This is an 1805 Medium 5 Stemless Draped Bust Half Cent, a classic early United States copper coin. The obverse features Liberty facing right with flowing hair, surrounded by stars and the date 1806. The reverse displays a wreath encircling the denomination "HALF CENT" with "UNITED STATES OF AMERICA" around the rim. The coin is struck in copper composition with a plain edge, typical of the Draped Bust half cent series minted from 1800 to 1808. This early American collectible represents an important era in United States Mint history.