LOT Heritage Rare Coin Galleries  /  2007 Signature Coin - Charlotte, NC #432  / 

2030

1929 $5 MS64 PCGS. The final issue of the series, and

Currency:USD Category:Coins & Paper Money / US Coins Start Price:2.00 USD Estimated At:1.00 - 1,000,000.00 USD
1929 $5 MS64 PCGS. The final issue of the series, and
<B>1929 $5 MS64 PCGS.</B></I> The final issue of the series, and thus the denomination among regular issue coinage. Of course, the five dollar denomination was revived for the modern commemorative coins in 1986, and the same denomination has been assigned to the tenth-ounce gold eagles also beginning in 1986, although this denomination is more of an honorary position on these recent products. Throughout 1929, only quarter eagles, half eagles, and double eagles were minted, and today only the quarter eagle is a common date. Half eagles and double eagles are both rare, although the half eagles do not command the same price as the larger coin. This is not as much a function of the number of pieces known as it is a function of the relative populations of these two series.<BR> It is our opinion that there may be as many as 2,000 of these 1929 half eagles still surviving today. This means that 660,000 of these coins have perished, and most were probably never released from the Treasury or from banks around the country. Most likely, all undistributed examples of this date were returned to the Treasury vaults to await their eventual fate in the melting pot.<BR> This near-Gem specimen is sharply struck and highly lustrous with frosty yellow-gold surfaces on both sides. A few insignificant ticks are seen on the devices, and it is these that prevent a Gem grade for this beauty. Population: 98 in 64, 8 finer (1/07).<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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