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1792 Patterns (1792) Values
Greysheet & Red Book® PRICE GUIDE
The Greysheet Catalog (GSID) of the Patterns (1792) series of Pattern Coinage in the U.S. Coins contains 21 distinct entries with CPG® values between $42,000.00 and $3,240,000.00.
History and Overview
In the summer of 1792, silver coins with the inscription denominated as HALF DISME were struck in Philadelphia. The style of the 1792 silver half disme is related to that of the famous copper Birch cent of the same year signed BIRCH, giving reason to attribute the authorship of the half disme to Birch as well.
Although the 1792 silver half disme has been called a pattern and is designated as J-7, it is most assuredly a coin made for general circulation. This is confirmed by the significant wear of such coins in existence today. However, there were a few copper impressions of the 1792 half disme, which can be called die trials, a category of patterns.
The other issues dated 1792 are indeed patterns in the typical sense inasmuch as they were made in very small quantities for examination and consideration, but not in large numbers for circulation. Included is the famous 1792 silver-center cent, J-1, which was an endeavor to create a coin with an intrinsic value of a cent, by using a small planchet of copper into which a silver plug was inserted at the center. Today, this is a famous and highly desired issue. This is the “cover coin” of this edition. Indeed, any and all 1792 coins are classics.
The 1792-dated eagle-on-globe pattern quarter dollar by Joseph Wright (J-12 and J-13) is especially elegant. Whether the dies for this were cut in 1792, or later in 1793, is not known. The breaking of the dies no doubt explains the extreme rarity of these pieces today. As the extant patterns are not from broken dies, the hardening likely occurred after these pieces were struck.
Collecting Perspective
The coinage of 1792 comprises slightly over a dozen different varieties, including the 1792 silver half disme. No patterns of 1792, nor any others through the first two decades of the Philadelphia Mint, were ever struck for numismatic or cabinet purposes, nor were any ever restruck from original dies.
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