Are you building your Draped Bust coin collection?
If you’re putting together a Draped Bust coin set, you might be curious about the 1796 dime and what it’s worth. Maybe you already own one and are eager to find out its value. Whether you’re just getting started or have been collecting for a while, this guide offers all the details you need about the 1796 Draped Bust dime.
The 1796 dime is more than just an old coin—it’s a key piece of U.S. coinage history. It holds the distinction of being the very first silver dime struck by the U.S. Mint. Because of its extremely low mintage, this coin is considered rare and highly desirable among collectors. Owning one could significantly increase the value of your collection.
In this article, we’ll explore the background of the 1796 dime, its unique features, and the different die varieties. You’ll also get tips on how to grade your coin and estimate its worth.
Let’s dive in and find out how valuable the 1796 dime really is.
1796 Half Dollar Value Chart
| Mint Mark | Good | Fine | Extremely Fine | Uncirculated |
|---|---|---|---|---|
| 1796 (No Mint Mark) | $3,300 | $5,900 | $9,000 | $1,115,000 |
History of the 1796 Dime
The 1796 dime marked the beginning of the Draped Bust series, which ran from 1796 to 1807. It replaced the Flowing Hair design that had drawn criticism from both the public and government officials. In response, Congress approved a new design in 1796.
Chief Engraver Robert Scot created the new image of Liberty based on a portrait of Ann Willing Bingham, a prominent figure in Philadelphia society. This image became the obverse design for several coin types.
The reverse design went through a few changes. Initially, silver coins including the dime featured a small eagle, a design known today as the Draped Bust, Small Eagle. This version lasted until 1797 and is well-loved for its historical significance and limited production. In 1798, the reverse was updated with the Heraldic Eagle, resulting in another popular version: the Draped Bust, Heraldic Eagle.
The 1796 dime’s historical importance, small mintage, and unique die varieties make it a standout addition to any coin collection.
Features of the 1796 Dime
To identify and grade early coins like the 1796 dime, you need to understand their physical characteristics. These details help determine a coin’s value and authenticity.
Obverse
The front of the coin features a right-facing portrait of Liberty with flowing hair and a draped neckline. The word LIBERTY sits above her head, while the date 1796 appears below. Eight stars are on her left and seven on her right.
Reverse
On the back, you’ll find a small eagle perched on a bed of clouds with its wings spread. The bird is surrounded by a wreath made of wheat and corn leaves, tied together at the bottom. UNITED STATES OF AMERICA encircles the rim.
Additional Details
- Diameter: 19.80 mm
- Weight: 2.70 grams
- Edge: Reeded
- Composition: 89.2% Silver, 10.8% Copper
- ASW: 0.0774 oz
- Fineness: 0.892
1796 Dime Value Guide
So, what is a 1796 dime worth today? The value depends heavily on condition. All 1796 dimes were minted in Philadelphia, and only 22,135 pieces were produced.
Circulated Coins
Due to age and low mintage, circulated 1796 dimes are rare. Most examples show significant wear and are graded lower than Fine. Even in Poor condition, they can fetch around $1,950. A Good grade example might be valued at $3,300, while a Fine one can reach $5,900. An Extremely Fine (XF) coin can command up to $9,000, and an About Uncirculated (AU58) may bring as much as $21,000.
Uncirculated Coins
Uncirculated or Mint State 1796 dimes are incredibly rare. A coin graded MS60 can sell for $26,000, while MS62 examples may bring $28,000. MS64 coins go for around $64,500, and true gems graded MS65 or higher can range from $110,000 up to $1,150,000.
Auction Highlight
In 2023, an MS66+ example of the 1796 dime sold for an astounding $372,000 at Heritage Auctions.
1796 Dime Grading
Grading this coin takes a close look at wear, luster, and detail. Focus on areas like Liberty’s curls and the eagle’s feathers.
- Low Grade: Heavy wear, faded details, almost no definition in the design.
- Mid Grade: Moderate wear, visible outlines, partial detail in hair and feathers.
- Mint State: Sharp details, no signs of wear, original luster intact.
Remember, a weak strike doesn’t always mean the coin is worn. Exposure to elements and poor storage can also impact grading.
For better accuracy, compare your coin with images from PCGS or NGC.
Rare 1796 Dime Errors List
The 1796 dimes were struck using six obverse dies and five reverse dies, resulting in six notable die varieties. These varieties are a major attraction for collectors.
JR-1 Variety
Known as the Wide Date, with a noticeable gap between the “7” and “9.” The eagle’s beak is closed, and the tail nearly touches the ribbon.
JR-2 Variety
Similar to JR-1 but with a tighter date arrangement. Slight differences appear in the eagle’s tail position.
JR-3 Variety
Features a repunched “6” in the date, where a larger 6 overlaps a smaller one. Eagle’s tail feather is positioned further from the ribbon.
JR-4 Variety
Shows a misaligned star and a tilted date. One star is closer to Liberty’s head, and die cracks appear on the eagle’s wings.
JR-5 Variety
The “6” in the date is lower than usual, creating an off-balance look. The eagle also appears uneven within the wreath.
JR-6 Variety
This is the rarest variety, with evenly spaced digits in the date and a detailed laurel wreath.
Compare your coin to high-quality reference images to confirm its variety.
Where to Sell Your 1796 Barber Dime?
Looking to sell your 1796 dime online? There are several trustworthy platforms available. To help you decide, here’s a list of the top sites, along with pros and cons.
How Much Is a 1796 Dime Worth Today?
Depending on condition, prices range from $1,950 in low grades to over $1,115,000 for top-grade Mint State examples.
Are Any 1796 Dimes Still Around?
Yes, but they’re rare—especially in high grades. Most surviving coins show heavy wear.
How Can I Tell If My 1796 Dime Is Real?
Compare it with certified images, check measurements, and inspect the edge. Avoid coins with uneven surfaces or seams. A magnet test can also help—real silver dimes won’t stick to a magnet.