The 1828 Capped Bust Gold $5 Half Eagle is an important coin in American numismatic history. This coin is part of a series that was issued by the United States Mint, and it holds particular significance because of a rare variety known as the “8 Over 7” overdate. The Capped Bust design was used on a variety of U.S. coins from the early 19th century, and the 1828 edition is a prime example of this. In this article, we’ll explore the history, features, and value of the 1828 Capped Bust Gold $5 Half Eagle, focusing on the “8 Over 7” overdate variety, which is one of the most interesting features for collectors.
What is the 1828 Capped Bust Gold $5 Half Eagle?
The Capped Bust Gold $5 Half Eagle was a gold coin minted by the United States between 1807 and 1834. Designed by John Reich, the Capped Bust design is notable for its distinctive appearance. The obverse of the coin features a bust of Liberty, facing left, with a capped head, while the reverse displays an eagle with outstretched wings.
The 1828 version of the coin, which features the overdate variety, is particularly valuable. The “8 Over 7” variety refers to a minting error where the number “7” from the previous year, 1827, is visible beneath the “8” in the date. This is a result of the U.S. Mint reusing some of the original die from 1827, which was not fully retooled before it was used to strike coins in 1828.
The “8 Over 7” Overdate: A Rare Find
The “8 Over 7” variety of the 1828 Capped Bust Gold $5 Half Eagle is one of the rarest and most sought-after coin varieties for collectors. The overdate is caused by a mistake during the minting process, where the mint used an old die with the number “7” still visible under the new “8”. This mistake was not corrected before the coin was struck, making it a unique and highly collectible piece.
The overdate can be seen when closely examining the date on the coin. The lower portion of the “7” is visible beneath the “8,” and the overdate is one of the key features that make the coin valuable and highly sought-after by collectors.
Key Features of the 1828 Capped Bust Gold $5 Half Eagle: 8 Over 7
Here’s a summary of the key features that make the 1828 Capped Bust Gold $5 Half Eagle with the “8 Over 7” overdate special:
| Feature | Description |
|---|---|
| Obverse Design | A bust of Liberty facing left, wearing a cap. |
| Reverse Design | A heraldic eagle with a shield. |
| Date on Coin | “1828” with the “8 Over 7” overdate variety. |
| Composition | 90% gold, 10% copper |
| Weight | 8.75 grams (0.25 oz) |
| Diameter | 27 mm |
| Mint Mark | No mint mark (struck at the Philadelphia Mint) |
| Rarity | Extremely rare, especially in good condition. |
Why is the 1828 Capped Bust Gold $5 Half Eagle Valuable?
The value of the 1828 Capped Bust Gold $5 Half Eagle, particularly the “8 Over 7” variety, can be quite high due to its rarity. Coins like this one are in demand among numismatists and collectors because of their historical significance and unique characteristics.
The overdate variety adds to its value, as this type of minting error is a rare occurrence. Coins with an overdate are often considered more valuable than those with a standard date because of the mistake involved in their creation. In addition, coins that have been preserved in excellent condition, such as those with minimal wear or damage, tend to fetch higher prices at auctions.
The historical context also contributes to its value. The Capped Bust design was used on several U.S. coins during the early 1800s, and the 1828 half eagle was minted during a time of significant change in American history. The combination of rarity, historical significance, and unique features makes this coin a prized item for collectors.
How to Identify an 1828 Capped Bust Gold $5 Half Eagle: 8 Over 7
To identify the “8 Over 7” overdate on the 1828 Capped Bust Gold $5 Half Eagle, you will need to carefully examine the date on the coin. The “8” is clearly visible, but if you look closely, you will notice the remnants of the “7” from the previous year beneath the “8.” This is the key characteristic of the overdate variety.
A magnifying glass or jeweler’s loupe can be helpful in spotting the overdate, as it may be difficult to see with the naked eye. Look for the lower portion of the “7” beneath the top of the “8” in the date to confirm that the coin is the “8 Over 7” variety.
How Much is the 1828 Capped Bust Gold $5 Half Eagle Worth?
The value of an 1828 Capped Bust Gold $5 Half Eagle with the “8 Over 7” overdate can vary based on its condition, rarity, and market demand. As a rough estimate:
- In good condition, the coin can be worth between $5,000 and $15,000 USD.
- Coins in excellent condition or those with higher quality grades can reach values of $20,000 or more.
The value can fluctuate depending on factors such as the coin’s specific grade, the state of the market, and whether it is certified by a reputable grading agency.
Conclusion
The 1828 Capped Bust Gold $5 Half Eagle with the “8 Over 7” overdate is a highly valuable and collectible coin. Its historical significance, rarity, and the unique minting error make it an important piece for collectors of American coins. If you are lucky enough to own one of these coins or are considering purchasing one, it is essential to carefully examine the date for the “8 Over 7” variety, as this feature adds to its value. Collecting these coins is a great way to invest in a piece of American history, and the 1828 Capped Bust Gold $5 Half Eagle is one of the finest examples.
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FAQs
What is the 1828 Capped Bust Gold $5 Half Eagle?
The 1828 Capped Bust Gold $5 Half Eagle is a U.S. gold coin minted in 1828, featuring a distinctive “8 Over 7” overdate variety.
What does “8 Over 7” mean on the coin?
The “8 Over 7” refers to a minting error where the “7” from the 1827 die can be seen beneath the “8” in the 1828 date.
How can I tell if my coin is an “8 Over 7” variety?
Look closely at the date on the coin. The lower portion of the “7” should be visible beneath the “8” in the date.
What is the value of the 1828 Capped Bust Gold $5 Half Eagle?
The coin’s value can range from $5,000 to over $20,000, depending on its condition and grade.
Why is the “8 Over 7” variety so valuable?
The “8 Over 7” variety is rare due to a minting error, making it highly sought after by collectors.