The 1807 Draped Bust Half Cent is a valuable addition to any collection, and is of special importance to any serious collector. Not only does it have a stunning design, the coin itself is a part of US history, giving it intrinsic value few other coins can replicate. Being that there are only a limited number of these piece still around, there has never been a better time than now for you to get your hands on one.
On the obverse side of the Draped Bust Half Cent, you will notice the image of Lady Liberty, facing rightward. The image of Lady Liberty is so detailed that even some of the curls in her hair are able to be deciphered. Above the central image there is an inscription which reads “Liberty,” while the 1807 year of minting is inscribed below. Finally, on the very outer edges of both sides of the coin, there are raised notches which give the coin some added texture.
On the coin’s reverse, the center features an inscription which reads the “Half Cent” face value of the coin. Surrounding the face value inscription to some extent is a loosely tied together wreath that is bound by a bow. Beneath the bow there is another inscription, this one reading “1/200,” or the coin’s value relative to a whole dollar. Finally, on the outside of the wreath there is an inscription which reads “United States of America.”
The unfortunate reality nowadays is that if a coin is popular, it is bound to be counterfeited. That is exactly the truth with the 1807 Draped Bust Half Cent. Being ever-wary, collectors protect themselves from incidences of counterfeits by only purchasing those coins that have been graded and certified as being authentic. Below, we have outlined the different coin grades as well as what those grades mean.
Uncirculated: If a coin is determined to be of Uncirculated grade, this means that it never spent any time on the open market exchanging hands. Instead, these pieces were kept in safekeeping from the day they were minted until today. As such, they are in flawless condition.
Extremely Fine: If an 1807 Draped Bust Half Cent is determined to be of Extremely Fine grade, this means that the coin in question will be in excellent condition save for a few flaws. Though the flaws are minor, they are also enough to downgrade the coin the eyes of collectors.
Fine: Fine is the grade given to coins that have been circulated and damaged, but not heavily so. These coins will display some light smoothing on both surfaces, but will, for the most part, have been relatively well-preserved throughout the years.
Good: Good is the worst grade a coin can receive and usually indicates one that has been extremely heavily circulated. These coins are going to have a lot of scratching, chipping, and smoothing so severe that some of the surface imagery might have been worn away.
In terms of determining the price you might be asked to pay for the 1807 Draped Bust Half Cent, the first thing you must assess is the coin’s condition. It only makes sense that those coins that have been well-preserved are also the ones that will cost the most. Below, we have a chart aimed at helping you gain a better understanding of what you might be asked to pay for a graded 1807 Draped Bust Half Cent.
|1807 Draped Bust||$75||$125||$200||$1,000||Source: Red Book|