Bust Half Dimes

The half dime, or half disme, was a silver coin, valued at five cents, formerly minted in the United States. Some numismatists consider the denomination to be the first coin minted by the United States Mint under the Coinage Act of 1792, with production beginning on or about July 1792. However, others consider the 1792 half disme to be nothing more than a pattern coin, or 'test piece', and this matter continues to be subject to debate. These coins were much smaller than dimes in diameter and thickness, appearing to be "half dimes". Production of half dimes resumed in 1829 based on a new design by Chief Engraver William Kneass, who is believed to have adapted an earlier John Reich design. All coins were minted at Philadelphia and display no mintmark. The high circulating mintage in the series was in 1835, when 2,760,000 were struck, and the low of 871,000 was in 1837. Both Capped Bust and Liberty Seated half dimes were minted in 1837. In the 1860s, powerful nickel interests successfully lobbied for the creation of new coins, which would be made of a copper-nickel alloy; production of such coins began in 1865, and were struck in two denominations — three and five cents (the latter introduced in 1866). The introduction of the copper-nickel five-cent pieces made the silver coins of the same denomination redundant, and they were discontinued in 1873.