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HALF DIME 1837-1838 Liberty Seated, No Stars

Description

This is the first coin to be struck in a true proportion of 90% silver and 10% copper. Why the Mint changed here with this coin is a puzzle. It is also the first coin to feature Miss Liberty seated on a rock. It begs the question, "Was Miss Liberty seated in those designs that displayed only her Bust?"

The Liberty Seated motif, used on half dimes from 1837 through the end of the series in 1873, was produced in 1837 at the Philadelphia Mint and 1838 at the New Orleans Mint, in the format without obverse stars, thus isolating these two issues as a separate type. The obverse depicts Miss Liberty seated on a rock, her left hand holding a liberty cap on a pole and her right hand holding a shield inscribed LIBERTY. The date is at the bottom border. The reverse consists of an open wreath tied with a ribbon, enclosing HALF DIME, with UNITED STATES OF AMERICA surrounding. Mintage figures reveal that 1,405,000 of the 1837 Philadelphia issue were produced while only 70,000 were made of the 1838-0. Specimens are readily obtainable in grades from Good through Extremely Fine. The type collector will direct his attention to the 1837, for in every grade the 1838-0 is considerably more expensive. In AU and Uncirculated preservation the Philadelphia coin is available without difficulty. The design without stars was used on circulating coinage only in the half dime and dime series and not on the quarter or half dollar (in the dollar series, the without-stars motif appears only in pattern form in 1836).

Valuation

Higher grade Uncirculated pieces are quite elusive. Uncirculated examples of 1838-0 are exceedingly rare. Don't let anyone convince you this is a prize of little value. The Half Dime, during this era was becoming a popular coin of commerce. To find one of higher quality is very special indeed.
COIN NAME
HALF DIME 1837-1838 Liberty Seated, No Stars
DESIGNED BY
Christian Gobrecht
ISSUE DATE
1837 (Philadelphia) and 1838-0 (New Orleans)
COMPOSITION
.900 part silver, .100 part copper
DIAMETER
15.5 mm
WEIGHT
20.625 grains
EDGE
Reeded
BUS MINT
1,475,000
PROOF MINT
Fewer than 50

The statements made on this website are opinions only. Past results are no guarantee of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Lear is a retail seller of precious metals and its buyback (or bid) prices are lower than its sell (or ask) prices. Metals must appreciate enough to account for this difference in order for customer to make a profit when liquidating the metals. Lear does not provide financial advice or retirement planning services. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.