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Phillips $5 Gold Liberty Half Eagles 1900-1908

Set Type: Liberty Head Half Eagles 1900-1908
Owner: VPhillips
Last Modified: 2/17/2018
Views: 171
Filter Rankings: All Coins |  NGC Coins

Rank: 12
Score: 1753
Leading by: 276
Points to Higher Rank: 1157
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Set Description:

NGC set. 1900 to 1908 $5 Half Eagle Gold Liberty. In 1839 the $5 Gold coin was redesigned again. The new obverse was designed by Christian Gobrecht and is known as the "Liberty Head" or "Coronet head". The reverse design remained largely the same, although the value was changed from "5 D." to "Five D.". For those struck at the Philadelphia Mint, there was no longer any silver in the coin, its composition was now .900 gold and .100 copper. However, gold ore used at the southern branch mints of Charlotte and Dahlonega had a high natural silver content, and many of these coins contained up to five percent silver. Its weight was virtually the same, 8.359 grams, but the diameter was reduced one final time, to 21.6 mm, in 1840, for a gold content of 0.242 Troy Oz. This design was used for nearly 70 years, from 1839 to 1908, with a modest change in 1866, when "In God We Trust" was placed on the reverse above the eagle. It holds the distinction of being the only coin of a single design to be minted at seven U.S. Mints: Philadelphia, Dahlonega, Charlotte, New Orleans, San Francisco, Carson City, and Denver.

With an estimated 90% of these coins having later been melted into gold bars in 1933, these turn-of-the-century $5 Gold Half Eagles are important as vintage reminders of what happened in the United States at the turn-of-the-century.

In 1900, A Category 4 Hurricane with estimated winds of 135 miles per hour makes landfall on the city of Galveston, Texas. The hurricane caused the loss of between 6,000 and 12,000 lives.

In 1901, Theodore Roosevelt becomes the 26th President of the United States after William McKinley is assassinated. He later played an important role in the eventual change in design of U.S. coinage.

In 1902, a very useful company called AAA (American Automobile Association) was founded on this day. Before this time, other companies dealing with automobile concerns had existed. However, none of them seemed to last and to this date AAA is one of the largest automobile organizations in the world.

In 1903, Orville and Wilbur Wright made the first successful man-powered airplane flight near on December 17th at Kitty Hawk, North Carolina. The plane weighed 750 pounds and was powered by a 12 horsepower gasoline engine. The craft is referred to as an airship and Orville and Wright were looking for buyers for their machine which was capable of speeds up to 10 mph.

In 1904, The Summer Olympic Games of the III Olympiad are held in St. Louis, Missouri in the United States.

In 1905, illiteracy in the U.S. was 106.6 per 1,000 persons. Statistics showed that 6,180,063 persons were illiterate in America. The Arizona Republican observed, "Illiteracy is more common in the country than in the city. This is due to the superior schools in the towns and the more general attendance of children."

In 1906, An earthquake, measuring 7.8 on the Richter scale, shook the town of San Francisco, California and thirty thousand homes were either partially or wholly destroyed and an estimated 3,000 were reported dead. The earthquake caused large parts of the city to burn and it had taken 2 days of constant fire fighting to stop the spread and bring the fires under control.

In 1907, A major American financial crisis is averted when J. P. Morgan, E. H. Harriman, James Stillman, Henry Clay Frick, and other Wall Street financiers create a $25,000,000 pool to invest in the shares on the plunging New York Stock Exchange, ending the bank panic of 1907, a move which ultimately leads to establishment of the Federal Reserve System.

And, in 1908, Henry Ford's Ford Motor Company introduces the Ford Model T costing $850.00, this was nearly 1/3 of the price of any other car on the market.

In the first years of the 20th Century, $5 was worth approximately $135.92 in 2017 monetary standards. So, $5 was quite a bit of money and would go a very long way in paying Utility bills, financing a car, and certainly paying for groceries.

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