1916 Coins of the USA and World
USA
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Coin Details
| Origin/Country: |
United States |
| Design Description: |
HALF EAGLES - INDIAN HEAD |
| Item Description: |
$5 1916 S |
| Full Grade: |
NGC MS 61 |
| Owner: |
deposito |
Owner Comments:
The five dollar coin has seven one thousandths of a troy ounce more actual gold weight than the British Sovereign, or Pound, of the same time. So the exchange rate would have been a fairly easy, and stable, five Dollars to a Pound.
Incuse engraving on electrum coins goes back to the inception of coinage in the late seventh century B.C. Incuse engraving on coins, especially on both sides, has also taken a long time off in between. This series of coins is an anomaly in U.S. coinage and large-scale circulating coinage generally, I think.