Coin Specifications

Category: Capped Bust $5 (1807-1834)
Mint: Philadelphia
Mintage: 17,340
Catalog: KM-43
Obverse Designer: John Reich
Reverse Designer: John Reich
Composition: Gold
Fineness: 0.9160
Weight: 8.7500g
AGW: 0.2577oz
Melt Value: $312.93 (9/30/2014)
Diameter: 25mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1824 $5 MS obverse 1824 $5 MS reverse


Images courtesy of Heritage Auctions (HA.com)
  
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VarietyPlus®

There are no varieties for this coin.

Description & Analysis

Put in its simplest terms, few coins of any denomination have a decade of production and low survival such as seen in the case of half eagles from the 1820s. Very few collectors have attempted or completed such a set. Indeed, only one such set could be completed since there are only three 1822 half eagles known, of which two are impounded in the Smithsonian and only one is in private hands. The story is well-known and has been oft-repeated how meltings took a heavy toll on these coins as their bullion content was actually worth more than their face value. The 1824 gives a graphic demonstration of how severely these meltings affected this series. The recorded mintage of the 1824 five dollar was 17,340 pieces. Today it is believed that fewer than 20 coins exist.

As a way to underscore the rarity of the 1824, Harry Bass owned only one example of this date. Only one variety is known of the 1824 and, like all the gold coins he collected, Harry made a study of the characteristics of the dies used to strike this date. The study of his single coin led him to the conclusion that the cap surface was the same on this date as used on fives from 1821. Even with only one coin in his collection and probably fewer than 20 pieces known today, Bass was able to make this observation. John Dannreuther was also able to interpret the meaning of Bass' findings and expound upon them in the BD reference:

'he (Bass) indicated has the obverse die with the old-style cap used in 1822 and prior (really 1818-1822, as the Reich hub was used 1813-1815 with no coins dated 1816 or 1817). The differences in these head punches are subtle, even direct comparison between them shows little difference between the two, three, or four heads. The main two heads are the 1813-1815 one and the 1818-1829 one. The others reported are likely modifications of the Scot head, the second one used for 1818 through the end of the type in 1829.'

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: 8/29/2014

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1824 $5 MS
  GVGFVF4045505355586061626364656667686970
Base $ - - 10000 21500 31500 31500 38000 42500 49000 53500 61500 70000 92500 140000 175000 320000 - - - - -
$ - - - - - - - - - - - - - -
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Census

 
NGC GRADE SUMMARY

Total Graded: 16
Low Grade: 50
Average Grade: 61
High Grade: 65


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
2/5/2006 PCGS MS 64   Goldberg February 5-8, 2006 Pre-Long Beach Coin and Currency Auction, 34/Lot# 1069 $115,000.00
2/4/2009 PCGS MS 63   Heritage Auctions 2009 February Long Beach, CA Signature US Coin Auction #1122, 1122/Lot# 2685 $126,500.00
8/11/2011 NGC AU 53   Heritage Auctions 2011 August Chicago Signature US Coin & Platinum Night Auction Session(5), 1158/Lot# 7543 $31,050.00
1/3/2012 PCGS MS 63   Heritage Auctions 2012 January 4-8 US Coins & Platinum Night FUN Signature Auction- Orlando Session(5), 1166/Lot# 4675 $126,500.00
1/8/2014 NGC MS 65   Heritage Auctions 2014 January 8 - 12 FUN US Coin Signature Auction - Orlando Session(3), 1201/Lot# 5430 $199,750.00


NGC Registry

NGC Registry Score 1824 $5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base25912808303832814565556360896545695171987543775679608686945010515141181732421645275473571947194
2663288431193709489757386241668070337313761478248202894098051171615186187642361230271395440
000000624166807033731376147824820289409805117161518618764236123027100
0000006393681571157428768578928444919510160129171625520204255793299500
1824 $5 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base27172941317934314756578363246794721074657818803882478992977610867145561783422246282643658848261
27913020326338725098596364806932729575827891810784959253101391209615648193042425231038404790
0000006480693272957582789181078495925310139120961564819304242523103800
0000006637707173807700796481778743951410503133261674120775262583381300
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