The 1796 half cent is the classic rarity of the denomination from a mintage of just 1,390 coins. Perhaps 10% of those coins still exist today, nearly all in very low grades. We estimate the existence of about 25 No Pole coins and perhaps 120 With Pole coins.

Certain issues, such as the 1796 half cent and the 1901-S quarter, are known in high grade and low grade, but virtually unknown between these extremes. Nearly all known 1796 half cents, of both varieties, exist in Mint State and also below Fine. Those that grade VF, XF, and AU, such as this piece, are extremely rare.

Walter Breen described two subvarieties for the With Pole pieces, struck on rolled copper planchets or on spoiled cents. His spoiled cent subvariety, like the thick planchet 1795 coins, should weigh at least 100 grains, compared to the 84 grain standard for the issue. To date, we are only aware of a single thick planchet piece, discussed in Breen’s Half Cent Encyclopedia.

The  example Heritage is offering in their upcoming Long Beach Signature Auction on May 28-31 has reflective fields on both sides, with excellent luster. Aside from the usual minor abrasions resulting from brief circulation, the surfaces are exceptional. Slight weakness is evident at the center of the reverse, but all other design elements are bold. This coin is struck from an early die state with repunching of the 9 clear. The existing population of 1796 half cents is too small to clearly establish distinct die states or a suitable emission sequence.

This coin is a part of the Col. Steven Ellsworth Collection of Half Cents, one of our outstanding featured collections at Long Beach.