1929 $5 -- Reverse Repaired -- NGC Details. Unc....

Description

1929 Indian Half Eagle, Unc Details
Coveted Melt Rarity

1929 $5 -- Reverse Repaired -- NGC Details. Unc. Ex: Manhattan Collection. Choice straw-gold surfaces grace the obverse of this final-year 1929 Indian half eagle, although the reverse is hairlined throughout the reverse fields masking a repair (or repairs) no longer visible. Both sides are well-struck and the repair work requires magnification to view the full extent of smoothing around the eagle. Most 1929 half eagles were melted during the 1930s Gold Recall despite the large 662,000-piece mintage. Few of these coins were released into circulation, speaking to a lack of demand for the five dollar gold denomination in commerce. The low commercial demand was nothing new, causing half eagles to disappear from Mint production for more than a decade prior to the 1929 issue.

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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