Lot 1866
1929 $2.50 Indian. NGC graded MS-63. Lovely golden toning this coin too has deep vivid shades of "old gold" from never having been cleaned. A beautiful example of the rare last year of issue, and a key date.
The 1929 Half Eagle is a perfect example where the original mintage is a misleading indicator of how truly scarce a coin is. Mintage was listed as 662,000; however, the great bulk of these must have stayed with the Treasury or been locked in bank vaults, as only a few hundred remain. Most are believed to have been melted in 1934 and later years after the government "nationalized" (seized) the gold coins held in trust for the American public and recast them into 400-ounce gold ingots. Few collectors of the day realized the consequence of this seizure and so only the brightest retained any 1929 Half Eagles for their collections.
Estimated Value $725 - 800.
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| Realized $782 |
