Draped Bust $5 (1795 – 1807)

#1 Draped Bust $5 Buyer Las Vegas & Henderson

History

In 1807 a major design change from the Capped Bust five dollar gold coin was introduced. In this design, the bust of Liberty faced left as opposed to Liberty facing right in the previous series. This new design also changed the image of Liberty to one wearing a much smaller cap and having a wide “draped” collar referred to as the Draped Bust design. Like its predecessor, it is referred to as a “Half Eagle” as a shorthand term for the coin that indicates it 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. The coin was minted in 22 karat fine gold or a composition of .9167 gold with the remainder being silver and copper in order to provide durability. The coin weight was maintained at 8.75 grams with a 25 mm diameter. This Draped Bust five dollar coin was only minted in Philadelphia from 1807 until 1812.

The obverse or front of the coin displays a bust of Liberty wearing a rounded cap instead of the turban style of the previous issue with her hair running out of the cap and down her neck. Thirteen stars representing the original thirteen colonies surround Liberty’s image and Liberty shows a full bust with draped collar from her dress. 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.

Value

All coins in the series are quite valuable with common examples in fine condition being worth around three thousand dollars. These same common date coins in mint state average between $25,000 and $35,000. While collecting examples of coins from this series is certainly possible, collecting the entire series would prove quite challenging. There are two varieties that can be quite valuable and both are from the 1810 mintage. During that year there were four distinct varieties involving the date and denomination. Both small and large date varieties with either a tall 5 or large 5 in the denomination and can be worth in excess of $200,000 in high mint state.

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 Draped Bust 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.