The 1861 D Coronet Head Gold $5 Half Eagle is a famous and highly collectible coin from the United States Mint. This gold coin features the Coronet Head design, which was used on U.S. gold coins during the 19th century. The $5 denomination, also known as the “half eagle,” has long been a popular choice for collectors and investors alike.
In this article, we’ll take a deep dive into the history, design, and significance of the 1861 D Coronet Head Gold $5 Half Eagle, including its rarity and the value of these coins in today’s market.
Introduction: The 1861 D Coronet Head Gold $5 Half Eagle
The 1861 D Coronet Head Gold $5 Half Eagle is a unique coin that was minted during a turbulent time in American history, just before the Civil War. The coin’s design, which features Lady Liberty on the obverse and a traditional eagle on the reverse, is a hallmark of the Coronet Head series, which was minted between 1839 and 1908. The 1861 D issue is particularly special due to its low mintage and historical significance, making it a valuable addition to any collection.
History of the 1861 D Coronet Head Gold $5 Half Eagle
In 1861, the United States Mint produced a limited number of Coronet Head Gold Half Eagles. This was a period of great national uncertainty, as the country was on the brink of the Civil War. In total, only 11,250 of these coins were minted at the Dahlonega Mint, which was located in Georgia.
The Dahlonega Mint was one of several branch mints established in the early 19th century to produce coins for circulation in different regions. The mint produced gold coins because of the nearby gold rush. However, the mint was closed in 1861 due to the Civil War, making the coins minted there extremely rare.
Design of the 1861 D Coronet Head Gold $5 Half Eagle
The design of the 1861 D Coronet Head Gold $5 Half Eagle features some iconic symbols of American heritage.
Obverse
The obverse of the coin displays the classic Coronet Head design, featuring Lady Liberty facing left. She is wearing a coronet (or diadem) on her head, which is inscribed with the word “LIBERTY.” This design was created by artist Christian Gobrecht and was used on U.S. gold coins starting in 1839. The obverse also includes the date “1861” beneath Lady Liberty’s image.
Reverse
The reverse of the 1861 D coin depicts a heraldic eagle with outstretched wings. Above the eagle is a banner that reads “E PLURIBUS UNUM,” meaning “Out of many, one.” Below the eagle are the words “UNITED STATES OF AMERICA” and “FIVE DOLLARS.” The reverse design was created by James B. Longacre, who was the Chief Engraver of the U.S. Mint at the time.
Key Features of the 1861 D Coronet Head Gold $5 Half Eagle
| Feature | Description |
|---|---|
| Mintmark | D (for Dahlonega Mint) |
| Denomination | $5 (Half Eagle) |
| Composition | 90% gold, 10% copper |
| Weight | 8.359 grams (0.2418 ounces) |
| Diameter | 21.6 mm (0.85 inches) |
| Edge | Reeded |
| Obverse | Lady Liberty facing left with a coronet and the word “LIBERTY” |
| Reverse | Heraldic eagle with the motto “E PLURIBUS UNUM” and “UNITED STATES OF AMERICA” |
| Mintage | 11,250 coins |
Rarity and Value of the 1861 D Coronet Head Gold $5 Half Eagle
The 1861 D Coronet Head Gold $5 Half Eagle is considered one of the rarer coins from the U.S. Mint. With only 11,250 coins minted, this coin is highly sought after by collectors. Coins from the Dahlonega Mint are particularly rare because the mint ceased operations in 1861 due to the Civil War.
Today, the value of an 1861 D Coronet Head Gold $5 Half Eagle varies greatly depending on its condition, rarity, and the current gold price. In general, collectors can expect to pay a premium for coins in higher grades, particularly for those that are well-preserved.
The coin’s value can range from several thousand dollars to tens of thousands, depending on the market. As of recent auctions, coins in good condition can be valued at over $20,000. The price can increase even further for coins that are in exceptional condition or have unique provenance.
Why Collect the 1861 D Coronet Head Gold $5 Half Eagle?
Collecting the 1861 D Coronet Head Gold $5 Half Eagle offers both historical and financial value. As a rare coin from a time of great change in American history, it represents a significant period in the nation’s development. Additionally, its limited mintage and high demand among collectors make it an attractive investment.
For those interested in American coinage, owning an 1861 D Coronet Head Gold $5 Half Eagle is a way to connect with the rich history of the United States Mint and the Civil War era.
Conclusion
The 1861 D Coronet Head Gold $5 Half Eagle is more than just a coin; it is a piece of American history. Its design, rarity, and connection to the Civil War era make it a highly sought-after item for collectors and investors alike. If you are lucky enough to own one of these coins, you are holding a piece of history that tells the story of a country on the brink of war, with a design that still captures the essence of American pride and heritage.
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FAQs
1. What makes the 1861 D Coronet Head Gold $5 Half Eagle special?
The 1861 D Coronet Head Gold $5 Half Eagle is special because it was minted at the Dahlonega Mint during a time of great turmoil, just before the Civil War. Its low mintage and unique design make it highly collectible.
2. How much is an 1861 D Coronet Head Gold $5 Half Eagle worth?
The value of an 1861 D Coronet Head Gold $5 Half Eagle depends on its condition and rarity, but it can range from several thousand to tens of thousands of dollars.
3. Where can I buy an 1861 D Coronet Head Gold $5 Half Eagle?
You can purchase an 1861 D Coronet Head Gold $5 Half Eagle from reputable coin dealers, auction houses, or online marketplaces specializing in rare coins.
4. What is the gold content of the 1861 D Coronet Head Gold $5 Half Eagle?
The 1861 D Coronet Head Gold $5 Half Eagle contains 90% gold and 10% copper, making it a valuable piece of bullion in addition to its numismatic value.
5. How rare is the 1861 D Coronet Head Gold $5 Half Eagle?
The 1861 D Coronet Head Gold $5 Half Eagle is considered rare, with only 11,250 coins minted. Its rarity and historical significance make it highly desirable among collectors.