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$5 Liberty Head gold coins are famous for being the only coins to have been minted at all seven mints. The $5 gold coins were used in circulation regularly as they were a good size for transactions and thus many can be found in circulated condition.
All $5 gold coins are also called Half Eagles due to the $10 gold coins being called the “eagle.” $10 gold coins were the largest denomination and for this reason were named the eagle. In 1850 the $20 version came along and thus was nicknamed the double eagle.
$5 gold coins are .24187 oz. of gold due to the set price of gold at the time being $20.67 per ounce ($20.67x.24178). Any more gold than that and people would have melted them down to reap profits.
The $5 Liberty was minted from 1839 to 1908, was minted with and without motto and as previously mentioned carries all seven mint marks (Philadelphia, Charlotte, Dahlonega, New Orleans, San Francisco, Carson City and Denver Mints).
Christian Gobrecht, known for his design of the Seated Liberty coin, was commissioned to design the $5 liberty. The obverse is the famous bust of Lady Liberty in a classic European look with thirteen stars circling her head. She is wearing a coronet or crown with the word Liberty inscribed on it. The date can also been found on the front.
The reverse of the coin contains the image of an outstretched bald eagle bearing a shield upon his breast whilst clutching arrows in one talon and an olive branch in the other. The words United States of America and denomination can be found on every version, while the motto In God We Trust can be found on some versions.
The online trading of these coins appeal to investors and collectors alike and can be bought for a premium slightly above that of bullion. We currently offer the most common five dollar Liberties for purchase in XF, MS61, MS62, MS63, MS64 and MS65. If you have any questions in regards to any of our pre 1933 gold coins give us a call and we will be happy to assist you.