The 1838-O Capped Bust half dollar is one of the most significant and rare coins in U.S. numismatic history. Struck at the New Orleans Mint, it was the first half dollar produced outside the Philadelphia Mint, making it a landmark piece in early American coinage. This coin is highly coveted by collectors due to its historical importance and limited mintage.
This coin was minted in 1838 at the New Orleans Mint, the first branch Mint of the United States. It represents the final year of the Capped Bust half dollar series and features a reeded edge, a design change implemented to prevent clipping. With only 20 known surviving specimens, it is considered one of the classic American rarities, frequently featured in prominent auctions and collections.
| Specifications | |
|---|---|
| Size | 30 millimeters |
| Denomination | 0.5 USD |
| Gross Weight | 13.36 grams |
| Actual Silver Weight | 0.3866 troy ounces of silver |
| Fineness/Composition | 90% silver, 10% copper |
| Diameter | 30 millimeters |
| Thickness | 2.15 millimeters |
| Specific Gravity | 10.3–10.4 |
| Numismatic Price Range | $10000 - $632500 |
The obverse features Liberty wearing a Phrygian cap, a symbol of freedom, with the word "LIBERTY" inscribed on the headband. Thirteen stars representing the original colonies surround her, with the date "1838" below. The reverse shows an eagle with outstretched wings clutching arrows and an olive branch, with the inscription "UNITED STATES OF AMERICA" above and the denomination "HALF DOL." below. The "O" mintmark signifies the New Orleans Mint.
The 1838-O Capped Bust half dollar holds immense significance in both American history and numismatics. As the first half dollar minted at the New Orleans Mint, it reflects the nation's expanding coinage system. Its low survival rate and reeded edge design make it a prized piece for collectors. Frequently appearing in major auctions, the 1838-O half dollar is considered a key date in U.S. numismatics.
The value of the 1838-O Capped Bust half dollar depends largely on condition, with specimens commanding extremely high prices. In auctions, it has fetched as much as $632,500, cementing its status as one of the most valuable coins from the U.S. Mint.
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