1792 Half Disme. LM-1, Judd-7, Pollock-7. Rarity-3. Silver. Reeded Edge. Fine Details--Plugged (NGC).A desirable example of this iconic 1792 pattern issue, toned in a mottled patina of dove-grey and charcoal-black hues. Uniformly rough and microgranular beneath a glass, though appearing mostly smooth to the naked eye. Traces of an old, circular plug remain distinct in the upper reverse field below the final S in STATES. 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 imperfect example of one of the most important American issues should not be overlooked.PCGS# 11020. NGC ID: 22ZS.
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