of early American coinage. As collectors seek out these unique pieces, the legacy of the Capped Bust Half Dime continues to grow, making it a valuable addition to any collection.
FAQ’s
What is the 1829 Capped Bust Half Dime?
The 1829 Capped Bust Half Dime is a five-cent coin that was minted in the United States. It marked the resumption of half dime production after a 24-year hiatus, featuring a design by William Kneass.
Why is the 1829 Capped Bust Half Dime significant?
This coin is significant because it represents an important period in American numismatic history and was part of a special ceremony at the Second Philadelphia Mint. Its rarity and unique design make it highly sought after by collectors.
How many types of the 1829 Capped Bust Half Dime exist?
There are five recognized die marriages of the 1829 Capped Bust Half Dime, with the most common being the Logan-McCloskey-2 (LM-2). Each type has different features that appeal to collectors.