The 1798 Turban Head Gold $5 Half Eagle is a fascinating relic from the early days of the United States Mint. Known for its historical significance and intricate design, this coin stands out as a prized collector’s item. Let’s explore its origins, design features, rarity, and current value in the numismatic world.
What is the 1798 Turban Head Gold $5 Half Eagle?
The 1798 Turban Head Half Eagle is a $5 gold coin minted by the United States Mint in the late 18th century. This coin is part of the broader Turban Head series, which ran from 1795 to 1807. Its name comes from the coin’s obverse design, featuring a rendition of Lady Liberty adorned with a cap resembling a turban.
Design Features of the 1798 Half Eagle
- Obverse Design:
- The obverse features Lady Liberty facing right.
- She wears a turban-like cap, symbolizing freedom and classical style.
- Encircling her image are 13 stars representing the original 13 American colonies.
- The year “1798” is inscribed below the portrait.
- Reverse Design:
- The reverse displays a majestic eagle with an outspread wingspan.
- A shield covers the eagle’s chest, representing strength and protection.
- Surrounding the eagle are the words “UNITED STATES OF AMERICA.”
- The denomination “5 D.” is displayed beneath the eagle.
Mintage and Rarity
The 1798 Turban Head Half Eagle is considered a rare coin due to its low mintage numbers and the challenges of preserving gold coins over centuries. There were only 24,867 coins minted that year, and fewer remain in existence today.
Factors Contributing to Rarity:
- Gold Content: Many coins were melted down over the years for their gold value.
- Historical Significance: Being one of the early coins of the U.S. Mint adds to its desirability.
- Condition Sensitivity: Coins in higher grades (Mint State) are especially rare.
Value and Grading
The value of the 1798 Turban Head Gold $5 Half Eagle varies greatly depending on its condition. Graded coins often fetch premium prices due to their verified authenticity and preservation.
| Grade | Approximate Value (USD) |
|---|---|
| Good (G-4) | $15,000 – $20,000 |
| Very Fine (VF-20) | $30,000 – $50,000 |
| Extremely Fine (EF-40) | $80,000 – $120,000 |
| Mint State (MS-60+) | $200,000+ |
Note: Prices may fluctuate based on market trends and auction results.
Historical Context
The 1798 Half Eagle was minted during a time of significant growth and change in the United States. The Mint was still in its infancy, having been established only a few years prior in 1792. Gold coins like this one were not just currency but symbols of the nation’s newfound independence and economic ambitions.
How to Authenticate a 1798 Turban Head Half Eagle
Given its high value, authentication is crucial. Here’s what collectors should check:
- Weight: The coin should weigh approximately 8.75 grams.
- Diameter: It measures about 25 mm.
- Edge Design: Features a reeded edge.
- Grading Certification: Seek certification from trusted entities like PCGS or NGC.
Why Collectors Prize the 1798 Half Eagle
Collectors value this coin for multiple reasons:
- Historical Legacy: It connects them to the early days of American history.
- Investment Potential: Its rarity and gold content make it a sound investment.
- Aesthetic Appeal: The intricate designs reflect the artistry of the era.
Conclusion
The 1798 Turban Head Gold $5 Half Eagle is more than a coin; it is a piece of American heritage. Its rarity, intricate design, and historical significance make it a prized possession for collectors and investors alike. Whether you’re a history enthusiast or a numismatist, this coin embodies the rich legacy of the United States Mint.
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FAQs
1. Why is the 1798 Half Eagle called a “Turban Head”?
The name comes from Lady Liberty’s cap, which resembles a turban in its artistic style.
2. How many 1798 Half Eagles still exist today?
It is estimated that fewer than 2,000 coins remain, many of which are in lower grades.
3. What is the gold purity of the 1798 Half Eagle?
The coin is composed of 91.67% gold and 8.33% copper.