1929 $5 -- Damage -- PCGS Genuine. AU Details....

Description

1929 Indian Half Eagle, AU Details
Lustrous Final-Year Melt Rarity

1929 $5 -- Damage -- PCGS Genuine. AU Details. The 1929 Indian half eagle is the famous final-year melt rarity of the series. It is, overall, the biggest "stopper" to a complete date set. Half eagles were struck at San Francisco in 1916, but no coinage of this denomination occurred again until 1929, when 662,000 pieces were produced at the Philadelphia Mint. Commercial demand for the coins was largely nonexistent, though, and the majority of the mintage remained in government vaults for years. By the time of the President Roosevelt's Gold Recall order in 1933, only a few hundred examples of this date had been distributed to the public. Those coins represent the entire survivorship of this date today.

This AU-level coin may be conservatively graded on grounds of detail, as there is little evidence of wear, and the surfaces retain ample luster. However, the damage noted by PCGS makes itself evident in a number of heavy abrasions on the obverse, most notably a mark at the LI in LIBERTY and several others on the Indian's forehead and chin. The strike is sharp, and most collectors seeking to acquire this issue on a budget will find the obverse abrasions easy to overlook.
Ex: U.S. Coins Signature (Heritage, 2/2021), lot 3772.

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.