Once upon a time, long ago, a coin worth a half cent in face value could actually purchase something worthwhile.
The Half Cent was one of the earliest United States coins to see duty, first minted in 1793, just as George Washington was settling into his second term as President. In those days, an average workman could hope to earn only about one dollar a day, so the Half Cent was indeed a useful denomination in daily commerce.
The Half Cent is about the size of today's quarter, and was coined intermittently throughout its life. Eventually, the coin fell out of favor with the public, as noted by Mint Director James Snowden in his 1854 report: People will not take the trouble to make a cent with two pieces of money. What's more, higher copper prices and increased labor costs made the Half Cent unpractical to mint. The last of the Half Cents were released in 1857.
There are five types of Half Cents: Liberty Cap Left (directly below, 1793 only), Liberty Cap Right (1794-1797), Draped Bust (1800-1808), Classic Head (1809-1836), and Coronet (1840-1857).
Many Half Cents were produced in appreciable quantities, leaving collectors with an ample supply to choose from. There are a few key dates that are rare and always have been held in high esteem by numismatists. If past trends are any indicator, and they usually are, these are the Half Cents most likely to increase in value in the years ahead:
Key date Half Cents are offered for sale below. The left hand side of each "Sales Box" is value trend data over a very long period of time for a coin of that date in Good-4 condition. The percent annual increase is computed for comparative purposes. The coin pictured for sale in the right hand side is not necessarily the same condition coin as that represented in the value trend analysis.
1793
Half Cent
Condition: G-4 | | | 1796
Half Cent (pole)
Condition: G-4 | | Value Trends
1950: $22.50
1980: $750
1995: $1450
2003: $2000
2009: $3500
| Value Trends
1950: $150
1980: $1750
1995: $9000
2003: $9000
2009: $20000
| % Annual Increase Since 1950 =
8.93% | % Annual Increase Since 1950 =
8.65% |
1802
Half Cent
Condition: G-4 | | | Value Trends
1950: $20.00
1980: $165
1995: $500
2003: $750
2009: $1000
| % Annual Increase Since 1950 =
6.86% |
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Eli Whitney filed a patent application for his invention, the cotton gin, in 1793. The cotton gin greatly increased the amount of land committed to cotton fields in the South, for it raised the profitability of the crop. Prior to the introduction of the machine, cotton profits were relatively low because of the intensive manual labor required to remove the seeds.
