Draped Bust Dime Values

How Much Draped Bust Dimes are Worth: Draped Bust Dime​​ Values & Coin Price Chart

Year
Mint
Variety
Designation
VG-8
F-12
VF-20
EF-40
AU-50
U-60
MS-63
MS-64
MS-65
MS-66
MS-67
1800
P
Plain 4- Stemless Wreath
Red-brown
200
300
400
500
600
700
800
900
1000
1200
1100

Description and History

Overview

The Draped Bust Dime is an important early American coin minted from 1796 to 1807. Designed by Robert Scot, it features a classic depiction of Liberty with flowing hair and a draped bust on the obverse and, depending on the year, two distinct reverse designs. As one of the earliest dimes in U.S. history, the Draped Bust Dime is highly prized among collectors for its scarcity, historical significance, and artistic appeal.

History of the Draped Bust Dime

First introduced in 1796, the Draped Bust Dime was among the earliest U.S. silver coinage, created during the Mint’s formative years. The coin was designed by Robert Scot, the first Chief Engraver of the U.S. Mint, and features Liberty with draped clothing and flowing hair, inspired by a portrait of socialite Ann Willing Bingham.

The series is notable for its two distinct reverse designs:

  • Small Eagle Reverse (1796-1797) – Featuring a delicate eagle surrounded by a wreath, this design was short-lived due to its light and unimposing appearance.
  • Heraldic Eagle Reverse (1798-1807) – Inspired by the Great Seal of the United States, this redesign features a more robust eagle with a shield, clutching arrows, and an olive branch.

The Draped Bust Dime production was sporadic, with no coins struck in 1799 or 1806. The series was eventually replaced by the Capped Bust Dime in 1809.

Collecting Draped Bust Dime Coins

Collectors seek Draped Bust Dimes due to their historical importance, early American minting techniques, and rarity. These coins are tough to find in high grades, as many were heavily circulated.

Some of the most desirable issues in the series include:

  • 1796 Small Eagle – The first-year issue and a key rarity.
  • 1797 Small Eagle – Scarce, with a low mintage.
  • 1798 Heraldic Eagle – The first year featuring the new reverse design.
  • 1802 – One of the rarest dates, with an extremely low mintage.
  • 1804 – Another low-mintage year, making it highly sought after.

Additionally, collectors look for varieties such as overdates, repunched numerals, and differences in star arrangements, which add intrigue to the series.

Tips for Collectors

  • Where to Find Them: Draped Bust Dimes are typically found at high-end coin auctions, primary coin dealers, and estate collections.
  • Key Details to Watch For: Seek strong strikes, visible details in Liberty’s hair and the eagle’s feathers, and minimal surface damage.
  • Proper Storage: Store Draped Bust Dimes in certified coin holders or climate-controlled safes to protect their value and prevent oxidation.

Most Valuable Coin

One of the most valuable coins in this series is the 1802 Draped Bust Dime, which is considered an extreme rarity due to its very low mintage. Well-preserved specimens can command six-figure prices at auction. High-grade examples of the 1796 Small Eagle Reverse can also fetch impressive premiums.

Investment Potential

The Draped Bust Dime is a cornerstone of early American numismatics, making it a strong investment choice. With its historical significance and rarity, these coins tend to hold and increase their value over time. Key dates such as 1796, 1802, and 1804 are particularly desirable, and high-grade certified examples often see competitive demand at auction.

Key Dates and Varieties

Collectors and investors often seek the following key dates and varieties:

  • 1796 Small Eagle – The first-year issue, highly collectible.
  • 1797 Small Eagle – Scarce with variations in the number of stars.
  • 1798 Heraldic Eagle – The introduction of the new reverse design.
  • 1802 – One of the rarest Draped Bust Dimes, with an extremely low mintage.
  • 1804 – A key date due to its scarcity.

Notable Errors

  • Overdates – Some Draped Bust Dimes feature overpunched dates (e.g., 1798/7).
  • Repunched Stars and Numerals – Some issues display misaligned or repunched elements.
  • Weak Strikes – Many examples have weak details due to early minting methods, making well-struck specimens more valuable.

Design Features

The Draped Bust Dime, designed by Robert Scot, features a classic portrayal of Liberty on the obverse, with flowing hair and draped clothing. The reverse saw two distinct designs:

  • Small Eagle Reverse (1796-1797): A small eagle surrounded by a laurel wreath, symbolizing peace.
  • Heraldic Eagle Reverse (1798-1807): A mighty eagle clutching arrows and an olive branch, with a shield on its chest, mirroring the Great Seal of the United States.

Conclusion

The Draped Bust Dime is a treasured piece of early American coinage, offering collectors and investors a glimpse into the nation’s numismatic origins. With its historical significance, scarce key dates, and strong market demand, this series remains an excellent addition to any advanced collection.