The half disme is the value used for the first experimental production and then comes back in 1794. The half dollar begins in 1794. These first two small silver denominations are produced in 1794 and 1795 in the flowing hair variant of Miss Liberty.
The design changes in 1796 for the new obverse variant with the draped bust. The disme and the quarter dollar appear for the first time on that year. The half dollar is interrupted from 1798 to 1800 inclusive and the quarter from 1797 to 1803 inclusive. Their reverse variant is the small eagle as opposed to the heraldic eagle that will supersede it when the production of these values will restart.
The exceptional Pogue collection includes three of the best examples of these ancient draped bust fractions of the dollar. They will be sold without reserve at the first session by Stack's Bowers in New York on May 19 in association with Sotheby's.
The first quarter dollars had not been successful, which explains the early shutdown of their production. The lot 1051, estimated $ 750K, graded MS66 by PCGS, is one of the best specimens of this rare variant limited to 1796.
The 1797 half dollar at lot 1103 is also graded MS66 by PCGS. With its stunning visual appeal, it is the most desirable part in its class, estimated $ 1.2 million.
Throughout the history of its provenance, it has almost never been separated from a half dollar of the same grade from the only other year of this variant, 1796, which is estimated $ 775K at lot 1102. The ephemeral feature of this 1796 coin modified to sixteen stars for welcoming Tennessee in the Union is highly rare.
RESULTS including premium :
1796 quarter dollar : $ 1.53M
1797 half dollar : $ 1.53M