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    Description

    1929 Half Eagle, MS61
    Series-End Melt Rarity

    1929 $5 MS61 NGC. Three of the four gold denominations struck during the 20th century have at least one rare late-series issue that was heavily melted following the gold confiscation order of 1933, which criminalized the private ownership of non-numismatic gold coins. President Roosevelt issued the Executive Order under the assumption (some would say false assumption) that public hoarding of gold coinage was contributing to the lack of an economic recovery after the stock market crash of 1929. For the double eagle, the heavily melted rarities are issues struck from 1929 to 1933. For the eagle, the 1933 issue is the sought-after melt rarity. And for the half eagle, it is the 1929.

    The 1929 half eagle's small surviving population is primarily in Mint State, as the coins never reached widespread circulation. Pieces in MS63 and MS64 are the most frequently encountered, but their level of preservation makes them far too expensive for most enthusiasts. This MS61 is a much more comfortable purchase, and the collector does not sacrifice much in terms of eye appeal. This piece is well-struck and displays luminous satin luster. Light, scattered abrasions are not particular obtrusive.
    From The Twelve Oaks Collection.(Registry values: N4719) (NGC ID# 28E2, PCGS# 8533)

    Weight: 8.36 grams

    Metal: 90% Gold, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    September, 2016
    9th-12th Friday-Monday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 358

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    We also followed the bidding online yesterday here in Salt Lake for the other 3 coins - great fun. Prices realized met or exceeded our expectations.
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    Salt Lake City, UT
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