1797 Draped Bust Dime: Among the rarest and most significant coins in the annals of the US Mint, the 1797 Draped Bust Dime underlines the importance of the early days of the US Mint and symbolizes the tribulations and experiments of those days. The design, rarity, and historical significance of this coin fascinated coin collectors. Let’s explore more about this coin and about its value.
1797 Draped Bust Dime: Key Facts and Value
- Designer: Robert Scott
- Mint: Philadelphia (No Mint Mark)
- Composition: 89.24% silver, 10.76% copper
- Matching: About 25,000 coins
- Historical Significance: The first minted coin in the US One of the earliest dimes created by the Mint
- Value:
- Circulated: $10,000 – $50,000
- Obsolete: $100,000+
- High Quality: $250,000+
Design and Historical Significance
The 1797 Draped Bust Dime was designed by Robert Scot in the early years after the founding of the U.S. Mint. The front of this coin features the graceful figure of Lady Liberty with her hair down and a liberty symbol on it. The reverse shows a small eagle sitting atop a cloud with a cloak of gold adorning it. The design represents the freedom and ideals of the time.
The rarity of the 1797 Draped Bust Dime
The 1797 Draped Bust Dime is very rare. Only an estimated 25,000 coins were ever minted, and over time many have been lost, melted, or damaged by excessive circulation. The rarity of this coin makes it a precious commodity and high-quality coins are especially valuable to collectors.
A Valuable Item for Collectors
Just imagine that this coin is practically a dream come true for any collector whose heart beats for rare and historical coins. From its design to the historical value it possesses and its rarity, this coin stands prominently apart as a special coin among coin collections. Some of them could even sell for millions of dollars at auction.
Conclusion
The 1797 Draped Bust Dime is nothing, but a living and priceless link to American history, an actual coin. Its rarity and history make it a prized possession for coin collectors and history aficionados alike. If you are one such collector, this coin could be a different but definitely valuable component to your collection.
FAQs On 1797 Draped Bust Dime
Q. Why is the 1797 Draped Bust dime worth so much?
A. Its value is due to its rarity, historical significance, and demand for high-quality coins.
Q. Are all 1797 Draped Bust dimes worth the same?
A. No, there can be large differences in value depending on the coin’s condition (circulated or uncirculated) and quality.
Q. What is the significance of the 1797 Draped Bust dime’s design?
A. The design represents American independence and the symbolism of the young nation.