The Coronet $5 gold half eagle series, a cornerstone of American numismatics, was minted from 1839 to 1908. It underwent significant design changes over its long history, including the addition of the motto IN GOD WE TRUST in 1866. This design, termed Type II or the “With Motto” variety, reflects the evolution of U.S. coinage and offers collectors a journey through decades of rich history.
While some collectors find the series intimidating due to its length and complexity, delving into it provides a rewarding glimpse into America’s past. Heritage Auctions recently highlighted this with an unusual 1891-CC $5 piece, graded Mint State 62 by Numismatic Guaranty Co. (NGC). This piece, known for its caramel-gold hues with accents of peach and cherry-red patina, achieved $3,120. Its appeal lies in its repunched date and attractive aesthetic, making it a standout among collectors.
| Feature | Details |
|---|---|
| Series Start | 1839 |
| Design | Christian Gobrecht’s design featuring Liberty with a coronet on the obverse and a heraldic eagle on the reverse. |
| Motto Addition | IN GOD WE TRUST added in 1866, creating the “With Motto” (Type II) variety. |
| End of the Series | 1908, replaced by the Indian Head $5 gold coin. |
| Key Varieties | No Motto (1839–1866) and With Motto (1866–1908). |
| Notable Mint Marks | Includes coins from various mints, particularly Carson City (CC) which are rarer and more valuable. |
| Price Range | Can range from hundreds to thousands of dollars, depending on condition, mint mark, and rarity. |
| Notable Coins | 1891-CC $5 example graded MS-62, sold for $3,120 in a Heritage auction. |
History of the Coronet $5 Gold Half Eagle
The Beginning: 1839 and Beyond
The Coronet $5 gold half eagle series began in 1839, designed by Christian Gobrecht. This coin’s obverse features Liberty wearing a coronet inscribed with “LIBERTY,” while the reverse showcases a heraldic eagle clutching an olive branch and arrows. Its design remained largely consistent but reflected evolving minting techniques and national values.
The Addition of the Motto: 1866
In 1866, the motto IN GOD WE TRUST was added above the eagle on the reverse, signifying the nation’s growing emphasis on faith during the Civil War era. This marked the start of the Type II or “With Motto” design.
Collectors often divide the Coronet $5 gold half eagle series into two major subcategories:
- No Motto (1839–1866): Coins without the added inscription.
- With Motto (1866–1908): Coins featuring the motto above the eagle.
The Appeal of the 1891-CC $5 Gold Half Eagle
Key Features
The 1891-CC half eagle is a standout in the Coronet series. Struck at the Carson City Mint, it represents the rich mining history of the American West. This particular coin, graded MS-62, is notable for its vibrant coloration, combining caramel-gold, peach, and cherry-red hues.
Repunched Date and Value
A unique feature of this coin is its repunched date, with the second “1” in “1891” slightly repunched northward. Such details are rare and highly sought after, adding to the coin’s desirability.
Challenges and Rewards of Collecting the Series
Why Some Collectors Hesitate
- Length and Complexity: The series spans nearly 70 years and includes numerous mint marks, variations, and rarities.
- Cost: High-grade examples, especially from less common mints like Carson City, can command significant premiums.
Why the Series is Worth It
- Historical Insight: Collecting the Coronet $5 gold half eagles is like owning a piece of American history, reflecting periods of growth, war, and change.
- Aesthetic Beauty: The series is celebrated for its timeless design and the unique toning of many pieces.
Investment Potential
Recent Auction Trends
Coins like the 1891-CC half eagle consistently perform well in auctions. This coin realized $3,120 at Heritage’s May 10 session, showcasing the market’s interest in high-quality examples with unique features.
Future Outlook
As numismatics continues to grow in popularity, rare and aesthetically pleasing coins from the Coronet series are likely to see increasing demand.
FAQs
Q1: What is the Coronet $5 Gold Half Eagle Series?
The Coronet $5 gold half eagle series is a collection of U.S. gold coins minted from 1839 to 1908. They are known for their unique design and historical significance. The series features a portrait of Liberty wearing a coronet and a reverse with a heraldic eagle.
Q2: What does “With Motto” mean for the Coronet series?
In 1866, the U.S. Mint added the motto IN GOD WE TRUST above the eagle on the reverse of the coin. This change marks the beginning of the “With Motto” variety, which lasted until the series was replaced by the Indian Head design in 1908.
Q3: Why is the 1891-CC $5 Gold Coin so special?
The 1891-CC $5 coin is special due to its rare minting at the Carson City Mint, as well as its unique features, such as a repunched date and attractive toning with caramel-gold, peach, and cherry-red hues. This coin has become highly sought after by collectors.
Q4: How much is the 1891-CC $5 Gold Coin worth?
The 1891-CC $5 coin, graded Mint State 62 by Numismatic Guaranty Co., recently sold for $3,120 at a Heritage auction. Its value depends on its condition, mint mark, and rarity, with higher-grade examples fetching even more.
Q5: Why are some collectors hesitant to invest in the Coronet $5 Gold Half Eagle Series?
Collectors may hesitate due to the series’ complexity, which includes numerous variations in mint marks, years, and designs. Additionally, high-quality examples from rarer mints like Carson City can be costly.