Lot 283
1803. Large 8. PCGS graded EF-40. Light obverse toning. Only 37,850 struck. A ring of medium gray patina encircles the reverse. Generally well struck on the major devices, while all legends, stars, date, and LIBERTY are plane. Uneven rim dentils on the reverse (not at all unusual). A choice example for the grade.
Robert Scot's design for the Draped Bust/Heraldic Eagle half dime of 1800 was first used on the gold quarter eagle in 1796, the half eagle in 1797 and the dollars and dimes in 1798. It features a strengthened and more artistic rendering of Stuart's Draped Bust portrait of Liberty, her hair tied with a ribbon. The inscription LIBERTY appears above the head, and surrounding the bust are seven stars to the right and six to the left. The reverse depicts a large eagle with outstretched wings-the Union Shield on its grasping thirteen arrows and an olive branch. The beak holds a ribbon inscribed with the Latin phrase E PLURIBUS UNUM (One made up of many). Thirteen stars are above the eagle, below an arc of clouds. UNITED STATES OF AMERICA surrounds the periphery. A total of 124,270 Draped Bust/Heraldic Eagle half dimes were minted from 1800 through 1805, with no coins dated 1804.
LM-2 has a Large 8 in the date. On the reverse, a leaf from the olive branch bisects the base of the C in AMERICA. Struck from the usual die states with clash marks and on later states, a rim break on the reverse. This reverse die was used for 1801, 1802, 1803 LM-1, and 1803 LM-2 Half Dimes. Pop 7; 33 finer at PCGS. (PCGS # 4269) .
Estimated Value $5,500 - 6,000.
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