The Gold Five Dollar coin of the United States, also known as the Half Eagle, was a gold coin that was minted and circulated in the United States during various periods of its history. Here are some key points about the Gold Five Dollar coin:
Introduction: The Gold Five Dollar coin was first introduced in 1795, shortly after the establishment of the United States Mint. It was part of the original series of gold coins authorized by the Coinage Act of 1792.
Design: The design of the Gold Five Dollar coin underwent several changes throughout its history. The early coins featured designs such as the Turban Head, Capped Bust, and Classic Head. Later, the design was changed to the Liberty Head, which depicted Lady Liberty wearing a coronet inscribed with the word "LIBERTY." The reverse typically featured an eagle with outstretched wings.
Composition: The Gold Five Dollar coin was made of .900 fine gold, meaning it had a gold content of 90% and other alloy metals such as copper and silver to increase durability. The coin had a weight of approximately 8.36 grams.
Denomination: The denomination of the Gold Five Dollar coin was indicated as "FIVE D." on the reverse side of the coin, representing its value in dollars.
Historical Context: The Gold Five Dollar coin played a crucial role in the American economy during the 19th and early 20th centuries. It was used for everyday transactions and was also popular for international trade.
Cessation: Production of the Gold Five Dollar coin ceased in 1929 due to the economic challenges of the Great Depression and the subsequent abandonment of the gold standard in the United States.
Numismatic Value: Gold Five Dollar coins are highly sought after by collectors due to their historical significance, limited availability, and intrinsic value as gold bullion. Some rare or well-preserved specimens can command high prices in the numismatic market.
Overall, the Gold Five Dollar coin is a cherished part of American numismatic history, representing the country's growth, prosperity, and monetary evolution over the years.