Coin Specifications

Category: Capped Bust $5 (1807-1834)
Mint: Philadelphia
Catalog: KM-38
Obverse Designer: John Reich
Reverse Designer: John Reich
Composition: Gold
Fineness: 0.9160
Weight: 8.7500g
AGW: 0.2577oz
Melt Value: $313.62 (9/21/2014)
Diameter: 25mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
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1810 LG DATE LARGE 5 $5 MS obverse 1810 LG DATE LARGE 5 $5 MS reverse


  
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Description & Analysis

Half eagles, like half dollars, are inextricably linked as the workhorse denominations of early gold and silver coinage. However, gold unlike silver, was not available in the early days of the Republic. This was expounded upon in an article in a December 1985 Coins magazine by Earl Caldwell:

'The half eagle was viewed by the founding fathers as an integral part of the nation's future circulating coinage. When the mint was established April 2, 1792, the legislation contained provisions for three gold coins. ... Because it was one of the first coins authorized, it seems clear that Congress and President Washington felt certain the half eagle would have a place in our coinage.

'This was further shown in the mint's early days. At the time, the mint had no way of supplying metal from which to make coins. Mint officials were forced to shop all over the world to find acceptable supplies of copper for smaller denominations. Great Britain, so recently a deadly foe, became a major force.

'Bad as it might seem, it was even worse when it came to acquiring silver and gold. Silver could be obtained by melting foreign coins, which were abundant in circulation. Gold, however, was a troublesome situation, there were hardly large quantities of gold coins floating through the channels of commerce. ...

'It took almost three years before there was any gold at the mint. A Boston merchant named Moses Brown showed up at the door one day with gold bullion--$2,276.22 in all--for the first recorded sale to the new government.

'Whatever gold may have been on hand was clearly not enough to justify production of gold coins. With the Brown deposit, that situation changed, and the wheels were set in motion for the first U.S. gold coins.'

By 1810, the half eagle was still seldom seen in commerce, but the denomination had gone through several design changes. The Capped Bust Left design was engraved by John Reich in 1807 and ran through 1812. In 1810, four date and denomination variants were struck. Of those, the Large Date/Large 5 is the variety usually encountered for the year.

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


GRADE SUMMARY

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Price Guide

Last Updated: 8/28/2014

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1810 LG DATE LARGE 5 $5 MS
  GVGFVF4045505355586061626364656667686970
Base $ - 1600 3450 4450 6000 6000 8750 9600 11000 12750 14500 16250 18750 28500 44500 132500 245000 - - - -
$ 6500 9400 10250 11750 13750 - - - - - - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 244
Low Grade: VF
Average Grade: 60
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/3/1993 NGC MS 62   Heritage Auctions Long Beach Bullet #100, 100/Lot# 530 $6,325.00
10/23/1996 NGC AU 58   Teletrade Auction 0887, 887/Lot# 1904 $3,165.00
1/1/2013 PCGS MS 62   Stack's Bowers The January 2013 Americana Sale, 180/Lot# 13313 $16,450.00
2/3/2013 NGC   Goldberg February 3-6, 2013 The Pre-Long Beach Auction, 72/Lot# 1739 $3,795.00
2/22/2013 PCGS AU 55   Stack's Bowers The March 2013 Baltimore Auction, 181/Lot# 4186 $11,162.50
4/24/2013 NGC AU 53   Heritage Auctions 2013 April 24 - 28 CSNS US Coin Signature Auction - Chicago Session(7), 1184/Lot# 5735 $6,462.50
11/10/2013 NGC AU 53   GreatCollections GreatCollections Coin Auctions 11/10/2013, 100/Lot# 141630 $6,832.20


NGC Registry

NGC Registry Score 1810 LG DATE LARGE 5 $5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base111212423022643314935643675374738523919401643195158624897891085413963183012444333256
11708218324152811328736013699378238743951411745985521742810144118901540920348273800
00000032873601369937823874395141174598552174281014411890154092034800
00000034253638372338173896398342184878588486081049912926168552239500
1810 LG DATE LARGE 5 $5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base1111111111111111111111
1111111111111111111110
0000001111111111111100
0000001111111111111100
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