The 1808 Draped Bust Half Cent with the 8 Over 7 overdate variety is a fascinating and collectible coin in American numismatics. Struck at the Philadelphia Mint in 1808, this coin features the iconic Draped Bust design created by Robert Scot, the Chief Engraver of the United States Mint.
The "8 Over 7" overdate variety refers to a minting error where the engraver inadvertently struck the numeral "8" over the numeral "7" in the date on the coin die.
This resulted in a faint underlying "7" being visible beneath the "8". This variety is highly sought after by collectors due to its rarity and the interesting story behind its creation.
The obverse of the coin features Liberty portrayed with flowing hair and facing to the left, wearing a Phrygian cap, symbolizing freedom. The reverse depicts a wreath encircling the denomination "HALF CENT" and the inscription "UNITED STATES OF AMERICA."
Coins from the early 19th century, such as the 1808 Draped Bust Half Cent, are prized by collectors for their historical significance and scarcity.
The small denomination and low purchasing power of the half cent at the time contributed to its limited mintage, making surviving examples rare and desirable among numismatists.
The value of the 1808 Draped Bust Half Cent, 8 Over 7 variety, varies based on factors such as its condition, rarity, and demand from collectors. Well-preserved specimens with clear overdate features typically command higher prices in the numismatic market.
In reality, coins of such immense value are often closely monitored by collectors, numismatists, and specialized organizations. They are more likely to be traded in high-end numismatic markets, auctioned at prestigious events, or held in private collections rather than circulating among everyday transactions.
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