1836 $5 MS(PCGS#8174)

Summer 2025 Global Showcase Auction U.S. Coins

Auctioneer

Stack's Bowers

Lot Number

3196

Grade

MS64

Price

50,400

Lot Description

An appealing example that would do justice to any advanced collection of classic U.S. Mint gold coinage. Exquisite satin to softly frosted luster flows over surfaces that are carefully preserved and exceptionally smooth even at the MS-64 grade level. Sharply defined for the focal features, with beautiful color in vivid rose-gold.<p>In 1834, Congress reduced the weight of the gold coinage in an effort to stem the tide of profiteering and melting. Along with the weight reduction, the design was also changed to William Kneass' Classic Head motif. Old tenor gold coins were melted down and reused for the new coinage, which along with the large amounts of gold coming from the Carolinas and Georgia, contributed to a sharp uptick in the quantities of coins struck at the Mint. The half eagles of 1836 are no exception with well over half a million coins produced. Thanks to the generous mintage, this issue is available in most grades without too much difficulty, including Uncirculated examples. On the other hand, most of the relatively small number of surviving Mint State specimens lie towards the lower end of the spectrum. Examples above Choice are quite the challenge to locate and Gem Mint State coins are exceptional condition rarities. Tantalizingly close to full Gem, this premium quality example with CAC approval will no doubt attract strong interest from half eagle specialists and type collectors.