The 1798 Turban Head Gold $5 Half Eagle is a fascinating and highly valued piece of American numismatic history. As one of the earliest gold coins produced by the United States Mint, this coin is both a collector’s treasure and a symbol of early American heritage. The Half Eagle series began in 1795, and the 1798 issue represents a key year in the series, making it particularly significant to collectors and historians. This coin carries not only the intrinsic value of gold but also the historical weight of the young nation’s aspirations.
Origins and Background of the 1798 Turban Head Gold Half Eagle
The Half Eagle, introduced in 1795, was one of the first official gold coins produced by the United States. The 1798 Turban Head design, also called the “Capped Bust” or “Heraldic Eagle,” marked a transition from previous coin designs and showcased a new depiction of Lady Liberty. Designed by the U.S. Mint’s chief engraver, Robert Scot, the coin featured Lady Liberty wearing a turban-like cap on the obverse and a proud heraldic eagle on the reverse. The Turban Head design lasted until 1807, making it a brief yet distinct era in the Half Eagle series.
Design Features and Specifications
The 1798 Turban Head Half Eagle is celebrated for its classic design and fine detail, which reflects the artistry of early American coinage. Here are the key design elements and specifications:
| Attribute | Details |
|---|---|
| Year | 1798 |
| Mint | Philadelphia |
| Designer | Robert Scot |
| Metal Content | 91.67% Gold, 8.33% Copper |
| Weight | 8.75 grams |
| Diameter | 25 mm |
| Obverse Design | Lady Liberty with “turban” cap |
| Reverse Design | Heraldic eagle with shield |
| Edge | Reeded |
Unique Varieties of the 1798 Half Eagle
The 1798 Turban Head Half Eagle has two main varieties, which are distinguished by the number of stars on the obverse side of the coin:
- 13-Star Variety: Represents the original 13 colonies.
- 14-Star Variety: Features an additional star, possibly due to a mistaken belief that a new state had been added to the Union.
Both varieties are rare, but the 13-star version is generally considered more common. The 14-star variety, however, is highly sought after by collectors due to its rarity.
Why the 1798 Turban Head Half Eagle is So Valuable
The 1798 Half Eagle is not only rare due to its age but also because of its limited mintage. Here’s why this coin holds significant value today:
- Historical Significance: As one of the earliest American gold coins, it represents the economic aspirations of the newly formed United States.
- Rare Varieties: The two different star varieties make it a unique find for collectors, with the 14-star version being especially rare.
- Condition and Survival Rate: Few coins from this era have survived in good condition, adding to their value. Coins that remain in fine or extra-fine condition are extremely scarce and prized.
- Gold Content: Made with nearly pure gold, these coins also carry intrinsic value, appealing to both investors and collectors.
Market Value and Collectibility
The market value of a 1798 Turban Head Half Eagle varies greatly depending on the coin’s condition, variety, and provenance. High-quality specimens can sell for tens of thousands of dollars at auction. Factors like historical context, rarity, and demand among collectors also contribute to fluctuations in value.
Estimated Market Prices:
- Average Condition: $15,000 to $25,000
- Fine Condition: $35,000 to $50,000
- Extremely Fine Condition: Up to $100,000 or more
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FAQs
1. Why is the 1798 Turban Head Half Eagle rare?
The coin is rare because of its limited production and the survival rate of coins from this early era in American history. Additionally, the two varieties with 13 and 14 stars make it unique.
2. What is the difference between the 13-star and 14-star varieties?
The main difference lies in the number of stars on the obverse side. The 13-star version represents the original 13 colonies, while the 14-star variety includes an extra star, potentially added in error.
3. What affects the value of the 1798 Turban Head Half Eagle?
Factors include the coin’s condition, variety, historical importance, and current demand among collectors.
4. Where was the 1798 Half Eagle minted?
It was minted in Philadelphia, as the Philadelphia Mint was the only operating U.S. mint at the time.
5. What makes this coin historically significant?
As one of the first gold coins struck by the U.S. Mint, it symbolizes America’s early economic history and reflects the artistry and ambition of the fledgling nation.