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1929 $5 Indian - PCGS MS63

8533

Availability: In stock

$33,000.00

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Details

Details

The final-year 1929 half eagle is the most significant rarity in the series, although its mintage of 662,000 coins would never lead one to suspect that was the case. The issue's lack of availability stems directly from the economic context in which it was produced. By October 1929, the American economy was in freefall -- a position it would remain in through the early to mid-1930s. The five dollar gold coin was not needed in circulation, and few 1929 half eagles were distributed to banks. Instead, the majority sat in Treasury vaults and were melted after 1933. This Select Uncirculated example is strongly struck throughout with mint luster that is softly frosted and radiates over the warm yellow-gold surfaces. PCGS Price Guide,..$43,500.

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