The Half Eagle coin, valued at $5, was first minted in 1795 and is one of the oldest denominations in U.S. coinage. With its rich history and numerous design changes, the Half Eagle has played a significant role in American numismatics. This coin not only represents a substantial value in gold but also reflects the evolving artistry and craftsmanship of the United States Mint over more than a century.
Why it Started
The Half Eagle was introduced in 1795 as part of the early efforts of the United States Mint to establish a stable and standardized national currency. The $5 denomination provided a practical and valuable medium for both everyday transactions and larger economic exchanges. Its gold content helped ensure trust and value in the nascent American financial system, supporting both domestic commerce and international trade.
Why it Ended
The production of the Half Eagle ended in 1929, largely due to changes in economic conditions and monetary policies. The Great Depression and the subsequent Gold Reserve Act of 1934, which required citizens to exchange their gold coins for paper currency, marked the end of gold coinage for circulation. The transition away from gold coins was part of a broader move towards a fiat currency system, aimed at providing more flexibility and stability in the national economy.
| Years | Species | Front | Back | Evolve |
|---|---|---|---|---|
| 1795-1807 | Capped Bust Small |  |
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| 1795-1798 | Capped Bust Heraldic |  |
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| 1834-1838 | Classic Head |  |
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| 1839-1908 | Liberty Head |  |
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| 1908-1929 | Indian Head |  |
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