1822 Capped Bust Gold: The 1822 Capped Bust Gold $5 Half Eagle holds a special place in American numismatic history. With a limited mintage and an intriguing story, this coin is not only a symbol of wealth but also a fascinating piece for collectors and historians alike. Its rarity and historical significance make it a sought-after item among coin enthusiasts. In this article, we delve into the details of this remarkable coin, its origins, unique features, and its impact on the numismatic world.
History and Background
Origins of the Capped Bust Design
The Capped Bust design was first introduced by Mint Director Robert Patterson in 1795. This design, used on various denominations including the $5 Half Eagle, symbolized liberty and national pride. The Capped Bust motif was chosen to reflect the young nation’s determination to establish its own distinct identity in the world of currency and finance.
Rarity of the 1822 Capped Bust Gold $5 Half Eagle
The 1822 Capped Bust Gold $5 Half Eagle is one of the rarest coins ever minted in the United States. Only 17 examples are known to exist today, making it a highly coveted piece for collectors. The low production numbers were due to limited resources and the challenges faced by the U.S. Mint during the early 19th century.
Design Features
Obverse Design
The obverse of the 1822 Capped Bust Gold $5 Half Eagle features a depiction of Liberty, wearing a flowing cap adorned with stars. The word “Liberty” is inscribed above her head, and thirteen stars surround her image, symbolizing the original colonies.
Reverse Design
The reverse showcases an eagle perched on a shield with the words “UNITED STATES OF AMERICA” above and the denomination, “$5,” below. The eagle holds arrows in one talon and an olive branch in the other, symbolizing peace and strength.
Collecting the 1822 Capped Bust Gold $5 Half Eagle
Value and Scarcity
Due to its rarity, the 1822 Capped Bust Gold $5 Half Eagle commands high prices at auctions. In recent years, prices have exceeded millions of dollars for the finest examples. Its scarcity has made it a staple in the collections of high-end coin collectors and institutions alike.
Preservation and Authentication
The preservation of such a rare coin is critical. Collectors often seek coins graded by reputable organizations such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC) to ensure authenticity and quality.
Table: 1822 Capped Bust Gold $5 Half Eagle
| Attribute | Details |
|---|---|
| Year | 1822 |
| Mint | U.S. Mint |
| Denomination | $5 Half Eagle |
| Designer | John Reich (Obverse), William Kneass (Reverse) |
| Metal Composition | 89.92% Gold, 10.08% Copper |
| Weight | 8.36 grams |
| Diameter | 22.5 mm |
| Edge | Reeded |
| Mintage | 17 known examples |
| Estimated Value | Millions of dollars for top examples |
| Obverse Design | Liberty wearing a cap with stars, “Liberty” inscribed, 13 stars around the bust |
| Reverse Design | Eagle perched on a shield, “UNITED STATES OF AMERICA” above, “$5” below |
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FAQs
How many 1822 Capped Bust Gold $5 Half Eagles are known to exist?
Only 17 examples are known to exist.
Why is the 1822 Capped Bust Gold $5 Half Eagle so valuable?
Its rarity, limited mintage, and historical significance contribute to its high value.
What is the design of the 1822 Capped Bust Gold $5 Half Eagle?
It features a depiction of Liberty on the obverse and an eagle on the reverse.
How can collectors ensure authenticity when purchasing this coin?
Through grading by professional organizations like PCGS or NGC.
Where can I view the 1822 Capped Bust Gold $5 Half Eagle?
Many are held in museums or private collections, with some available for viewing at major coin shows.