Early Gold Bullion $5 Liberty Extra Fine

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  • Product ID: 5678
As low as: $632.76
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  • Description:

    The Early Gold Bullion $5 Liberty coin in Extra Fine condition is a numismatic treasure that provides a captivating window into the history of American coinage. Celebrated for its classic design, historical significance, and well-preserved state, this coin stands as a tangible link to a pivotal era in the nation's monetary development.

    The history of the Early Gold Bullion $5 Liberty coin is intricately woven into the evolution of the United States' monetary system during the 19th century. In the mid-1800s, the U.S. faced economic challenges stemming from an inconsistent currency system that included various types of coinage and banknotes. To address these issues, the Coinage Act of 1834 standardized the gold content of U.S. coins, including the $5 Liberty, marking a significant step toward a more stable and uniform currency system.

    Designed by Chief Engraver Christian Gobrecht, the $5 Liberty coin features a classic and timeless design that has left an indelible mark on American numismatics. The obverse of the coin showcases Lady Liberty, adorned with a coronet inscribed with the word "LIBERTY," and she is encircled by thirteen stars representing the original states. On the reverse, a majestic bald eagle is portrayed, standing behind a shield and clutching arrows and an olive branch in its talons. The coin's design embodies the ideals of freedom and strength that were central to the American ethos during this era.

    The Early Gold Bullion $5 Liberty coin was minted at various U.S. Mint facilities, including Philadelphia, New Orleans, San Francisco, and Carson City. Mintage figures for this coin varied from year to year and across different mint locations, resulting in a diverse range of coins for collectors to pursue. Some years and mintages are scarcer than others, adding to the appeal of collecting this series.

    This coin has a weight of 8.36 grams (approximately 0.27 troy ounces) and is composed of 90% gold and 10% copper. The inclusion of copper in the alloy imparts a distinctive reddish hue to the coin's surface, enhancing its visual appeal while ensuring its durability.

    Extra Fine condition represents a state of preservation where a coin exhibits minor wear, typically confined to high points and raised areas of the design. In this condition, the coin's original mint luster may have faded slightly, but the overall appearance remains pleasing. Collectors value Extra Fine coins for their historical significance and the delicate balance they strike between wear and visual appeal.

    A fascinating fact about the gold standard is its role in providing a stable and universally accepted form of currency. Under the gold standard, the value of a country's currency was directly tied to its gold reserves, instilling confidence in the currency and maintaining price stability. However, this system also had limitations, such as a fixed money supply, which could pose challenges during economic crises.

    In conclusion, the Early Gold Bullion $5 Liberty coin in Extra Fine condition is more than just a piece of currency; it is a tangible connection to America's monetary history and the enduring values of liberty and strength that have defined the United States throughout its history. With its classic design, historical significance, and well-preserved state, this coin stands as a testament to the importance of sound monetary policies and their impact on a nation's economic stability. Collectors and numismatic enthusiasts hold this coin in high regard as a cherished relic of American coinage.

  • Details:
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