Five Dollar Half Eagle Gold Coin

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Description
The half eagle, or $5 coin, was the first gold coin actually struck for the United States. The $5 gold piece was authorized by the Act of April 2, 1792, and the weights and fineness for gold coins were revised with statutes during the 1830s. The occasion for new laws was the discovery of gold in North Carolina and Georgia. Prior to 1830, the scarcity of precious metals was one reason why there was less than one U.S. coin per capita in the United States. Foreign coins, paper bank notes, and privately issued tokens served as money for transactions.
The development of the newly discovered gold fields was encouraged with a law in 1834 that effectively put the United States on a gold standard. Branch mints in Charlotte, North Carolina, and Dahlonega, Georgia were established in 1838 to handle the new gold near the source. Dies were manufactured in Philadelphia and transported to the functioning branch mints in Charlotte (1838-1861) and Dahlonega (1838-1861). Both branch mints handled only gold coins.TR*317527
Location
Currently not on view
Date made
1852
mint
U.S. Mint, Charlotte
Place Made
United States: North Carolina, Charlotte
country
United States
city
United States: North Carolina, Charlotte
province
United States: North Carolina
political area
United States
Physical Description
gold (overall material)
Measurements
overall: 21.7 mm; 27/32 in
ID Number
NU.255927.0112
catalog number
NU85579
accession number
255927
Credit Line
Hauck, Frederick A.
See more items in
Armed Forces History: National Numismatic Collection
Coins, Currency and Medals
Data Source
National Museum of American History, Kenneth E. Behring Center

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