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: $315.91 (9/18/2014)
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: 9/9/2014

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

1809/8 $5 MS
Base $ 1075 1475 3450 4500 6000 6000 9100 10150 12250 14750 15400 16800 20750 31500 57000 160000 - - - - -
$ 6500 9750 11000 12750 15250 - - - 36500 72500 - - - -
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Total Graded: 179
Low Grade: VF
Average Grade: 60
High Grade: 65

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
6/2/2005 NGC AU 58   Heritage Auctions 2005 June Long Beach Signature Auction #376, 376/Lot# 7747 $6,612.50
11/26/2006 PCGS MS 69   Teletrade Auction 2291, 2291/Lot# 2469 $756.00
1/29/2007 PCGS MS 70   Teletrade Auction 2320, 2320/Lot# 1970 $2,016.00
9/19/2010 NGC MS 62   Goldberg September 19-21, 2010 Pre-Long Beach Coin Auction, 60/Lot# 2848 $13,800.00
10/17/2012 PCGS AU 58   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 3268 $10,925.00
2/9/2014 PCGS AU 55   GreatCollections GreatCollections Coin Auctions 02/09/2014, 171/Lot# 167851 $9,131.10
8/3/2014 PCGS VF 35   David Lawrence Rare Coins Internet Auction # 815, 824/Lot# 774 $6,150.00

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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