USA 5 dollars Capped Bust Small Bust 1828

USA, Philadelphia
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Rarity

Rare

Attributes of Coins

RegionUSA
Denomination5 dollars
Krause numberKM# 43
Mintage28,029
MetalGold 0.917
diameter25 mm
weight8.75 g
Obverse:
coin obverse image
Liberty
Star
Creators:
John Reich
LIBERTY
Reverse:
coin reverse image
Coat of arms
Creators:
John Reich
5 D.
E PLURIBUS UNUM
UNITED STATES OF AMERICA

Introduction of Coins

The 1828 is one of those curious issues whose rarity is so complete that it simply is not well known to collectors because it is so infrequently offered. This piece last sold in the 1982 Eliasberg Collection of gold and an extensive passage was reproduced from Max Mehl's cataloging of another coin that was in the Dunham Collection. This is quite an interesting passage and one that is noteworthy because of the price history he cites from the turn of the century to 1922. The first coin offered for sale this century was the Harlan P. Smith piece in 1906 where the coin realized a substantial price at the time of $240. The Stickney specimen brought $360--a 66% increase in price in one year. The next collection to have an example was the James Ten Eyck Sale in 1922, where an XF was sold for $680 plus 5% commission.   Akers estimates that perhaps as many as 12-15 specimens may still exist today, while Miller places the number extant lower, rating the Perfect Date an R.7 with six confirmed. Both Akers and Mehl (in his write-up from the Dunham Sale) compared the 1828 to the legendary 1815. 

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