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    Description

    1929 Half Eagle, Attractive MS64
    Few Examples Known Finer

    1929 $5 MS64 PCGS. In the 1920s, and in some regions even earlier, gold coinage had largely become absent from circulation, replaced by gold certificates and federal reserve notes after the establishment of the Federal Reserve System in 1913. Continued coinage of physical gold was largely intended as backing for the paper substitute, as well as for trade and circulation in banks. As such, large denomination double eagles were the production of choice. Half eagles were last coined at Philadelphia in 1915, and in San Francisco in 1916. A rather healthy restart of half eagle coinage in 1929 amounted to 662,000 coins, although almost none of these coins ever reached the general public. The widespread destruction of gold coins in the mid-1930s following a recall order from President Roosevelt turned the high-mintage final-year issue of the Indian half eagle series into one of the most sought-after gold rarities of the 20th century.

    The typical surviving 1929 half eagle is Mint State, as one would expect for an issue that experienced almost no active circulation. Although frequently offered at auction, high-grade examples of this issue never fail to draw strong bidding and collector interest. The present coin stands out from its peers with frosty, original luster that shows a blend of champagne and orange-gold hues, with wisps of lavender throughout. The lower headdress feathers show minor softness, and a few small marks determine the grade. Eye appeal is outstanding. PCGS lists 10 finer coins (9/17).(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
    November, 2017
    2nd-4th Thursday-Saturday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 630

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    The marketing was exceptional from the photos to the ads in Civil War Times and North South Trader for the cross over people!!! I have had many emails from my Civil War collecting fraternity that saw these and I saw them at the national show in Nashville/Franklin in early December.
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    Rockwall, TX
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