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Inventory:
2 In Stock
- Product ID: 52941
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| Metal/Chg | Bid | Ask |
|---|---|---|
| Updated: 11/23/24 12:21:01 | ||
Gold
 45.57
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$2,714.41 | $2,728.15 |
The $5 Gold Liberty coin of 1891, also known as the Liberty Head half eagle, represents a significant piece of American numismatic history. This particular coin is part of a series that spans from 1839 to 1908, and it is highly valued not only for its gold content but also for its design and the era it represents. The Liberty Head design was created by the engraver James B. Longacre, who was the Chief Engraver of the United States Mint during a pivotal period in American history.
The year 1891 was marked by economic growth in the United States following the economic depression of the late 1880s. The nation was undergoing significant industrialization, which led to an increased demand for gold coins, such as the Liberty Head half eagle. These coins were used extensively in commerce and played a vital role in the nation's economic system. As a result, they became a symbol of prosperity and stability, making the 1891 half eagle a reflection of this time of recovery and growth.
The obverse side of the 1891 $5 Gold Liberty coin features a stunning depiction of Lady Liberty in left-facing profile. She is crowned with a coronet inscribed with the word “LIBERTY,” a clear indication of the values and ideals upon which the United States was founded. Surrounding her image are 13 stars, representing the original colonies that declared independence from Great Britain. Below her image is the date "1891," which serves as a marker for collectors and historians. This design captures the essence of freedom and the American spirit, making it a cherished symbol of national pride.
On the reverse side, the coin displays an intricately detailed image of a bald eagle, the national bird of the United States. The eagle is depicted with its wings outstretched, clutching a shield, symbolizing the protection of the nation. The reverse also features the inscriptions “UNITED STATES OF AMERICA” and “FIVE DOLLARS,” clearly indicating the denomination of the coin. This design not only emphasizes national pride but also showcases the artistry that was characteristic of American coinage during this era.
The 1891 $5 Gold Liberty coin is composed of 90% gold and 10% copper, a standard alloy for U.S. gold coins. It has a total weight of approximately 8.359 grams and a diameter of 21.6 mm. This composition contributes to the coin’s durability while also giving it a rich, warm color that is highly appealing to collectors. The careful craftsmanship and attention to detail ensure that this coin is not only a valuable investment but also a beautiful piece of art.
The mintage for the 1891 $5 Gold Liberty coin is recorded at approximately 1,047,000 pieces. This relatively high mintage makes the 1891 half eagle one of the more common dates in the Liberty Head series; however, finding examples in high grades, such as AU (About Uncirculated), can be challenging. Coins in AU condition exhibit minimal signs of wear on the high points while retaining much of their original luster. Collectors are particularly interested in these high-grade examples, as they provide a glimpse into the quality and craftsmanship of the coinage of the time.
In terms of historical context, the 1891 $5 Gold Liberty coin is more than just a currency piece; it is a reflection of the social and economic conditions of the United States during the late 19th century. As the country expanded westward and industrial growth surged, the demand for gold coins increased. The Liberty Head series, including the 1891 half eagle, played a crucial role in the monetary system of the time, serving as a reliable form of currency for everyday transactions.
The 1891 $5 Gold Liberty coin also holds significance for collectors due to its status within the Liberty Head series. This series is highly regarded among numismatists for its historical importance and aesthetic appeal. Collectors often seek out coins from this era not only for their gold content but also for the stories they tell about the American experience during a time of change and development.
As part of the Liberty Head series, the 1891 half eagle remains a popular choice for both new and seasoned collectors. Its design, historical significance, and the quality of craftsmanship contribute to its desirability. The coin is a reminder of a time when gold coins were integral to commerce and a symbol of the nation's values.
In summary, the 1891 $5 Gold Liberty coin is a captivating piece of American numismatics. Its exquisite design, historical context, and the artistry involved in its creation contribute to its lasting appeal. As collectors and investors continue to seek out pieces of history, the 1891 half eagle stands as a testament to the values and ideals that have shaped the United States throughout its journey. Owning a piece of this history is not only an investment but also a connection to the past.