The 1928 Hawaiian Sesquicentennial Half Dollar is a remarkable coin that holds a special place in numismatic history. Issued to commemorate the 150th anniversary of Captain James Cook’s arrival in Hawaii, this coin is celebrated for its historical significance, low mintage, and unique design. This guide explores its history, design, rarity, and collector appeal, making it an essential resource for numismatists and enthusiasts alike.
Historical Context
The 1928 Hawaiian Sesquicentennial Half Dollar was authorized by Congress to mark the sesquicentennial of Captain James Cook’s arrival in the Hawaiian Islands in 1778. Cook’s arrival had a profound impact on Hawaiian history, ushering in an era of European influence that would shape the islands’ future.
Design Details
The coin’s design was created by Juliette May Fraser, a prominent Hawaiian artist. Her artistic style and deep connection to Hawaii’s culture are evident in the coin’s unique and striking design.
- Obverse (Front): The obverse features a portrait of Captain James Cook, the British explorer credited with discovering the Hawaiian Islands. Surrounding his profile are the inscriptions “UNITED STATES OF AMERICA,” “CAPT. JAMES COOK DISCOVERER OF HAWAII,” and “HALF DOLLAR.”
- Reverse (Back): The reverse showcases a Hawaiian chieftain’s ceremonial head, inspired by traditional Hawaiian art. The chieftain is depicted with a feathered cloak and helmet, symbolizing the islands’ rich cultural heritage. The inscriptions “SESQUICENTENNIAL OF DISCOVERY” and “1778-1928” complete the design, emphasizing the commemorative nature of the coin.
The design’s attention to detail and cultural significance make this coin a standout among early U.S. commemorative issues.
Rarity and Mintage
With a mintage of only 10,008 coins (including eight reserved for assay), the 1928 Hawaiian Sesquicentennial Half Dollar is one of the scarcest U.S. commemorative coins. Its low mintage was intentional, reflecting the targeted nature of its issuance for the sesquicentennial celebration.
Many of these coins were sold to tourists and attendees of the event, while others were distributed locally in Hawaii. However, due to their relatively high cost at the time of issue and limited circulation, not all were sold. Some remained unsold and were eventually melted, further reducing the number available to collectors today.
Value and Market Trends
The rarity and historical significance of the 1928 Hawaiian Sesquicentennial Half Dollar contribute to its high value in the numismatic market.
- Circulated Coins: Even coins in lower grades can fetch thousands of dollars due to their scarcity.
- Mint-State Coins: Uncirculated examples in higher grades, such as MS-63 or above, often sell for $5,000 to $10,000 or more.
- Key Sales: High-grade coins with exceptional eye appeal have sold for significantly higher prices at auctions, sometimes exceeding $15,000.
Its desirability among collectors ensures that this coin remains a prized piece in any collection.
Tips for Collectors
- Verify Authenticity: Counterfeits and altered coins exist in the market due to the high value of this commemorative. Always purchase from reputable dealers or ensure coins are certified by trusted grading companies like PCGS or NGC.
- Examine Condition: Coins with original luster and minimal wear command the highest premiums.
- Consider Provenance: Coins with documented history or ties to significant collections can add value and interest.
Conclusion
This coin is a symbol of Hawaii’s rich history and its connection to Captain James Cook’s voyages of exploration. Its unique design, low mintage, and cultural significance make it a standout among U.S. commemoratives. For collectors, it represents a tangible piece of history and a reminder of the profound impact of exploration on the world.
Whether you’re a seasoned numismatist or a new collector, the 1928 Hawaiian Sesquicentennial Half Dollar is a coin that encapsulates artistry, history, and rarity in one exceptional piece.
FAQs
1. Why is the 1928 Hawaiian Sesquicentennial Half Dollar so rare?
The coin’s mintage was limited to just 10,008 pieces, making it one of the scarcest U.S. commemorative coins.
2. What makes this coin significant to Hawaiian history?
The coin commemorates the 150th anniversary of Captain James Cook’s discovery of Hawaii in 1778, a pivotal moment in the islands’ history.
3. How much is the 1928 Hawaiian Sesquicentennial Half Dollar worth today?
Values range from thousands of dollars for circulated coins to over $10,000 for high-grade uncirculated examples.