#1 Capped Head $5 Buyer Las Vegas & Henderson
In 1813, after only six years of mintage, the Capped Bust five dollar gold coin design was changed to what is referred to as the, “Capped Head” design. In this design, the head of Liberty still faced left as in the previous series. The new design however changed the image of Liberty to one where the bust was removed and just the head of Liberty, still wearing a small cap, was substituted. As with the prior series, it is referred to as a “Half Eagle” as a shorthand term for the coin indicating that the coin is half the denomination of the “Eagle” or ten dollar coin. The composition and size parameters of the coin were maintained from the previous issued series up to the 1829 mintage. The coin was minted in 22 karat fine gold or a composition of .9167 gold with the remainder being silver and copper providing durability. The coin weight was maintained at 8.75 grams with a 25 mm diameter. This Capped Head five dollar coin was only minted in Philadelphia from 1813 until 1834.
As mentioned, the obverse or front of the Capped Head coin displays the head of Liberty wearing a rounded cap, as in the previous issue, with the word Liberty placed at the bottom of the cap and with her hair running out of the cap and down the back of her neck. Thirteen stars representing the original thirteen colonies surround Liberty’s image and the date of mintage is displayed under her neck. On the back of the coin or reverse, there is an eagle with wings outstretched, clutching both branch and arrows in its talons. There is a shield on the eagle’s breast and a banner over the eagle with the motto, “E Pluribus Unum”. “5 D.” appears underneath the eagle to represent the five dollar denomination. In 1829 and continuing until the end of the series in 1834, another change was made creating a significant variety. While the images on the obverse and reverse were not changed, the letters, dates (with both small and large varieties) and the stars were reduced in size while the diameter of the coin was reduced from 25 mm to 23.8 mm with the coin’s composition remaining the same.
The gold content is only a very small aspect of the value of these coins, since their rarity and collectability causes their value to far exceed their gold composition. All coins in the series are quite valuable and hard to obtain. When found, common examples in fine condition are generally worth around five thousand dollars. These same common date coins in mint state average between $20,000 and $70,000. Collecting rare date examples of coins from this series proves quite challenging. There are several limited varieties that are highly valued, most of which can reach up to $130,000 in mint state. There are also several unique varieties that can reach into the hundreds of thousands of dollars, and one particular ultra rarity, the 1822, of which only three specimens are known, which would sell for several million dollars if made available for auction.
Because there are so many varied opinions on the condition (or grade) of a coin, the aforementioned values reflect the highest retail prices that have been obtained for those coins that have been assessed by a third party grading company. Such coins have been authenticated, graded and encapsulated by expert coin grading companies to minimize any doubt as to their authenticity, quality and value and therefore their potential worth.
We Buy Capped Head Five Dollar Gold Coins
We want to buy your coins and as a business it is our pledge to offer you the best value for your coins, however, always remember that the prices you may find online or in price guides usually represent the highest retail value for the coin in an already certified condition. As a trusted dealer we will have our coin specialists evaluate your coins at no cost and offer you a price that is both fair for you, but that also allows us to realize a reasonable profit.