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    1929 Half Eagle, MS64
    Fuljenz: 'Popular and Rare'

    1929 $5 MS64 PCGS. In Indian Gold Coins of the 20th Century, Mike Fuljenz devotes slightly more time to discussing the 1929 half eagle's rarity than for that of most other issues in the series. He writes:

    "The 1929 Half Eagle is an issue that did not see much--if any--circulation and it is almost never seen below the AU58 to MS60 range. It is scarce in the lower Uncirculated grades and very scarce in MS63. MS64 examples are popular and rare, despite the current PCGS/NGC population figures which appear to be highly inflated. MS-65's are very rare."



    The 1929 owes its scarcity to the government gold confiscation of the mid-1930s, which destroyed almost the entire 662,000-coin mintage. Although not as rare as some of the double eagle issues of this period, the 1929 has, in the absolute sense, the lowest surviving population of any date in the half eagle series, and it is arguably the most sought-after Indian five in high grade save for perhaps the 1909-O.

    This piece displays satin honey-gold luster that emits a soft glow over each side. The central design elements are boldly defined and, as is characteristic of genuine examples of this issue, there is a faintly incuse line in the planchet around the reverse periphery near the rim. A few light, scattered abrasions preclude a full Gem grade but are not out of line for the MS64 level. The last MS64 PCGS example we offered was in lot 4308 of the FUN Signature sale (Heritage, 1/2015), which realized $51,700. The present coin is visually comparable to that example and is worthy of a proportionately strong bid. PCGS lists nine Gems finer, possibly including a couple of resubmissions or crossovers (10/15).
    From The Leon Hendrickson 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.

    View all of [The Leon Hendrickson Collection ]

    Auction Info

    Auction Dates
    December, 2015
    3rd-6th Thursday-Sunday
    Bids + Registered Phone Bidders: 20
    Lot Tracking Activity: N/A
    Page Views: 1,178

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