The Half Dollar has been produced since the very first days of the United States Mint and was always a popular and useful coin among U.S. citizens. The first iteration of the Half Dollar, known as the Bust Half Dollar, was introduced in 1794. Produced through the late 1830s, the Bust Half Dollar stayed in circulation for an extended period of time. Due to the extreme age of these coins, it is difficult to find one in Good or better condition.
Their extreme age also drives the price of these coins even when they have not been well preserved. As time goes by, acquisition of Bust Half Dollars grows increasingly difficult as there are fewer and fewer on the market.
The Value of a Bust Half Dollar
The premium a reputable dealer may charge for a Bust Half Dollar depends on a few factors. Firstly, the mintage year means a great deal when it comes to determining a price point. Naturally, Busts produced during the 1700s and early 1800s are valued above those produced during the 1820s and 1830s.
Still, even the most recent Bust Half Dollars in Poor condition are not cheap. Bust Half Dollars can range from $40 to $30,000. The Flowing Hair Bust Half Dollar in excellent condition, for example, can sell for upwards of $10,000.
The Most Sought-After Bust Half Dollars
It is not happenstance that the most coveted Bust Half Dollars are also the most expensive. The first Bust Half Dollar, the Flowing Hair Half Dollar, is far and away the most desirable coin to serious collectors. This particular variety of Half Dollar was minted for just two years. Only a small number of these coins ever existed and their scarcity is practically alarming to consider. That being said, all types of Bust Half Dollar are sought by collectors.
These coins were some of the first ever minted and circulated in the newly founded United States and are beautiful, meaningful pieces of American history. Collectors generally prefer to include only the most well-preserved coins in their collection. Of course, when considering a coin that is 200 or more years old, “well-preserved” becomes a relative term. The standards of condition are lower for the Bust Half Dollar than for later versions of the coin.
Bust Half Dollars’ Future Value
It is not possible, even for experts, to determine what the exact value of a coin will be at some point in the future. However, experts agree the value of these coins will increase over time. Thanks to their extreme age, there are only going to be fewer Bust Half Dollars on the market in the future. There are literally fewer of these coins to go around with each passing year. Since these coins already enjoy considerable value regardless of condition, it makes sense to make a purchase sooner rather than later. The longer you wait to add one of these important pieces to your collection, the more expensive your Bust Half Dollar will be.