Lot 1607
1929 $5 Indian PCGS MS65. PCGS graded MS-65. The 1929 half eagle is the final year of production for the Indian half eagle series. These have always been a popular key date, despite the generous mintage of 662,000 pieces, the vast majority were melted soon after they were released, and most were likely gathered up from banks as the Depression of 1929 started to really dig in. Few people could afford to hold onto a $5 coin as it represented a weeks wages for many people in that era. Today there are probably close to 800 of these that exist, most fall well short of the quality here despite being in Mint State, they wre not gently handled and many suffer from the expected cuts and nicks of bag transport. Gems have always been precious and few, with PCGS noting only 10 at that level in their Population Report. Importantly, there are none finer at either major grading service. It had been a dozen years since the last half eagle was struck for circulation in 1916, and thankfully for collectors more were produced in 1929, little knowing at the time that these 1929 coins would be final half eagles produced of this series. Frosty and well struck. Pop 10; none finer. Tied for the finest at either grading service (PCGS # 8533) Estimated Value $80,000-UP
Ex. US Gold from a prominent midwestern family collection.
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| Realized $102,813 |
