United States of America 1797 Philadelphia Draped Bust $2.5 $2.50

Coin / United States of America / 1797 / Philadelphia / Draped Bust $2.5 / $2.50 (Two and a Half Dollars)

The Draped Bust $2.50 gold coin from 1797 is a remarkable piece of American numismatic history, representing a crucial era in the early days of the United States. Designed by renowned engraver Robert Scot, this coin features an elegant depiction of Lady Liberty, known as the "Draped Bust," which signifies both artistry and the spirit of the nation at that time. Minted in Philadelphia, this particular coin belongs to a limited mintage of only 427 pieces, making it exceptionally rare and highly sought after by collectors. Its denomination of $2.50 showcases the coin's role in everyday transactions during the late 18th century. The coin is made of 91.7% gold and 8.3% copper, giving it a beautiful golden hue and durability. With a diameter of 20 mm and a weight of 4.37 grams, the coin is elegantly designed with a reeded edge, which was a common feature meant to deter counterfeiting. The absence of a mint mark indicates that it was produced at the Philadelphia Mint, the first mint established in the United States. As an artifact of its time, the 1797 Draped Bust $2.50 coin is not only a tangible representation of early American currency but also a collector's treasure that reflects the artistry, economic history, and evolution of coinage in the United States. Its historical significance and limited mintage contribute greatly to its value and desirability in the numismatic market.