1795 $5 Gold American Eagle Coin |
1795 $5 PCGS AU50
If you’ve ever wondered what the first gold coins issued by the United States looked like, then look no further.
Austin Rare Coins and Bullion just placed this gorgeous 1795 Capped Bust Right $5 gold coin with a local client, graded by PCGS in About Unc 50 condition. This type was struck from 1795 to 1798 and depicts a capped lady liberty, facing right on the obverse, with the date underneath and surrounded by 13 stars.
The reverse is unique to the earliest gold coins—a small or “weak” eagle holding a wreath in its beak and an olive branch in its talons.
These coins were made in incredibly small quantities. This first year of issue saw just 8,707 coins struck, and it’s estimated that under 500 exist in all grades combined today. Most have been damaged or improperly cleaned over the years, so finding an unimpaired example like this is a rare occurrence. Coins such as these have always been highly prized by investors and collectors alike, so we were thrilled to have located and placed this example in a prominent Austin, TX collection.
If you’d like to learn more about this fascinating and rare part of the coin market, call us; we’re happy to help. Call 1-800-928-6468