The 1822 Capped Bust Half Eagle is one of the rarest and most valuable coins in American history. With only three known examples, this $5 gold coin is a prized artifact from the early days of the U.S. Mint.
Designed by John Reich, its stunning design and extreme rarity make it highly sought after by collectors.
In 2021, one of these coins sold for a record-breaking $8.4 million, making it one of the most expensive early U.S. gold coins ever sold. This coin is more than just money—it is a glimpse into the past, reflecting the craftsmanship and history of a young nation.
The History of the 1822 Capped Bust Half Eagle
The Capped Bust Half Eagle was introduced in 1807 as part of the U.S. Mint’s early gold coinage. At the time, gold coins were primarily used for large transactions and international trade, making them less common in everyday commerce.
In 1822, the U.S. Mint struck 17,796 Half Eagles, but almost all were melted down or lost over time.
Today, only three specimens of the 1822 Capped Bust Half Eagle are known to exist. One is housed in the Smithsonian Institution, while the other two remain in private collections. This extreme rarity has made the coin one of the most desirable pieces in numismatic history.
Design and Features of the 1822 Half Eagle
The 1822 Capped Bust Half Eagle is a beautifully designed gold coin that showcases early American artistry.
- Obverse (Front): A right-facing bust of Liberty wearing a cap inscribed with “LIBERTY.” The date “1822” is below.
- Reverse (Back): A heraldic eagle with outstretched wings, clutching an olive branch and arrows. Surrounding the eagle are the inscriptions “UNITED STATES OF AMERICA” and “5 D.”
- Composition: 91.67% gold, 8.33% copper and silver.
- Weight & Diameter: 8.75 grams, 25 mm.
The design reflects the neoclassical style of early American coinage, with intricate details that symbolize strength, freedom, and unity.
Why Is the 1822 Half Eagle So Valuable?
The extreme rarity of the 1822 Half Eagle is what makes it so valuable. Since only three examples exist, owning one is nearly impossible for most collectors.
Its historical significance, combined with its beautiful design, makes it one of the most treasured American coins.
In 2021, one of the privately owned specimens was auctioned for $8.4 million, setting a record for early U.S. gold coins. This sale highlighted the enduring appeal of rare coins and their importance in preserving history.
The Journey of the 1822 Half Eagle
The surviving 1822 Half Eagles have passed through the hands of some of the most well-known collectors in history. Over the years, these coins have been carefully preserved, studied, and admired.
Their survival is a testament to the dedication of numismatists who recognize their significance.
The coin’s appearance at auction in 2021 was a historic event, attracting global attention from collectors and historians. Its record-breaking sale reaffirmed its status as a numismatic treasure.
How to Appreciate the 1822 Half Eagle
While owning an 1822 Capped Bust Half Eagle is out of reach for most collectors, there are still ways to engage with its history:
- Study Early U.S. Coinage: Learning about the history and design of early American coins can deepen your appreciation for rare pieces like the 1822 Half Eagle.
- Explore Other Capped Bust Coins: The Capped Bust series includes other coins, such as the quarter eagle and dime, which are more affordable and offer similar historical significance.
- Attend Auctions and Exhibitions: Seeing a rare coin like the 1822 Half Eagle in person is a unique opportunity. Attending coin shows and auctions can help you connect with the numismatic community.
- Work with Reputable Dealers: If you’re interested in collecting rare coins, always work with trusted dealers and ensure coins are authenticated by organizations like PCGS or NGC.
The 1822 Capped Bust Half Eagle is more than just an old coin—it is a piece of American history. Its extraordinary rarity, stunning design, and record-breaking value make it one of the most legendary coins ever produced.
Whether you’re a collector, historian, or simply someone fascinated by the past, this coin represents the beauty and importance of preserving history through numismatics.
