The Capped Bust Half Dollar series is a favorite among serious coin collectors
Produced between 1807 and 1839, the Capped Bust Half Dollar series remains a cornerstone for dedicated numismatists. These coins are admired for their classical beauty, historical depth, and increasing rarity over time. Designed initially by John Reich and later updated by William Kneass, the obverse showcases a timeless portrayal of Liberty wearing a soft cap and flowing robes inspired by classical antiquity.
The reverse design features a powerful heraldic eagle gripping arrows in one talon and an olive branch in the other, symbolizing both defense and peace. Composed of 89.24% silver, these coins played an essential role in early American trade. Today, they are cherished relics from the nation’s formative years. Specific dates and rare variations within the series have reached extraordinary prices at auction, sometimes surpassing six-figure sums due to their rarity and desirability.
1. 1817/4 Overdate Capped Bust Half Dollar – Valued Over $500,000
Among the most coveted Capped Bust Half Dollars is the elusive 1817/4 overdate, identifiable by the distinct impression of a “4” beneath the “7” in the date. This remarkable error occurred due to the Mint’s practice of repurposing dies from previous years.
With fewer than a dozen known examples in existence, it stands as a legendary rarity within American coinage. High-grade examples have sold for more than half a million dollars, making this one of the most valuable coins in the entire series. Even those in lower condition are still worth tens of thousands, offering exceptional value for collectors lucky enough to find one.
2. 1839-O Capped Bust Half Dollar – Worth Up to $300,000
The 1839-O Capped Bust Half Dollar holds the distinction of being the first coin of its kind minted in New Orleans, marked by the “O” mintmark. This alone elevates its significance among collectors, but its rarity in well-preserved grades adds further appeal.
Bridging the stylistic gap between the Capped Bust and Seated Liberty designs, the 1839-O is especially valued for its historical importance. A top-condition specimen graded MS66 once realized over $300,000 at auction, illustrating the intense demand among serious numismatists for this transitional issue.
3. 1815/2 Overdate Capped Bust Half Dollar – Estimated at $100,000+
This variety is notable for featuring the date “1815” stamped over a previously engraved “2,” a consequence of die reuse following silver shortages in the aftermath of the War of 1812. With only around 47,000 coins minted during this year, the 1815/2 overdate remains scarce, especially in higher grades.
The overdate is easy to spot with the naked eye, making it a popular and visually striking piece among collectors. Premium specimens in mint state conditions can exceed $100,000 in value, making this a centerpiece for any early American collection.
4. 1836 Reeded Edge Capped Bust Half Dollar – Up to $85,000
This particular year marked a turning point in U.S. coinage technology as the Mint introduced steam-powered presses, resulting in a reeded edge rather than the previous lettered design. The 1836 issue stands as the first of its kind in this short sub-series, distinguishing itself with both its technological innovation and low mintage.
These factors combined make it highly collectible and significant to coin historians. Top-tier examples of the 1836 Reeded Edge Half Dollar have been known to reach values up to $85,000, reinforcing its place in numismatic history.
5. 1811 Large 8 Capped Bust Half Dollar – Worth Around $60,000
A distinctive feature of this coin is the unusually large “8” in the date, which likely resulted from an engraving anomaly. The 1811 Large 8 variety is exceptionally scarce, with fewer than 100 known to exist today.
When found in excellent condition, these coins can command high prices—often ranging from $50,000 to $60,000 or more. It remains a favorite among specialists who focus on die varieties and early mint errors, making it a must-have for advanced collectors in the field.
6. 1823 Broken 3 Capped Bust Half Dollar – Valued at $45,000
This variety is distinguished by a visible die defect that causes the number “3” in the date to appear broken or split. Though the flaw may seem minor, it has fascinated collectors and become one of the defining varieties in the Capped Bust series.
Known as the “Broken 3,” this coin is often included in specialized collections due to its unique look and relative rarity. High-quality specimens have sold for upwards of $45,000, making it a standout for those interested in the quirks and intricacies of minting errors.
7. 1807 Bearded Goddess Capped Bust Half Dollar – Estimated at $35,000+
This memorable variety, informally named the “Bearded Goddess,” emerged from die defects that give Lady Liberty the appearance of facial hair. Although technically an imperfection, this unique feature has endeared the coin to collectors and increased its desirability.
As the inaugural issue in the series, the 1807 date already carries a premium, and when paired with such a striking error, its value rises significantly. Well-kept examples have been known to fetch more than $35,000, making it a fascinating and valuable find.
Conclusion
Capped Bust Half Dollars offer far more than just historical charm—they serve as tangible pieces of early American artistry and commerce. With distinctive designs, rare mint errors, and transitional forms, this series continues to captivate collectors of all levels.
The coins discussed above demonstrate how even the smallest details can elevate a coin from ordinary to extraordinary. For those interested in U.S. history, rare collectibles, or investment potential, these coins offer a compelling journey into the nation’s past—where each piece tells a story and possibly hides a fortune.
FAQs
1. What is a Capped Bust Half Dollar?
It’s a silver U.S. coin minted between 1807 and 1839, featuring Lady Liberty with a cap. These coins are valued for their historical relevance, artistic design, and variety of rare errors and overdates.
2. Why are some Capped Bust Half Dollars so valuable?
Scarcity, condition, mint errors, and historical importance contribute to high values. Coins like the 1817/4 overdate or the 1839-O mint issue are extremely rare and fetch high prices.
3. How can I tell if my Capped Bust Half Dollar is valuable?
Check for rare varieties (like overdates), mint marks, and condition. Getting your coin graded by a professional service like PCGS or NGC is the best way to assess value.
4. Are Capped Bust Half Dollars still being made?
No. They were discontinued in 1839 and replaced by the Seated Liberty design. Today, they are highly collectible antiques.