Indian Half Eagles
1929 $5 MS64 NGC. The Indian Head half eagle series was short-lived. Yet, it comprised a number of highly elusive dates, none more so than the 1929. Although the 1909-O is perhaps more recognizable to the uninitiated thanks to its low mintage of 34,200 coins, the 1929 is rarer in the absolute sense with a survival rate approximately 50% lower than its New Orleans counterpart. The Mint struck 662,000 five dollar gold pieces that year, but nearly the entire mintage was held in reserve and eventually melted after the Gold Recall of 1933. Coins that avoided the melting pot are apt to be found in AU to Uncirculated condition, generally MS61 to MS63. Anything finer than this Choice representative is very rare and may well command in excess of six figures.
This frosted key date representative presents mixed sun-gold and rose shadings. Minor strike softness occurs on the highest points of the headdress, but the eagle's feathers are uniformly sharp. The exposed fields display lightly scattered marks of little consequence. A prime final-year rarity with only seven finer submissions at NGC (1/17).
HID02901242017