The Capped Bust Half Dollar series is a favorite among serious coin collectors. Minted from 1807 to 1839, these coins are treasured not only for their beauty and historical significance but also for their increasing rarity. Designed by John Reich and later modified by William Kneass, these coins feature the iconic image of Lady Liberty with a soft cap, draped in classical attire.
The reverse side shows a heraldic eagle holding arrows and an olive branch. Struck in 89.24% silver, these coins served as a backbone of early American commerce and today stand as prized artifacts of a young nation. Some varieties and specific years are so rare that they command sky-high prices at auction—sometimes exceeding six figures.
1. 1817/4 Overdate Capped Bust Half Dollar – Valued Over $500,000
One of the rarest and most sought-after Capped Bust Half Dollars is the 1817/4 overdate variety. This error coin shows a visible “4” under the “7” in the date, a result of the Mint reusing old dies. Fewer than a dozen are known to exist today, making it one of the most prized discoveries in American numismatics. In top condition, this coin has fetched more than $500,000 at auction. Even lower-grade specimens command tens of thousands. If you’re lucky enough to come across one, you’re holding a true treasure.
2. 1839-O Capped Bust Half Dollar – Worth Up to $300,000
The 1839-O is notable for being the first half dollar struck at the New Orleans Mint. This “O” mintmark adds historical significance and rarity, especially in higher grades. Because of its limited mintage and transitional design (it bridges the gap between the Capped Bust and Seated Liberty series), collectors compete fiercely for well-preserved examples. One specimen graded MS66 sold for more than $300,000. Its role in numismatic history makes it highly desirable.
3. 1815/2 Overdate Capped Bust Half Dollar – Estimated at $100,000+
This coin carries the overdate error of “1815” struck over a “2,” meaning the die was originally created for 1812 but repurposed during a period of silver shortages following the War of 1812. Only around 47,000 were minted, and fewer still exist in mint condition. With the overdate clearly visible to the naked eye, this coin is a standout in any collection. Top-graded examples have surpassed $100,000 at auction.
4. 1836 Reeded Edge Capped Bust Half Dollar – Up to $85,000
The 1836 Reeded Edge Half Dollar marked a major turning point in U.S. coin production. It was the first half dollar struck using steam-powered presses and featured a reeded edge instead of the traditional lettered one. This makes it the first in a short-lived sub-series before the switch to Seated Liberty. Low mintage numbers and its status as a technological milestone make this coin highly collectible. Premium specimens can reach values as high as $85,000.
5. 1811 Large 8 Capped Bust Half Dollar – Worth Around $60,000
The 1811 Large 8 variety is distinguished by an oversized “8” in the date. This design quirk is incredibly rare and was likely the result of a die engraver’s error. Fewer than 100 known examples exist, and those that have survived in high condition often command prices of $50,000 to $60,000 or more. It’s a favorite among variety specialists and collectors focused on early U.S. coinage.
6. 1823 Broken 3 Capped Bust Half Dollar – Valued at $45,000
The “Broken 3” variety gets its name from the unusual appearance of the “3” in the date, which looks fractured due to die damage. Though it might seem like a simple flaw, this error has fascinated collectors and become a key piece for specialists in the series. In top grades, this rare variant can sell for upwards of $45,000. It’s a shining example of how minor differences can make a major impact in coin collecting.
7. 1807 Bearded Goddess Capped Bust Half Dollar – Estimated at $35,000+
The “Bearded Goddess” is a variety of the first-year 1807 issue where die defects give Lady Liberty the appearance of having a beard. While technically a die flaw, collectors love the unique look and nickname. First-year issues are always in high demand, and when combined with such a memorable error, values climb quickly. Well-preserved examples can easily top $35,000 at auction.
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.
Conclusion
Capped Bust Half Dollars are more than just vintage coins—they’re windows into America’s early financial and artistic history. With striking designs, unique mint errors, and fascinating varieties, they’ve captured the hearts of collectors for generations. Whether you’re a seasoned numismatist or a beginner curious about rare coins, these seven valuable issues offer insight into the excitement and potential fortune waiting in historic U.S. coinage. Keep your eyes open—because even centuries later, these coins continue to make headlines.