1792 Half Disme. LM-1, Judd-7, Pollock-7. Rarity-4. Silver. Reeded Edge. VF Details--Bent (PCGS).A pleasing example of this iconic American rarity. The surfaces display a medley of golden-tan and lavender-grey hues, with overall bold definition to the devices. The planchet has been bent and straightened, leaving the design elements worn smooth in areas. The obverse border is unevenly worn at 2, 6, and 10 oclock, but the focal elements remain clearly discernible. This waviness is more apparent on the reverse, where OF is entirely missing and the eagles right wing is obscured. A sharp punchmark at the back of Libertys hair provides the most convenient pedigree marker for tracing this piece through future collection. On October 15, 1792, George Washington received a report from his Secretary of State Thomas Jefferson that made note that there has been also a small beginning in the coinage of the half dismes, and included this milestone in his Annual Address to Congress that November. Struck from $75 of silver bullion deposited by Jefferson, the coins were produced in the cellar of John Harpers shop several blocks from where the first United States Mint was still being readied. Jefferson took delivery of 1,500 half dimes on July 13, 1792, and apparently distributed the new coins far and wide, as almost all of the few hundred known specimens are in low grades and often damaged. Indeed, many have been found throughout the Eastern Seaboard, including heavily worn examples found in New Jersey as well as Washingtons and Jeffersons home state of Virginia. Ever since the very beginnings of American numismatics, the 1792 half dismes with their direct connections to the nations Founding Fathers have been among the most coveted of all federally issued coins regardless of condition. Steeped in history, this affordable example of one of the most significant American issues should not be overlooked.