Coin Specifications

Category: Indian Head $5 (1908-1929)
Mint: Philadelphia
Mintage: 662,000
Catalog: KM-129
Obverse Designer: Bela Lyon Pratt
Reverse Designer: Bela Lyon Pratt
Composition: Gold
Fineness: 0.9000
Weight: 8.3590g
AGW: 0.2419oz
Melt Value: $315.73 (7/24/2014)
Diameter: 21.6mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1929 $5 MS obverse 1929 $5 MS reverse


  
Expand All    Collapse All

VarietyPlus®

There are no varieties for this coin.

Description & Analysis

With a substantial mintage of 662,000 pieces, one would not expect the 1929 half eagle to be a scarce coin. Mintage notwithstanding, the issue is decidedly scarce today, especially in circulated grades. In United States Gold Coins an Analysis of Auction Records, David Akers made the following observations: 'The 1929 is a rare date, the rarest in the Indian Head Half Eagle series from the standpoint of total number of specimens available. However, since almost all known specimens are AU or uncirculated, many of them very choice, the 1929 is not nearly as difficult to obtain in mint state as most of the mintmarked dates of the series. I would estimate that several hundred specimens exist and the majority of them are fairly choice.' Recent population data from third-party grading services seems to support Akers' observations, when adjusted for resubmissions.

The reason for the scarcity of this date is undoubtedly the gold recall of the 1930s. In 1929, half eagles had not been minted for 13 years, and the denomination was never produced afterward. Clearly, the coins saw no demand from the general public, and most examples remained in Treasury vaults or banks. When Roosevelt issued his Presidential Order to recall all non-numismatic gold coins, the great majority of 1929 half eagles were turned in to be melted.

The rarity of the 1929 half eagle was not recognized until an example appeared in the Flanagan Collection (Stack's, 3/1944), lot 1195. The cataloger described the coin as, '1929 Last year of issue, brilliant uncirculated, very rare. (75.00).' When this lot was called, a spirited bidding war ensued. Instead of the estimated $75, the lot closed at $225, an extremely large sum at the time. The reputation of the 1929 half eagle as a rare and desirable coin was established, and has not subsided to this day.

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


GRADE SUMMARY

Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation

 
NGC PRICE GUIDE
NGC CENSUS*
AUCTION PRICES REALIZED
NGC REGISTRY
SCORE

Select Grade

*To view the Census details for this coin, please sign in or sign up.

Price Guide

Last Updated: 7/14/2014

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

1929 $5 MS
  GVGFVF4045505355586061626364656667686970
Base $ - - - - 15000 15000 17500 19500 23500 30000 33000 35500 39500 51000 72000 118000 - - - - -
$ 16000 18500 21000 26000 32500 35000 37500 44000 65000 88000 - - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 221
Low Grade: 53
Average Grade: 62
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
4/22/1994 NGC MS 64   Heritage Auctions 1994 Santa Clara Bullet Sale #118, 118/Lot# 427 $6,050.00
10/5/1994 NGC MS 64   Heritage Auctions 1994 October Long Beach Bullet Sale #125, 125/Lot# 618 $7,040.00
11/13/2000 NGC MS 63   Teletrade Auction 1377, 1377/Lot# 1641 $7,174.00
2/10/2008 PCGS MS 64   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 2430 $33,350.00
11/3/2010 NGC MS 64   Stack's Bowers The November 2010 Baltimore Auction, 44/Lot# 5188 $42,550.00
12/8/2010 PCGS MS 64   Bonhams Coins and Banknotes, 18404/Lot# 2348 $42,120.00
7/15/2012 PCGS MS 62   GreatCollections GreatCollections Coin Auctions 07/15/2012, 31/Lot# 63255 $30,800.00


NGC Registry

NGC Registry Score 1929 $5 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base23922597298034674336543556135783615863876705690371007649931810129109051175412937258423133453670
2460272431423756470254945669590862346493677169687283820595881038711188121481723827672387790
000000566959086234649367716968728382059588103871118812148172382767200
000000572660336310659968377034746687619858106461147112542215402950300
Registry Image Gallery

No Images Found

Related Articles

Counterfeit Detection: Fake $5 Indian Lacks Details

1/12/2010  — The missing details on this $5 Indian reveal it to be counterfeit.
View full article >


NGC Auction Central Disclaimer