1929 $5 MS64 NGC....

Description

1929 Half Eagle, MS64
Few Known Finer

1929 $5 MS64 NGC. After San Francisco in 1916, no half eagles were coined by any mint until 1929, when Philadelphia struck a new batch of 662,000 coins, still employing Bela Lyon Pratt's sunken relief Indian and eagle motifs. Why these coins were struck is unclear -- possibly for a commercial need suddenly eradicated by the stock market crash late in the year, or as a course of coining excess gold bullion not needed in double eagle form. Regardless, only a few hundred of the coins were ever distributed through official channels, rendering the majority of the mintage subject to the mass gold melts of the mid-1930s. Today, the 1929 is a melt rarity and a key date in the Indian half eagle series.

This Choice example is well struck with bright straw-gold luster. A few light marks in the obverse fields limit the grade but are not bothersome for the MS64 level. Census: 70 in 64 (2 in 64+, 1 in 64+★ ), 7 finer (11/24).(Registry values: N4719)

Coin Index Numbers: (NGC ID# 28E2, PCGS# 8533, Greysheet# 9316)

Weight: 8.36 grams

Metal: 90% Gold, 10% Copper

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.

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