The 1822 Capped Head Half Eagle Coin is one of the rarest and most valuable coins in American history. Valued at over $8,400,000, this coin is a symbol of both numismatic and historical significance. With only three known specimens today, the 1822 Half Eagle is often referred to as the “Holy Grail” of U.S. coins.
What is the 1822 Capped Head Half Eagle?
The 1822 Half Eagle is a $5 gold coin produced by the United States Mint during the early 19th century. Its rarity and exceptional value stem from its limited mintage and the survival of only a handful of examples.
Key Features of the 1822 Capped Head Half Eagle
Obverse (Front)
- Capped Liberty Design: Features Lady Liberty wearing a turban-like cap with “LIBERTY” inscribed.
- 13 Stars: Surround Lady Liberty, symbolizing the original 13 colonies.
Reverse (Back)
- Heraldic Eagle: Depicts a bald eagle clutching arrows and an olive branch, with a shield on its chest.
- Inscriptions: Includes “UNITED STATES OF AMERICA” and “5 D.”
Why is the 1822 Half Eagle So Valuable?
1. Extreme Rarity
Only three known examples exist, making it one of the rarest coins in U.S. history. Two are part of the Smithsonian Institution’s National Numismatic Collection, leaving only one in private hands.
2. Historical Importance
This coin was minted when the U.S. was transitioning into a stronger, more unified nation, adding to its historical appeal.
3. Limited Survival
Most of the 1822 Half Eagles were melted down during later gold recalls, leaving only a few intact.
4. High Gold Content
Contains approximately 0.2419 troy ounces of gold, adding intrinsic value.
Notable Sales of the 1822 Half Eagle Coin
| Year | Buyer | Sale Price | Condition | Type |
|---|---|---|---|---|
| 1982 | Private Collector | $700,000 | MS-63 | Capped Head Half Eagle |
| 2015 | Auction House | $4,600,000 | AU-58 | Capped Head Half Eagle |
| 2021 | Anonymous Buyer | $8,400,000 | MS-65 | Capped Head Half Eagle |
The Rarity of the 1822 Half Eagle
Out of the original mintage of 17,796 coins, almost all were melted down or lost. Today, the survival of just three known specimens makes this coin unparalleled in rarity.
How to Identify an 1822 Capped Head Half Eagle
1. Weight and Composition
- Weighs 8.75 grams and is composed of 90% gold and 10% copper.
2. Diameter
- Measures 25 mm in diameter, consistent with early U.S. Half Eagles.
3. Professional Certification
- Genuine examples are certified by top grading agencies such as PCGS and NGC, ensuring authenticity.
Fascinating Facts About the 1822 Half Eagle
- Smithsonian’s Gems: Two of the three known coins are part of the Smithsonian Institution’s collection.
- Record Auction: The privately held specimen fetched a record $8.4 million in 2021, highlighting its unmatched value.
- Capped Head Design: This design was only produced from 1813 to 1834, making it a highly collectible series.
Conclusion
The 1822 Capped Head Half Eagle Coin is a numismatic marvel, cherished for its rarity and historical importance. With a value exceeding $8,400,000, it stands as a testament to American craftsmanship and history. Whether you’re a collector or a history enthusiast, this coin represents a piece of U.S. heritage that few will ever have the privilege to own.
FAQs
1. How many 1822 Half Eagle coins exist today?
Only three known examples are confirmed: two in the Smithsonian and one in private hands.
2. Why is this coin called the Capped Head Half Eagle?
It is named after its obverse design, featuring Lady Liberty with a capped head.
3. How much gold is in the 1822 Half Eagle?
The coin contains approximately 0.2419 troy ounces of pure gold.
4. Can I find an 1822 Half Eagle today?
It is highly unlikely due to its extreme rarity. The only privately owned specimen is already in the hands of a collector.
5. What factors determine the value of the 1822 Half Eagle?
Its rarity, historical significance, condition, and provenance all contribute to its staggering value.