1929 $5 MS65 PCGS....

Description

Splendid Gem 1929 Half Eagle
Last Issue of the Series

1929 $5 MS65 PCGS. After an intermission of 12 years without a single half eagle coined at any mint, the 1929 made an appearance with a production of 662,000 coins. Then, following that emission, the half eagle denomination was eliminated entirely among circulation coinage. Despite the seemingly significant mintage, the 1929 half eagle is the single rarest issue in the entire Indian Head series when all grades are considered, although in high grades it is more plentiful than many earlier issues. Several MS65 examples of the 1929 half eagle are known, although there appears to be no single coin that is clearly better. PCGS and NGC have graded a combined 15 submissions as MS65, with no finer coins at either service.
A large percentage of the original mintage was never released and melted in the late 1930s, a fate similar to many of the final Saint-Gaudens double eagles. Surviving examples are mostly those coins that contemporary collectors purchased from the Mint or ordered through their local banks. Since many of those coins were preserved in collections through the years, typical survivors are in lower Mint State grades today. Only a few circulated pieces are known, perhaps from collections dismantled in favor of food for family members during the Great Depression.
The O'Neal specimen is one of the several Gem coins known. Although it has a number of trivial marks on each side, including the cheek, there are none of the heavy marks that are normal for surviving coins. Both sides have frosty yellow luster with lovely rose overtones. Population: 8 in 65, 0 finer (11/10).
From The Jim O'Neal Collection of $5 Indians.(Registry values: N7079)

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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