Tag: 1929

1929 Indian Half Eagle PCGS MS65

Sirhc

None Graded Higher

Only the Philadelphia Mint coined gold in 1929, and production was focused on the double eagle denomination. The 1929 half eagle is, in terms of total population, the rarest Indian Head five in the series. Several hundred pieces survive, primarily in Mint State, since this issue never circulated. However, the PCGS population report shows only 12 at this grade level with NONE HIGHER. Nor has NGC graded any higher, either. In other words, an MS65 is as good as it gets for this date. This one is lustrous and attractive.

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Offered at $106, 400 delivered

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1929 Indian Half Eagle PCGS MS64

Sirhc

Last Year-Of-Issue Rarity

The Indian Head half eagle series was short-lived. Yet, it comprised a number of highly elusive dates, none more so than the 1929. Although the 1909-O is perhaps more recognizable to the uninitiated thanks to its low mintage of 34,200 coins, the 1929 is rarer in the absolute sense with a survival rate approximately 50% lower than its New Orleans counterpart. The Mint struck 662,000 five-dollar gold pieces that year, but nearly the entire mintage was held in reserve and eventually melted after the Gold Recall of 1933. Coins that avoided the melting pot are apt to be found in AU to Uncirculated condition, generally MS61 to MS63.

Offered at $35,750 delivered

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1929 Saint Gaudens Double Eagle PCGS MS65

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Saint Rarity

The year 1929 marks a distinct line of demarcation in the Saint-Gaudens double eagle series between common and rare. The 1928 Philadelphia twenty is a well-known and popular type issue that is well-produced and generally available in high grades. On the other hand, each later-date Saint-Gaudens double eagle, beginning with the 1929 and continuing through the series’ end in 1933, is a major rarity. Excluding the uncollectible 1933s, the five issues that usher in the series’ end comprise the 1929, the 1930-S, the 1931 and 1931-D, and the 1932. Of those five issues, the 1929, while still quite rare in an absolute sense, is the most available overall. Most examples of the 1929, however, are confined to the lower Mint State grades, and in Gem and finer condition, the issue takes a sudden leap upward, becoming rarer than the 1931 and 1932 issues. Only six have been graded higher by PCGS.

Offered at $67,200 delivered

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1929 Indian Half Eagle NGC MS62

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Rare Unc. Key Date

No half eagles were struck between 1916 and 1929, but the Philadelphia Mint produced a total of 662,000 coins in the later year. Unfortunately, the effects of the Great Depression were beginning to be felt and there was little need for the coins in the shrinking economy. Most of the mintage was held in government storage and later destroyed after 1933. No half eagles were struck in later years and the 1929 is a key date in the series today. Although our reverse image makes that side of the coin appear to be dark, you’re seeing the effect of the angle and lighting – the true color is actually quite similar to that of the obverse. Listed at $46,500 in the NGC price guide.

Offered at $34,490 delivered

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Vibrant $5 Indian Key – 1929 Indian Half Eagle PCGS AU55

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The 1929 half eagle issue is a curious one, struck during the year that the Great Depression began its decade-long stranglehold on the American economy, an unusual denomination to produce at a time when the theme song (written a couple of years later) was “Buddy, can you spare a dime?” Although the Mint struck 662,000 half eagles in 1929, few were ever distributed to the public. Most of the mintage was still in government vaults when the 1933 gold recall order mandated its melting. Since the issue never circulated to a meaningful extent, most pieces known today are in various Mint State grades. Examples such as this are in demand among budget-restricted collectors, and the supply is extremely limited. This is one of just 13 so-graded by PCGS.

Offered at $27,500

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