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    Description

    1929 Indian Half Eagle, MS64+
    Final Year of the Denomination
    Elusive Key Issue

    1929 $5 MS64+ PCGS. CAC. The Philadelphia Mint struck a substantial mintage of 662,000 Indian half eagles in 1929, the first time any five dollar gold coins had been struck at any U.S. Mint since 1916 (at San Francisco). The 1929 mintage would be the last hurrah for the denomination, as the stock market crash of 1929 ushered in the Great Depression, and there was little demand for gold coins in the devastated economy. Most of the coins were never released into circulation and remained in government custody until the Gold Recall of 1933. The bulk of the large mintage was later melted and stored as gold bars at the Fort Knox Bullion Depository.

    The 1929 Indian half eagle is a key issue in the series today. PCGS and NGC have combined to certify a total of 579 examples in all grades, ranging from XF40 through MS65. Although most survivors are in Mint State grades, the 1929 is very rare in MS65 condition and no finer coins have been certified at either of the leading grading services (2/18), making this Plus-graded Choice example a good balance of value versus quality. The 1929 has always been a collector favorite and examples began appearing at auction at least as early as lot 1290 of the Carter-Dykstra-Street Collections (Thomas Elder, 6/1936). Recent sales include the MS64+ PCGS example in the FUN Signature (Heritage, 1/2017) that realized $70,501.

    The present coin is an attractive Choice example with the well-deserved Plus designation. The design elements are sharply detailed throughout and the well-preserved orange-gold surfaces radiate vibrant mint luster on both sides. This coin displays an often-seen feature of this issue, a reverse perimeter crease through the tops of the letters in the legend. Overall eye appeal is terrific. PCGS has graded 10 numerically finer examples (2/18).(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.

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    Auction Info

    Auction Dates
    March, 2018
    29th-31st Thursday-Saturday
    Bids + Registered Phone Bidders: 22
    Lot Tracking Activity: N/A
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