American Coin Treasures 1795 P Small Gold Eagle $5 American Mint State

Features

• To honor the landmark Gold coin, this Collectors Proof is minted under the strictest quality standards and struck multiple times for razor sharp design details and a brilliant finish.
• Coin is composed of brass and layered with 24kt gold. It is a non-tradable, replica coin.
• Tribute replica of the world's most rare and beautiful coins.
• Souvenir, collectible for a coin collection.
• A thrilling chapter in America's past, the Half Eagle was the first gold coin of any denomination struck for the United States. The historic Mint Act of April 2, 1792, set the standards for coins struck at the new Philadelphia Mint. This is a spectacular replica of this rare, historic coin.

Description

A thrilling chapter in America's past, the Half Eagle was the first gold coin of any denomination struck for the United States. The historic Mint Act of April 2, 1792, set the standards for coins struck at the new Philadelphia Mint. For the Half Eagle it specified 135 grains weight, consisting of 123-3/4 grains pure gold with the remainder an alloy of silver and copper. The newly established government placed enormous importance on the integrity of America's coinage viewing it as a reflection of the nation to the world. Congress, in fact, considered the accuracy of the precious metal content to be so important, the Act of 1792 required Mint officers to post a personal bond in the amount of $10,000 before handling any precious metals. The Mint's Chief Coiner and Assayer, responsible for overseeing supplies of gold and silver bullion, were unable to raise such a staggering sum, thus making the production of gold coins an impossibility. Seeking to resolve the situation, Secretary of State Thomas Jefferson and President George Washington intervened, and in 1794, Congress lowered the bond requirements to more reasonable levels. With this obstacle eliminated, new Mint Director Henry DeSaussure made striking gold coins one of his first priorities. Chief Engraver Robert Scot had already created the design and prepared the dies for the Half Eagle. A minting milestone, on July 31, 1795, 744 Half Eagles were delivered, the very first gold coins struck by the United States Mint. Engraver Robert Scot fashioned his first image of Liberty in a classic style reminiscent of a Roman-style goddess. The Half Eagle was the first gold coin ever struck by the U. S. Mint. Only 8,707 of these historic $5 Gold Pieces were produced in the first year. Scot's eagle on the reverse was unpopular with the public and frequently ridiculed with the description "chicken eagle."

Grade Rating: Mint State

Graded By: American

Variety: Replica Proof

Color: Gold

Material: Brass, Gold

Grade Rating: Mint State

Grading Provided By: American

Coin Variety 1: Replica Proof

Color: Gold

Mint Mark: P

Exterior Finish: Gold

Set: Single

Total Eaches: 1

Year: 1795

Brand Name: American Coin Treasures

Denomination: $5

UPC: 756132171803

Composition: Brass, Gold

Metal Type: Brass, Silver

Purity Percentage: 92.5