Coin Specifications

Category: Capped Bust $5 (1807-1834)
Mint: Philadelphia
Mintage: 33,875
Catalog: KM-38
Obverse Designer: John Reich
Reverse Designer: John Reich
Composition: Gold
Fineness: 0.9160
Weight: 8.7500g
AGW: 0.2577oz
Melt Value: $335.50 (4/17/2014)
Diameter: 25mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1809/8 $5 MS obverse 1809/8 $5 MS reverse

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Description & Analysis

John Reich came to the Mint as assistant engraver on April 1, 1807, and worked precisely one decade with no pay raise. Unsurprisingly, he left the Mint's employ after 10 years. During that time, he managed to redesign copper half cents and large cents, silver dimes, quarters, and half dollars (but not the half dime, which saw a coinage hiatus from 1805 to 1829, nor yet the silver dollar, not minted from 1803-1836), and gold quarter eagles and half eagles (but not the eagle, which had not been minted since 1804 and would not be again until 1838). Reich, a German immigrant, was the first Mint engraver to consistently include the denomination on all gold and silver coin designs. Reich also left his 'secret mark' on most coinage dies of the era, a notched star point (or more than one), usually on star 13. By 1815, Reich had managed to create a complete set of the circulating coins of the time with a common theme, the familiar Capped Liberty or Capped Bust design.

Bass-Dannreuther estimate that somewhere between 20,000 and 33,875 pieces of this issue were struck, all from a single die pairing. Although the 1809/8 is listed as an overdate and included in the Guide Book in that manner, some numismatists have doubted that the 9 is truly over an 8. From Bass-Dannreuther:

'As noted above, Bass doubted the overdate status of this variety, but traditionally it has been considered one. Tradition often wins over reality and, as noted, the author agrees with Bass, the overdate status of this variety is doubtful. There is something under the 9, but whether it is an 8 or remnants of an erroneously punched 9 is uncertain.'

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


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Price Guide

Last Updated: 8/15/2013

Click on a price to see historical prices, comparison charts and trends.

1809/8 $5 MS
Base $ 1050 1440 3400 4250 5750 5750 8650 9425 11600 13000 15400 16800 20200 30500 56250 158500 - - - - -
$ 6200 9500 10200 12000 14100 16500 18100 21700 33000 66000 175000 - - -
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Total Graded: 182
Low Grade: VF
Average Grade: 60
High Grade: 65

Upcoming Auctions

A random selection of NGC coins is shown below.

Auction House
Sale / Lot
4/17/2014 AU 53   Heritage Auctions Weekly World and Ancient Coin Auction Session(1), 231416/Lot# 63123
4/27/2014 AU Details  Heritage Auctions 2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago Session(6), 1204/Lot# 6305

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
11/26/2006 PCGS MS 69   Teletrade Auction 2291, 2291/Lot# 2469 $756.00
3/3/2008 NGC MS 62   David Lawrence Rare Coins Monday - Internet Auction # 225, 231/Lot# 3136 $17,250.00
9/6/2009 NGC MS 65   Goldberg September 6-8, 2009 Pre-Long Beach Coin and Currency Auction, 54/Lot# 3360 $83,375.00
3/31/2011 NGC MS 61   Stack's Bowers The March 2011 Baltimore Auction, 83/Lot# 6502 $12,075.00
10/13/2011 NGC MS 62   Heritage Auctions 2011 October 13-16 US Coins Signature Auction #1160- Pittsburgh Session(3), 1160/Lot# 4868 $16,100.00
10/18/2012 NGC AU 53   Heritage Auctions 2012 October 18-21 ANA US Coins Signature Auction - Dallas Session(4), 1175/Lot# 5833 $7,637.50
5/5/2013 PCGS MS 70   GreatCollections GreatCollections Coin Auctions 05/05/2013, 73/Lot# 112402 $2,090.00
7/27/2013 NGC MS 62   Stack's Bowers The August 2013 Chicago ANA World's Fair of Money , 192/Lot# 4480 $14,100.00

NGC Registry

NGC Registry Score 1809/8 $5 MS
1809/8 $5 MS Prooflike
Registry Image Gallery
Grade: MS 62
Points: 4375
Owner: scotty's gold
Grade: AU 58
Points: 3879
Owner: Nysoto
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