1929 $5 AU58 PCGS....

Description

1929 Indian Head Five, AU58
Rarely Offered in This Grade

1929 $5 AU58 PCGS. Although the Mint struck 662,000 half eagles in 1929, few were ever distributed to the public. Most of the mintage was still in government vaults when the 1933 gold recall order mandated its melting. Since the issue never circulated to a meaningful extent, most pieces known today are in various Mint State grades. The present high-end AU coin is a rarity with light high-point wear. Such pieces are in demand among budget-restricted collectors, and the supply is extremely limited. We have previously handled dozens of Mint State coins but only four AU58 pieces. This is the first near-Mint example we have handled in a PCGS holder since 2007. More recently, an NGC coin in this grade garnered more than $30,000 (Heritage, 2/2014).

The present example shows satiny yellow-gold surfaces with little evidence of wear. Scattered light abrasions are typical of the grade and issue. A loupe reveals minor strike softness on the lower headdress feathers.
From The Faris Collection.(Registry values: N2998)

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

Metal: 90% Gold, 10% Copper
Weight: 8.36 grams
AGW: 0.24188oz
Mintage: 662,000

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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