1831 CAPPED BUST H10C MS67
A LOVELY SPLATTERING OF AQUAMARINE COLOR ON OBVERSE. ONLY TWO COINS GRADE HIGHER AT PCGS. CAC.
NGC Graded Higher:
In 1831, Robert Kinzie purchased one hundred and two acres in Illinois, paying exactly $127.68 for the swath. Kinzie’s purchase would see two hundred people move onto the land by 1833 when it was organized as the town of Chicago. This 1831 half dime may have been used in the purchase of the land that would become one of the largest cities in the US by the end of the century.
The Capped Bust is the fourth of eight major types in the United States Half Dime series, and it was produced from 1829 through 1837. This design is credited to William Kneass, although the engraver's work in this instance is actually a refined version of John Reich's Capped Bust motif originally introduced in 1807. Struck as they were after new technological improvements were introduced in the Mint, all examples of this type display a beaded border and a uniform diameter. (There is no Large Size Capped Bust Half Dime as there is with the Capped Bust Dime, the former denomination experiencing a sizeable gap in production from 1806-1828.) Mintage figures for all issues in this Half Dime series are concentrated around the 1 million-coin mark. Most deliveries are similar in terms of absolute and condition rarity, but there are a few scarcer varieties that include the 1834 3/Inverted 3, 1836 3/Inverted 3 and 1837 Small 5C.