1807 DRAPED BUST 50C, DRAPED BUST, LARGE EAGLE MS63
WELL PRESERVED SPECIMEN. LOVELY TYPE COIN.
NGC Graded Higher:
In 1807 the British frigate named Leopard fired upon and boarded the US warship Chesapeake after suspecting it of carrying British deserters. The British then reprimanded four Chesapeake crewmen, one of whom was reportedly hung shortly after. This was only the final straw for a method called Impressments used by the British. The practice of Impressments forced Americans into their Navy and which had subjected countless merchant ships and many Americans to the same treatment suffered by the Chesapeake and its crew. The response of the US for this trespass was to pass the Embargo Act. The act ceased US exports and put a heavy tax on British imports. The act put strain on US merchants and farmers just as much as hindered the British economy and in 1809 the act devolved into the Non-Intercourse Act. This new act allowed US ports to export everywhere besides Great Britain and France. Given that silver and gold were used heavily in international trade as notes did not have much value abroad, the Embargo Act could have very well kept this 1807 half dollar within the United States and spared it from being melted abroad.