Important News! CoinLink has merged..... Visit our NEW Site www.CoinWeek.com

Author Archive for Tim Shuck

Tim Shuck is a life-long Midwestern resident, and started collecting coins after finding an Indian Head cent on the ground at his childhood farm home. Additional encouragement came from looking through a collection of well-worn late 19th and early 20th century coins kept by his grandfather in an old leather coin purse. Current collecting interests include U.S. types from the Civil War era through the early 1930's, and Colonial and Early American coins.

Liberty Seated Half Dime, Stars, 1840-1859

Photos used with permission and courtesy of Heritage Auction Galleries

Description:
This type might be more specifically described as the Stars, Drapery half dime, to distinguish it from the previous 1838-1840 Stars, No Drapery issue prepared by Christian Gobrecht. Robert Ball Hughes, a sculptor originally from London, was hired in late 1840 to make modifications to Liberty on the Seated design for half dimes, dimes, quarters, and dollars. Along with other changes, Hughes added extra drapery that extended from Liberty’s left elbow down over her knee. In 1853 an arrow was added to each side of the date, indicating a lower weight. The arrows were part of the half dime design through 1855, but were removed in 1856 through the end of the type in 1859, though the weight remained at the lower standard.

In additional to changing the drapery, Hughes made other changes which are subtle but readily apparent when both 1840 half dime types are placed side-by-side. On the Drapery type Liberty’s image is smaller overall, as is the rock upon which she rests, and her legs are angled downward at a slightly different angle. Her arms and body overall are more stocky, though her head appears to be smaller. Her clothing has fewer folds and is draped differently, including the identifying extra cloth below the elbow and a higher neckline. The Union shield at Liberty’s side, in front of the rock, was formerly tilted back at an angle but now is nearly vertical. The Liberty cap is also smaller. The reverse has the same design elements as before but with larger text and a fuller wreath.

On the obverse a full-length representation of Liberty wears long, flowing robes and is seated on a rock, head turned back to her right. Her left arm is bent and holds a pole topped by a Liberty cap. The right arm extends down at her side, hand supporting a Union shield across which is a slightly curved banner displaying LIBERTY. The date is centered at the bottom, below the rock upon which Liberty rests. Inside dentils along the raised rim, 13 stars form a partial circle, seven to the left of Liberty, one between Liberty’s head and the Liberty cap, and five to the right. From 1853 through 1855 an arrow was added to each side of the date to indicate a reduced coin weight. The arrows were removed in 1856 and left off through the end of this type in 1859.

The reverse has a concentric circle formed by UNITED STATES OF AMERICA, broken at the bottom by the ribbon that ties the ends of two laurel branches. The branches form another circle inside the text, though the ends are slightly separated at the top, and in the center is the denomination of HALF DIME, each word on a separate line. A circle of dentils lies inside the raised rim. Stars, Drapery half dimes were produced at Philadelphia (each year) and New Orleans (1840-1842, 1844, 1848-1859); the O mintmark is located below DIME and above the bows of the ribbon.

Several hundred circulation strike Liberty Seated, Stars, Drapery half dimes have been certified for most dates, including a few prooflike pieces. Prices are moderate for many dates up to Premium Gem, expensive finer than that. Higher priced issues include 1840-O Drapery, 1842-O, 1844-O, 1846, 1849-O, and 1853-O No Arrows, all of which are expensive as About Uncirculated or finer. The 1846 and 1853-O No Arrows are expensive as XF/ AU and finer. Cameo and Deep Cameo proofs have been certified, a few more for the later dates of the type. All proof issues from 1840 through 1855 are expensive, becoming very expensive as Select proof and finer; proof issues from 1854 and 1855 are about half the price of the earlier years. Prices drop for 1856 proof pieces, though still expensive as near-Gem and finer, and drop again for 1858 and 1859 issues, though expensive as Gem and finer.

Specifications:

Designer: Christian Gobrecht modified by Robert Ball Hughes, from a Titian Peale/ Thomas Sully design
Circulation Mintage: high 13,210,000 (1853), low 27,000 (1846)
Proof Mintage:high 800 (1859, estimated), low 5 (1853 Arrows at Date, estimated)
Denomintion: $0.05 Five Cents, 05/100 Half Dime
Diameter: ±15.5 mm; reeded edge
Metal content: 90% silver, 10% copper
Weight: ±1.34 grams 1840-1853 No Arrows; 1.24 grams 1853-1859
Varieties: Several known, including 1844/1844, 1845/1845, 1848 Medium and Large Date, 1849 9 over 6 and 9 over 8, 1853-1855 Arrows at Date, 1858 Repunched High Date and Over Inverted Date, and other minor die variations.

Additional Resources :

CoinFacts: www.coinfacts.com
Coin Encyclopedia: www.ngccoin.com
The Official Red Book: A Guide Book of United States Coins. R.S Yeoman (author), Kenneth Bressett (editor). Whitman Publishing.
A Guide Book of United States Type Coins. Q. David Bowers. Whitman Publishing.
United States Coinage: A Study by Type. Ron Guth and Jeff Garrett. Whitman Publishing.
The Experts Guide to Collecting & Investing in Rare Coins. Q. David Bowers. Whitman Publishing.
The U.S. Mint and Coinage. Don Taxay. Arco Publishing
Walter Breen’s Encyclopedia of U.S. Coins. Walter Breen. Doubleday.

Last Updated : 11/07/2008

Liberty Seated Half Dime, Arrows, 1853-1855

Photos used with permission and courtesy of Heritage Auction Galleries

Description:
The Act of February 21, 1853, established the prevalence of fiat coinage for this nation; the value stamped on a coin was what the government said it was, not necessarily related to the value of the material from which that coin was made. Though for at least the past generation all circulating coins have a face value that is higher than the metal value (recent copper and nickel price issues notwithstanding), in the mid-19th century that was not the case. People expected coins to have intrinsic value, but maintaining parity between the face value and the metal value of silver and gold coins was a constant balancing act. The discovery of vast quantities of gold in California in 1848 and subsequent years disrupted that balance. As gold became plentiful but silver supplies remained constant, gold’s value declined relative to silver and the price of silver rose. When the face value of circulating silver coins became less than the value of the silver in those pieces, silver coins disappeared from circulation, melted as bullion or hoarded.

To address the problem, Mint Director George N. Eckert reduced the weight of silver coins (except for the dollar) so that melting would no longer be profitable, a change authorized by the February Act. To distinguish new half dimes from the old heavier coins, and with no time to make significant alterations, the only change made by Chief Engraver James B. Longacre to the half dime was the addition of an arrow on each side of the date. Arrows appeared on half dimes from 1853 through 1855; 1853-dated half dimes were produced both without arrows and with arrows. James Ross Snowden became Mint Director in 1853 and removed the arrows from 1856 half dimes, probably because by then most of the older heavyweight coins had either been melted or otherwise put away for safekeeping. All half dimes from 1856 forward were produced at the lower weight.

On the obverse a full-length representation of Liberty wears long, flowing robes and is seated on a rock, head turned back to her right. Her left arm is bent and holds a pole topped by a Liberty cap. The right arm extends down at her side, hand supporting a Union shield across which is a slightly curved banner displaying LIBERTY. The date is centered at the bottom, below the rock upon which Liberty rests, and is flanked on either side by a single short arrow pointing away from the date. Inside dentils along the raised rim, 13 stars form a partial circle, seven to the left of Liberty, one between Liberty’s head and the Liberty cap, and five to the right.

The reverse has a concentric circle formed by UNITED STATES OF AMERICA, broken at the bottom by the ribbon that ties the ends of two laurel branches. The branches form another circle inside the text, though the ends are slightly separated at the top, and in the center is the denomination of HALF DIME, each word on a separate line. A circle of dentils lies inside the raised rim. Arrows at Date half dimes were produced at Philadelphia and New Orleans each of the three years of the type; the O mintmark is located below DIME and above the bows of the ribbon.

Several hundred circulation strike Liberty Seated, Stars, Arrows at Date half dimes have been certified for most dates. Prices are moderate up to and including Gem, becoming expensive as Premium Gem and finer. The New Orleans issues, and particularly the 1855-O pieces, are more expensive with prices nearly double or triple those for coins minted at Philadelphia. Proof examples of the type are scarce or rare, and include a few pieces certified as Cameo. All proofs are expensive, becoming very expensive as Gem and finer. The 1853 proof half dime is very expensive at all grades.

Specifications:

Designer: Christian Gobrecht modified by Robert Ball Hughes and James B. Longacre, from a Titian Peale/ Thomas Sully design
Circulation Mintage: high 13,210,020 (1853), low 600,000 (1855-O)
Proof Mintage:high 20 (1854 and 1855, estimated), low 5 (1853, estimated)
Denomintion: $0.05 Five Cents, 05/100 Half Dime
Diameter: ±15.5 mm; reeded edge
Metal content: 90% silver, 10% copper
Weight: ±1.24 grams
Varieties: A very few known, most minor die variations.

Additional Resources :

CoinFacts: www.coinfacts.com
Coin Encyclopedia: www.ngccoin.com
The Official Red Book: A Guide Book of United States Coins. R.S Yeoman (author), Kenneth Bressett (editor). Whitman Publishing.
A Guide Book of United States Type Coins. Q. David Bowers. Whitman Publishing.
United States Coinage: A Study by Type. Ron Guth and Jeff Garrett. Whitman Publishing.
The Experts Guide to Collecting & Investing in Rare Coins. Q. David Bowers. Whitman Publishing.
The U.S. Mint and Coinage. Don Taxay. Arco Publishing
Walter Breen’s Encyclopedia of U.S. Coins. Walter Breen. Doubleday.

Last Updated : 11/07/2008

DISCLAIMER: All content within CoinLink is presented for informational purposes only, with no guarantee of accuracy.
CoinLink does not buy or sell coins or numismatic material, and has no ownership interest in any web site listed within CoinLink.
All News and Article links are direct, without framing, to the original source, which is solely responsible for the content.
No endorsement or affiliation to or from CoinLink is made.