The 1828 Capped Bust Gold $5 Half Eagle is a significant coin in American numismatics. Produced by the United States Mint, this coin features a unique design and has a rich history that appeals to collectors and history enthusiasts alike. Understanding its features, historical context, and value can enhance your appreciation of this remarkable piece of American currency. In this article, we will explore the Capped Bust design, its minting history, the coin’s value, and more.
Overview of the Capped Bust Gold Half Eagle
The Capped Bust Gold Half Eagle was part of a series of coins minted from 1795 to 1834. The design features a profile of Liberty wearing a cap, symbolizing freedom. The 1828 version is especially noteworthy due to its rarity and historical significance.
| Attribute | Details |
|---|---|
| Year | 1828 |
| Mint Mark | No mint mark (Philadelphia Mint) |
| Composition | 90% gold, 10% copper |
| Diameter | 23 mm |
| Weight | 8.36 grams (0.2438 troy ounces) |
| Designer | John Reich |
| Mintage | Approximately 37,300 |
| Obverse Design | Capped bust of Liberty |
| Reverse Design | An eagle with a shield and stars |
Design Features
Obverse Design
The obverse of the 1828 Capped Bust Gold Half Eagle features the iconic image of Liberty. Liberty is depicted with flowing hair and a cap, symbolizing freedom. The word “LIBERTY” is inscribed above her head, with the year of minting, “1828,” below.
Reverse Design
The reverse displays a majestic eagle, a symbol of the United States, perched on a shield. The eagle holds arrows and an olive branch, representing strength and peace. Surrounding the eagle are 13 stars, representing the original colonies.
Historical Context
The Capped Bust series was created during a time of significant change in the United States. The nation was expanding westward, and economic growth was in full swing. Gold coins were essential for commerce, and the Capped Bust design was part of efforts to create a more standardized currency.
In 1828, the U.S. Mint began refining its processes to produce more consistent coins. The Capped Bust Gold Half Eagle was a response to these changes, showcasing improved craftsmanship and design.
Rarity and Value
The 1828 Capped Bust Gold $5 Half Eagle is relatively rare, with an estimated mintage of only 37,300 coins. Its scarcity makes it highly sought after by collectors. The value of this coin can vary significantly based on its condition, rarity, and market demand.
Current Market Value
- Fine Condition: $700 – $1,000
- Very Fine Condition: $1,000 – $2,000
- Extremely Fine Condition: $2,000 – $4,000
- Uncirculated Condition: $4,000 and above
Conclusion
The 1828 Capped Bust Gold $5 Half Eagle is more than just a coin; it represents a piece of American history. Its elegant design and historical significance make it a valuable item for collectors and history buffs alike. Understanding its features, value, and context helps deepen our appreciation for this remarkable coin. If you’re interested in numismatics, the Capped Bust Half Eagle is a fascinating area to explore, full of stories and treasures waiting to be uncovered.
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FAQs
1. What is the Capped Bust Gold Half Eagle made of?
The Capped Bust Gold Half Eagle is made of 90% gold and 10% copper.
2. How many 1828 Capped Bust Gold Half Eagles were minted?
Approximately 37,300 coins were minted in 1828.
3. Why is the 1828 Capped Bust Gold Half Eagle significant?
It is significant due to its unique design, historical context, and rarity in the coin-collecting market.
4. How can I determine the value of my 1828 Capped Bust Gold Half Eagle?
The value depends on its condition, rarity, and current market demand. Consulting a professional coin dealer or appraiser can help.
5. Where can I buy or sell an 1828 Capped Bust Gold Half Eagle?
You can buy or sell this coin through reputable coin dealers, online auction sites, and coin shows.