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During the early years, 1795 to 1834, these gold coins were primarily used in bullion transactions,
including in international exchange. It is likely that the majority of coins dated 1818 and later were
exported or melted. Despite large mintages for certain issues of the 1820s, very few exist today. On
June 28, 1834, the authorized weights of gold coins were reduced. Until that time, previously-struck
pieces had often been melted as soon as they were put into circulation. This legislation was
implemented on August 1, 1834. Later half eagles, beginning with the Classic Head issues of late 1834,
were lighter in weight and circulated readily.
As $10 coins before 1834 were made only in limited quantities, it fell upon the $5 gold half eagle to be
the main coin used in large commercial transactions. After August 1, 1834, these and earlier gold
coins were known as "old tenor" issues, and were listed as such in bullion quotations in journals such
as Niles' Register.
including in international exchange. It is likely that the majority of coins dated 1818 and later were
exported or melted. Despite large mintages for certain issues of the 1820s, very few exist today. On
June 28, 1834, the authorized weights of gold coins were reduced. Until that time, previously-struck
pieces had often been melted as soon as they were put into circulation. This legislation was
implemented on August 1, 1834. Later half eagles, beginning with the Classic Head issues of late 1834,
were lighter in weight and circulated readily.
As $10 coins before 1834 were made only in limited quantities, it fell upon the $5 gold half eagle to be
the main coin used in large commercial transactions. After August 1, 1834, these and earlier gold
coins were known as "old tenor" issues, and were listed as such in bullion quotations in journals such
as Niles' Register.
1-877-261-6869
INDIAN HALF EAGLE
Indian Half Eagle (1908-1929)