1792 BUST DISME H10C MS65
J-7. FABULOUS SURFACES. TIED WITH ONE OTHER COIN FOR HIGHEST GRADED AT NGC.
The victory of the Revolutionary War quickly wore off by the end of 1783 and now it was time to put the newly independent country together. Several orders were put into place to maintain loyalty while congress tried to piece together a single “law of the land document.” Included in the constitution was a revision to regulate U.S. currency from the previous state. Before the constitution foreign coins and bartering were utilized. These systems obviously did not collaborate well and confusion ran rampant. In an effort to stabilize, Congress adopted the decimal system both as a way to differentiate from European currency and to organize coins more reasonably. Eventually, after several deliberations, the Act of 1792 finalized the U.S. currency system and described its use. The first half-dime (disme) coins were handed out a short four days after George Washington authorized its production. The limited numbers of coins that have survived to the modern day, about two to three hundred, usually show extensive wear, making well preserved coins an excitable circumstance. Additionally, these coins hold an element of mystery behind them. Several legends surround the coins creation; two of the most popular involve the Washingtons. The first claims that George Washington himself may have provided his own silverware to be melted for these coins. The second legend claims that the Lady Liberty is actually Martha Washington, who is believed to have posed for the coins’ portrait. Whether these stories are myths or not, they certainly lend a look back into the start of American history.