Classic Head $5 (1834 - 1838)

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Classic Head $5 Gold Coin (1834–1838): A Rare Gem of American Numismatics

The Classic Head $5 Half Eagle stands as a significant milestone in U.S. coinage history, symbolizing a pivotal era of monetary reform and artistic innovation. Redesigned by William Kneass following the Coinage Act of 1834, this gold coin is both a collector’s favorite and a numismatic treasure.

Key Specifications

  • Designer: William Kneass
  • Issue Dates: 1834–1838
  • Composition: 89.92% gold, 10.08% copper
  • Diameter: 22.5 mm
  • Weight: 8.36 grams (129.01 grains)
  • Edge: Reeded
  • Business Strike Mintage: 2,113,612
  • Proof Mintage: Fewer than 50

Design Highlights

Obverse

The obverse of the Classic Head $5 Half Eagle features Miss Liberty facing left. Her flowing hair is tied with a band inscribed LIBERTY, surrounded by stars, with the date prominently displayed below. The design exudes a timeless elegance reflective of the early 19th century.

Reverse

The reverse showcases a majestic eagle, its breast adorned with a shield, perched on an olive branch and clutching three arrows. Surrounding the design are the inscriptions UNITED STATES OF AMERICA and 5 D. Unlike earlier versions, the motto E PLURIBUS UNUM was omitted, aligning with the simplified aesthetics of the Classic Head series.

Historical Significance

The redesign of the half eagle in 1834 coincided with a reduction in the gold content mandated by the Act of June 28, 1834. This adjustment was intended to bring the coin’s face value in line with its intrinsic value, curbing the widespread melting of gold coins for bullion. The Classic Head design was a direct result of this reform and represents a turning point in U.S. coinage history.

Minting and Rarity

Philadelphia Mint production dominated the series, with smaller quantities struck at Charlotte and Dahlonega in 1838, both of which are particularly scarce and highly coveted by collectors. Despite relatively high mintage numbers, many coins were lost to circulation and melting, making surviving examples increasingly valuable.

Collectibility and Investment Value

For collectors, the Classic Head $5 Half Eagle is a cornerstone of any early American gold type set.

  • Grades from Very Fine (VF) to Extremely Fine (XF): Readily available for Philadelphia issues.
  • About Uncirculated (AU) Coins: Scarce and desirable.
  • Uncirculated Examples: Rare and command premium prices.
  • Superb Uncirculated Coins: Extremely rare and highly sought after.

While examples from the Philadelphia Mint are more accessible, coins from Charlotte (C) and Dahlonega (D) are rare gems that can elevate any collection.

Why Add a Classic Head $5 Gold Coin to Your Collection?

  1. Historic Appeal: This coin reflects a significant period of U.S. monetary reform and numismatic artistry.
  2. Iconic Design: William Kneass’s elegant depiction of Liberty and the eagle embodies classic American craftsmanship.
  3. Investment Potential: With limited surviving examples and rising demand, these coins hold exceptional long-term value.
  4. Versatility: Suitable for both type collectors and investors, offering an excellent blend of history and rarity.

Find Your Classic Head $5 Gold Coin at ParadimeCoins.com

At ParadimeCoins.com, we offer a carefully curated selection of Classic Head $5 Half Eagles, perfect for collectors and investors alike. Explore our inventory today and secure a piece of U.S. history that combines timeless beauty with lasting value.