Bust Half Disme 1792

Coin Series
Bust Half Disme 1792 series coin

About This Series

Standing at the genesis of United States coinage, the 1792 half disme (pronounced "dime" or "deem") was struck before the Philadelphia Mint was fully operational. The coins were struck in July 1792 on equipment set up in the Philadelphia shop of saw maker John Harper, because the Mint's own buildings were not yet ready. President Washington personally referenced these coins in his November 1792 address to Congress, noting that "small beginning" had been made. Thomas Jefferson's memorandum book records that he received 1,500 half dismes from the Mint on July 13, 1792; the story that the silver came from Washington's household silverware is a later tradition with no documentary support. Attributed with some doubt to Robert Birch, the obverse shows Liberty facing left with LIB.PAR.OF SCIENCE & INDUSTRY, while the reverse features an eagle with HALF DISME and UNI. STATES OF AMERICA. Struck in .8924 fine silver at approximately 1.35 grams and 16.5 mm, these tiny coins predate the formal Mint opening. NGC estimates that a few hundred survive, most of them worn. Listed as Judd-7, its status as pattern versus circulating issue remains debated among numismatic scholars.

From NumisDex News

Series Information

Production Years
1792-1792
Composition
89.2% Silver, 10.8% Copper

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History

The Coinage Act of April 2, 1792 set up the Mint and named the coins it would make, the half disme among them, worth one twentieth of a dollar. The law fixed the silver standard at 1,485 parts pure silver to 179 parts alloy, a fineness of about .8924.

By that summer most of the Mint's staff had been hired, but it had no buildings: its lots on Seventh Street were bought only on July 18, 1792. The first half dismes were therefore struck, in or around July, on equipment in the Philadelphia workshop of John Harper, a saw maker, with Mint staff running the work. Thomas Jefferson, then Secretary of State, supplied 75 silver dollars and noted in his memorandum book that he received 1,500 half dismes on July 13. He spent some of them on his journey home to Monticello.

In his annual message to Congress that November, George Washington told the House that a "small beginning" had been made in coining half dimes, prompted by the shortage of small change. Later stories added that the silver came from the Washington household and that the portrait shows Martha Washington. Neither has solid evidence behind it.

Whether the half disme was a pattern or the country's first circulating coin is still argued. It is catalogued among the patterns as Judd-7, and the Red Book has long listed it that way. NGC reads the 1,500 figure as a hesitant start at real coinage, and CoinWeek points to the wear on surviving coins and the documentary record as proof that they circulated. The Mint itself treats the 1793 Chain cent as its first circulating coin. The design was used for this one issue only; half dimes struck inside the Mint began with the Flowing Hair coins dated 1794.

How to Identify It

Obverse. A head of Liberty with the legend LIB. PAR. OF SCIENCE & INDUSTRY, short for "Liberty, parent of science and industry", and the date 1792.

Reverse. An eagle with a star, the legend UNI. STATES OF AMERICA and the value HALF DISME.

Edge. Diagonally reeded, according to NGC.

Mint mark. None. The coins were struck in Philadelphia.

Designer. NGC lists Robert Birch with a question mark; the attribution is not settled.

Things that cause confusion.

  • The 1792 disme. The ten-cent disme of 1792 is a separate coin, known in silver and copper and catalogued as a pattern.
  • The copper half disme. A single half disme struck in copper is known, listed as Judd-8 among the patterns.
  • Later half dimes. From 1794 the coin reads neither HALF DISME nor LIB. PAR.; the Flowing Hair half dime has stars around Liberty and no value on it.

Key Dates and Varieties

  • 1792 half disme (Judd-7): one pair of dies. Jefferson received 1,500 coins in July 1792; Wikipedia reports estimates of 2,000 to 3,500 struck in all, and NGC says a few hundred survive.
  • Specimen strikes: some pieces are certified as specimen strikes; Wikipedia mentions one from the Starr collection.
  • Copper half disme (Judd-8): the only half disme known in copper.

In Our Catalog

No errors or varieties are listed for Bust Half Disme 1792 yet. Submit one

Mintages

Bust Half Disme 1792 mintages by year and mint, taken from each coin's page in our catalog. Each figure opens that coin's page, which lists its varieties and errors. A dash means no figure was recorded. Where one issue was struck in more than one type, each type is listed.

YearP
1792

Composition and Silver Content

  • Composition: about 89.24% silver and 10.76% copper (the 1792 standard; NGC rounds it to .892)
  • Weight: 1.35 g, holding 0.0387 troy oz of silver (NGC)
  • Diameter: 16.5 mm
  • Edge: diagonally reeded

FAQ

Is the 1792 half disme a pattern or a regular coin?

Opinions differ. The Red Book has long treated it as a pattern, and it carries the pattern number Judd-7. NGC points out that a run of about 1,500 pieces looks more like a cautious start to circulating coinage than a trial, and CoinWeek notes that the wear on surviving coins and the written record show they circulated. The Mint itself counts the 1793 Chain cent as its first circulating coin.

How do you pronounce disme?

Both "dime" and "deem" are heard today. The word comes from the old French for a tenth. Most Americans of the 1790s seem to have said "dime", and the s was gone from the half dimes struck from 1794 on.

Were half dismes made from George Washington's silver?

That is a story, not a documented fact. Tradition says silverware from the Washington household was melted for them and that the portrait shows Martha Washington, but no solid evidence supports either claim. Thomas Jefferson's memorandum book does show that he handed over 75 silver dollars and was given the first 1,500 coins.

Where were the 1792 half dismes struck?

In Philadelphia, but not in a Mint building. The Mint's lots were bought only on July 18, 1792, so the coins were struck on equipment in the workshop of John Harper, a saw maker, with Mint staff in charge.

How many 1792 half dismes exist?

No exact figure is known. Jefferson recorded receiving 1,500 on July 13, 1792, and Wikipedia reports estimates of 2,000 to 3,500 struck in all. NGC says a few hundred survive, most of them worn; one estimate quoted by Wikipedia is 250 to 400.

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